Bank of Montreal Can Sells 104,051 Shares of Waste Management, Inc. $WM

Bank of Montreal Can lessened its position in Waste Management, Inc. (NYSE:WM) by 6.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,475,013 shares of the business services provider’s stock after selling 104,051 shares during the quarter. Bank of Montreal Can owned about 0.37% of Waste Management worth $337,512,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WM. McAdam LLC boosted its stake in Waste Management by 3.1% during the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock valued at $343,000 after purchasing an additional 44 shares during the period. Syntegra Private Wealth Group LLC increased its position in Waste Management by 2.0% in the 2nd quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock worth $524,000 after buying an additional 44 shares during the period. Formidable Asset Management LLC boosted its position in shares of Waste Management by 2.0% in the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock valued at $536,000 after acquiring an additional 45 shares during the period. Harbour Trust & Investment Management Co grew its stake in shares of Waste Management by 1.1% in the second quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock worth $943,000 after acquiring an additional 45 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in Waste Management by 3.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock worth $349,000 after acquiring an additional 46 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Waste Management Trading Down 0.3%

WM stock opened at $200.03 on Monday. Waste Management, Inc. has a 1-year low of $197.02 and a 1-year high of $242.58. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.36. The business’s 50 day moving average is $217.43 and its 200-day moving average is $226.26. 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 announced its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. During the same period in the prior year, the firm earned $1.96 EPS. Waste Management’s quarterly revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share 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 issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is currently 51.97%.

Analysts Set New Price Targets

WM has been the subject of a number of research reports. Cowen reissued a “buy” rating on shares of Waste Management in a report on Wednesday. CIBC reduced their target price on shares of Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Scotiabank lowered their price target on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating on the stock in a research note on Wednesday. BMO Capital Markets upped their price target on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a report on Wednesday, July 30th. Finally, Oppenheimer reissued an “outperform” rating and set a $262.00 price objective on shares of Waste Management in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.61.

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.