Waste Management, Inc. $WM Stake Lifted by Saturna Capital Corp

Saturna Capital Corp lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 199.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,851 shares of the business services provider’s stock after acquiring an additional 3,900 shares during the quarter. Saturna Capital Corp’s holdings in Waste Management were worth $1,339,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WM. Wealthfront Advisers LLC boosted its stake in Waste Management by 3.1% during the second quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock valued at $13,064,000 after buying an additional 1,698 shares in the last quarter. GPM Growth Investors Inc. lifted its holdings in Waste Management by 50.6% in the 2nd quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock valued at $3,808,000 after acquiring an additional 5,588 shares during the last quarter. Machina Capital S.A.S. bought a new position in shares of Waste Management during the 2nd quarter valued at about $4,361,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Waste Management in the 2nd quarter worth approximately $6,865,000. Finally, Zevenbergen Capital Investments LLC raised its holdings in shares of Waste Management by 30.4% in the 2nd quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock worth $2,158,000 after purchasing an additional 2,200 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Up 1.6%

NYSE:WM opened at $211.29 on Wednesday. The business’s fifty day moving average price is $212.49 and its 200 day moving average price is $223.98. The firm has a market capitalization of $85.12 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 2.51 and a beta of 0.62. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.36. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $242.58.

Waste Management (NYSE:WM) last announced 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 business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, December 5th. Waste Management’s dividend payout ratio is currently 51.97%.

Wall Street Analyst Weigh In

WM has been the topic of several research reports. UBS Group dropped their price target on Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Cowen restated a “buy” rating on shares of Waste Management in a report on Wednesday, October 29th. CIBC reduced their target price on Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Truist Financial set a $260.00 price target on Waste Management in a research report on Wednesday, October 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $262.00 price objective on shares of Waste Management in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $248.25.

Waste Management 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.