Telos Capital Management Inc. Has $3.54 Million Holdings in Waste Management, Inc. $WM

Telos Capital Management Inc. reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 24.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,449 shares of the business services provider’s stock after selling 5,030 shares during the quarter. Telos Capital Management Inc.’s holdings in Waste Management were worth $3,535,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Saudi Central Bank acquired a new position in shares of Waste Management in the 1st quarter valued at $37,000. GKV Capital Management Co. Inc. acquired a new position in shares of Waste Management in the 1st quarter valued at $38,000. Wealth Watch Advisors INC acquired a new position in shares of Waste Management in the 2nd quarter valued at $43,000. New Age Alpha Advisors LLC acquired a new position in shares of Waste Management in the 1st quarter valued at $45,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Waste Management by 381.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock valued at $47,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Waste Management from $277.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, October 8th. Oppenheimer reiterated an “outperform” rating and set a $262.00 target price on shares of Waste Management in a research report on Wednesday. Scotiabank dropped their target price on shares of Waste Management from $264.00 to $254.00 and set a “sector outperform” rating for the company in a research report on Wednesday. Finally, William Blair reiterated an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.61.

Waste Management Stock Down 0.3%

Shares of NYSE:WM opened at $200.03 on Monday. Waste Management, Inc. has a 12 month low of $197.02 and a 12 month high of $242.58. The company’s 50-day moving average price is $217.43 and its two-hundred day moving average price is $226.26. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The firm has a market cap of $80.58 billion, a P/E ratio of 31.50, a P/E/G ratio of 2.51 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is 51.97%.

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.