Alpine Woods Capital Investors LLC Cuts Stake in Waste Management, Inc. $WM

Alpine Woods Capital Investors LLC lowered its holdings in shares of Waste Management, Inc. (NYSE:WM) by 7.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,898 shares of the business services provider’s stock after selling 247 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Waste Management were worth $663,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WM. Brighton Jones LLC grew its position in shares of Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Sprott Inc. purchased a new stake in shares of Waste Management during the first quarter worth about $325,000. GAMMA Investing LLC grew its holdings in Waste Management by 13.1% during the 1st quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider’s stock valued at $1,909,000 after buying an additional 958 shares in the last quarter. Elevation Point Wealth Partners LLC grew its holdings in Waste Management by 50.7% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,322 shares of the business services provider’s stock valued at $538,000 after buying an additional 781 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Waste Management by 4.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 592,229 shares of the business services provider’s stock valued at $137,108,000 after buying an additional 24,023 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. William Blair restated an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Erste Group Bank cut Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Citigroup dropped their target price on Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. BMO Capital Markets raised their price target on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 30th. Finally, Raymond James Financial raised their price target on Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $254.32.

Waste Management Trading Down 0.9%

Shares of NYSE WM opened at $217.17 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The business has a fifty day simple moving average of $222.78 and a two-hundred day simple moving average of $227.89. The firm has a market cap of $87.48 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58.

Waste Management (NYSE:WM) last issued its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.Waste Management’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s payout ratio is presently 48.96%.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.