Charles Schwab Investment Management Inc. Purchases 31,562 Shares of Waste Management, Inc. $WM

Charles Schwab Investment Management Inc. increased its position in shares of Waste Management, Inc. (NYSE:WM) by 1.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,213,486 shares of the business services provider’s stock after buying an additional 31,562 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.55% of Waste Management worth $506,490,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WM. Brighton Jones LLC raised its holdings in shares of Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after purchasing an additional 2,320 shares during the last quarter. Sprott Inc. bought a new position in Waste Management in the first quarter valued at $325,000. Assetmark Inc. increased its stake in Waste Management by 4.6% in the 1st quarter. Assetmark Inc. now owns 2,233 shares of the business services provider’s stock valued at $517,000 after buying an additional 98 shares during the last quarter. Phoenix Financial Ltd. lifted its position in Waste Management by 8.6% during the 1st quarter. Phoenix Financial Ltd. now owns 1,799 shares of the business services provider’s stock worth $417,000 after buying an additional 143 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in Waste Management by 2.3% during the 1st quarter. HB Wealth Management LLC now owns 46,737 shares of the business services provider’s stock worth $10,820,000 after buying an additional 1,069 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the transaction, the senior vice president directly owned 15,540 shares of the company’s stock, valued at $3,373,112.40. This represents a 8.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Waste Management Stock Performance

NYSE WM opened at $216.71 on Monday. The stock has a market cap of $87.31 billion, a PE ratio of 34.13, a P/E/G ratio of 2.51 and a beta of 0.62. 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 firm has a 50-day moving average of $212.34 and a 200-day moving average of $223.59. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share 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 the consensus estimate of $6.51 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, December 5th. Waste Management’s dividend payout ratio (DPR) is presently 51.97%.

Analyst Ratings Changes

A number of research firms recently issued reports on WM. Truist Financial set a $260.00 target price on Waste Management in a research report on Wednesday, October 29th. Stifel Nicolaus lowered their price target on Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Baird R W raised Waste Management from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Cowen restated a “buy” rating on shares of Waste Management in a report on Wednesday, October 29th. Finally, Scotiabank cut their price target on shares of Waste Management from $264.00 to $254.00 and set a “sector outperform” rating for the company in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Waste Management presently 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.