Curated Wealth Partners LLC Trims Stock Position in Waste Management, Inc. $WM

Curated Wealth Partners LLC lowered its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,147 shares of the business services provider’s stock after selling 52 shares during the period. Curated Wealth Partners LLC’s holdings in Waste Management were worth $949,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WM. Brighton Jones LLC increased its holdings in 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 buying an additional 2,320 shares in the last quarter. Sprott Inc. purchased a new position in shares of Waste Management in the 1st quarter valued at about $325,000. GAMMA Investing LLC increased its stake in shares of Waste Management by 13.1% in the 1st quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider’s stock valued at $1,909,000 after purchasing an additional 958 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Waste Management by 4.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 592,229 shares of the business services provider’s stock valued at $137,108,000 after buying an additional 24,023 shares in the last quarter. Finally, Keystone Wealth Services LLC purchased a new stake in shares of Waste Management in the first quarter valued at approximately $291,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WM shares. William Blair reissued an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. National Bankshares cut their target price on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Stifel Nicolaus started coverage on shares of Waste Management in a research note on Tuesday, September 30th. They set a “buy” rating and a $252.00 target price for the company. Barclays cut their price objective on Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $229.00 price target on shares of Waste Management in a research report on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $254.32.

Waste Management Stock Up 0.5%

Shares of NYSE:WM opened at $218.09 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The business has a fifty day moving average of $222.54 and a two-hundred day moving average of $227.82. The stock has a market cap of $87.85 billion, a P/E ratio of 32.36, a PEG ratio of 2.67 and a beta of 0.64. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week high of $242.58.

Waste Management (NYSE:WM) last issued its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same period in the prior year, the business 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. On average, research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

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

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.