Comprehensive Financial Consultants Institutional Inc. Reduces Position in Waste Management, Inc. $WM

Comprehensive Financial Consultants Institutional Inc. decreased its stake in shares of Waste Management, Inc. (NYSE:WM) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,186 shares of the business services provider’s stock after selling 305 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Waste Management were worth $1,644,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WM. Brighton Jones LLC lifted its holdings in Waste Management by 51.1% in the 4th 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Waste Management by 68.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 244 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 99 shares in the last quarter. Sprott Inc. purchased a new position in Waste Management in the 1st quarter valued at about $325,000. Sovereign Financial Group Inc. purchased a new stake in Waste Management in the 1st quarter valued at about $214,000. Finally, Impact Capital Partners LLC purchased a new stake in Waste Management in the 1st quarter valued at about $225,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 1.3%

WM opened at $219.77 on Monday. The firm has a market capitalization of $88.53 billion, a P/E ratio of 32.61, a P/E/G ratio of 2.68 and a beta of 0.64. The firm’s 50 day moving average is $224.29 and its 200-day moving average is $228.27. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on WM shares. Melius Research upgraded Waste Management to a “strong-buy” rating and set a $263.00 price target for the company in a report on Monday, June 9th. Barclays started coverage on Waste Management in a report on Friday, September 19th. They issued an “overweight” rating and a $272.00 price target for the company. Stifel Nicolaus started coverage on Waste Management in a report on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price target for the company. Scotiabank lifted their price target on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a report on Thursday, July 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.