19,615 Shares in Waste Management, Inc. $WM Acquired by Haverford Financial Services Inc.

Haverford Financial Services Inc. purchased a new stake in Waste Management, Inc. (NYSE:WM) during the second quarter, Holdings Channel reports. The firm purchased 19,615 shares of the business services provider’s stock, valued at approximately $4,488,000. Waste Management comprises 1.3% of Haverford Financial Services Inc.’s portfolio, making the stock its 29th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC grew 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 worth $13,064,000 after buying an additional 1,698 shares during the last quarter. GPM Growth Investors Inc. grew its position in Waste Management by 50.6% during the 2nd quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock worth $3,808,000 after acquiring an additional 5,588 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in Waste Management during the 2nd quarter valued at $4,361,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Waste Management during the 2nd quarter worth about $6,865,000. Finally, Zevenbergen Capital Investments LLC grew its holdings in Waste Management by 30.4% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock worth $2,158,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

WM opened at $211.29 on Wednesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. The business’s 50-day simple moving average is $212.49 and its 200 day simple moving average is $223.98. The firm has a market capitalization of $85.12 billion, a PE ratio of 33.27, a PEG ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, December 5th. Waste Management’s dividend payout ratio is presently 51.97%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Scotiabank decreased their price target on shares of Waste Management from $264.00 to $254.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, October 29th. Stifel Nicolaus decreased their price target on Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Citigroup upped their target price on shares of Waste Management from $268.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. National Bankshares dropped their price target on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Finally, Raymond James Financial upped their price target on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Waste Management currently 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.