Coldstream Capital Management Inc. Reduces Stock Holdings in Waste Management, Inc. $WM

Coldstream Capital Management Inc. lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 4.2% in the second quarter, Holdings Channel reports. The institutional investor owned 32,454 shares of the business services provider’s stock after selling 1,440 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Waste Management were worth $7,426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WM. Saudi Central Bank purchased a new stake in shares of Waste Management in the 1st quarter valued at approximately $37,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Waste Management in the first quarter valued at $38,000. Wealth Watch Advisors INC purchased a new position in shares of Waste Management in the 2nd quarter valued at about $43,000. New Age Alpha Advisors LLC purchased a new position in Waste Management in the first quarter worth approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Waste Management by 381.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after purchasing an additional 160 shares during the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of research analyst reports. Truist Financial set a $260.00 price target on Waste Management in a report on Wednesday, October 29th. Citigroup raised their price target on Waste Management from $268.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings raised shares of Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Wells Fargo & Company started coverage on Waste Management in a research report on Friday, November 14th. They set an “overweight” rating and a $238.00 target price on the stock. Finally, National Bankshares cut 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 report on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $248.25.

Insider Activity

In other news, SVP Rafael Carrasco sold 1,380 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the sale, the senior vice president directly owned 15,540 shares of the company’s stock, valued at $3,373,112.40. The trade was a 8.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Waste Management Trading Down 0.0%

Shares of WM stock opened at $216.71 on Friday. The firm has a 50-day moving average price of $212.34 and a 200 day moving average price of $223.68. 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 company has a market capitalization of $87.31 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58.

Waste Management (NYSE:WM) last announced its earnings results 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 firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same quarter last year, the business posted $1.96 EPS. 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. Research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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

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.