Focus Partners Advisor Solutions LLC Sells 51 Shares of Waste Management, Inc. $WM

Focus Partners Advisor Solutions LLC decreased its position in Waste Management, Inc. (NYSE:WM) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,249 shares of the business services provider’s stock after selling 51 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Waste Management were worth $3,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Westend Capital Management LLC lifted its position in Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after buying an additional 66 shares during the last quarter. Saudi Central Bank bought a new stake in Waste Management in the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. bought a new stake in Waste Management in the 1st quarter worth approximately $38,000. New Age Alpha Advisors LLC bought a new stake in Waste Management in the first quarter valued at approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Waste Management by 381.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on WM shares. Erste Group Bank downgraded Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Oppenheimer lowered their price objective on Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Scotiabank boosted their price objective on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 31st. William Blair reiterated an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Finally, Barclays reduced their target price on Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $253.00.

Waste Management Price Performance

Shares of WM stock opened at $214.56 on Friday. The stock has a market cap of $86.43 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.64 and a beta of 0.64. The business’s fifty day moving average is $219.89 and its 200 day moving average is $227.16. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51.

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

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid 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 dividend payout ratio is presently 48.96%.

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.