Etesian Wealth Advisors Inc. Sells 48 Shares of Waste Management, Inc. $WM

Etesian Wealth Advisors Inc. lowered its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,164 shares of the business services provider’s stock after selling 48 shares during the quarter. Etesian Wealth Advisors Inc.’s holdings in Waste Management were worth $495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI raised its position in shares of Waste Management by 1.6% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 106,712 shares of the business services provider’s stock valued at $24,418,000 after buying an additional 1,697 shares during the last quarter. McKinley Carter Wealth Services Inc. raised its position in shares of Waste Management by 4.2% during the second quarter. McKinley Carter Wealth Services Inc. now owns 45,391 shares of the business services provider’s stock valued at $10,386,000 after buying an additional 1,811 shares during the last quarter. Coordinated Financial Services Inc. bought a new stake in shares of Waste Management during the second quarter valued at approximately $306,000. Moseley Investment Management Inc. raised its position in shares of Waste Management by 238.7% during the second quarter. Moseley Investment Management Inc. now owns 4,779 shares of the business services provider’s stock valued at $1,094,000 after buying an additional 3,368 shares during the last quarter. Finally, Callan Family Office LLC increased its position in Waste Management by 205.0% in the second quarter. Callan Family Office LLC now owns 16,196 shares of the business services provider’s stock worth $3,706,000 after purchasing an additional 10,886 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Barclays reduced their price target on shares of Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a research report on Thursday. Oppenheimer reduced their price target on shares of Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a research report on Wednesday. CIBC boosted their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, June 26th. Finally, William Blair restated an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $254.32.

Waste Management Stock Down 1.1%

NYSE WM opened at $217.56 on Friday. 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 company has a fifty day moving average of $223.24 and a two-hundred day moving average of $228.03. The firm has a market capitalization of $87.64 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.71 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 posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.89 by $0.03. The company had revenue of $6.43 billion during 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%. Waste Management’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

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

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.