Ameritas Advisory Services LLC Cuts Position in Waste Management, Inc. $WM

Ameritas Advisory Services LLC decreased its holdings in Waste Management, Inc. (NYSE:WM) by 22.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,982 shares of the business services provider’s stock after selling 2,043 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Waste Management were worth $1,598,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WM. Westend Capital Management LLC raised its position in Waste Management by 126.9% in the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after acquiring an additional 66 shares in the last quarter. West Branch Capital LLC raised its position in Waste Management by 69.0% in the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after acquiring an additional 49 shares in the last quarter. Saudi Central Bank purchased a new position in shares of Waste Management in the first quarter valued at $37,000. GKV Capital Management Co. Inc. purchased a new position in shares of Waste Management in the first quarter valued at $38,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Waste Management in the first quarter valued at $45,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 1.3%

Waste Management stock opened at $219.77 on Friday. The stock has a market cap of $88.53 billion, a PE ratio of 32.61, a P/E/G ratio of 2.65 and a beta of 0.64. The stock has a 50-day moving average price of $224.29 and a 200 day moving average price of $228.25. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The company has a current ratio of 0.86, a quick ratio of 0.82 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 (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 firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period last year, the company earned $1.82 EPS. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WM. CIBC raised their price target on Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, June 26th. Raymond James Financial raised their price target on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada restated a “sector perform” rating and issued a $229.00 price target on shares of Waste Management in a research report on Thursday, June 26th. Erste Group Bank cut Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Finally, William Blair reiterated an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and an average target price of $255.17.

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.