Waste Management, Inc. $WM Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC trimmed its holdings in Waste Management, Inc. (NYSE:WM) by 1.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 29,468 shares of the business services provider’s stock after selling 576 shares during the quarter. Waste Management makes up 1.2% of Schnieders Capital Management LLC’s holdings, making the stock its 23rd biggest holding. Schnieders Capital Management LLC’s holdings in Waste Management were worth $6,743,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WM. Brighton Jones LLC boosted its holdings in shares of Waste Management by 51.1% during the 4th 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 during the last quarter. Zevenbergen Capital Investments LLC increased its holdings in shares of Waste Management by 30.4% in the second quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock valued at $2,158,000 after purchasing an additional 2,200 shares during the last quarter. Empowered Funds LLC lifted its position in Waste Management by 82.9% during the first quarter. Empowered Funds LLC now owns 22,670 shares of the business services provider’s stock worth $5,248,000 after buying an additional 10,272 shares in the last quarter. BROOKFIELD Corp ON boosted its stake in Waste Management by 25.1% during the first quarter. BROOKFIELD Corp ON now owns 20,135 shares of the business services provider’s stock worth $4,661,000 after buying an additional 4,043 shares during the last quarter. Finally, Czech National Bank grew its holdings in Waste Management by 6.7% in the 2nd quarter. Czech National Bank now owns 89,510 shares of the business services provider’s stock valued at $20,482,000 after buying an additional 5,620 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WM has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a report on Wednesday, October 8th. Oppenheimer reduced their target price on shares of Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Raymond James Financial boosted their target price on shares of Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Citigroup cut their price target on shares of Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Finally, Barclays decreased their price objective on Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $253.00.

Waste Management Stock Up 1.1%

Waste Management stock opened at $215.59 on Monday. The company has a market capitalization of $86.85 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58. The firm has a 50 day moving average price of $221.39 and a 200 day moving average price of $227.35.

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

Waste Management Announces Dividend

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

Waste Management Company Profile

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.