Field & Main Bank Sells 160 Shares of Waste Management, Inc. $WM

Field & Main Bank lowered its holdings in Waste Management, Inc. (NYSE:WM) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,500 shares of the business services provider’s stock after selling 160 shares during the quarter. Field & Main Bank’s holdings in Waste Management were worth $2,631,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WM. Saudi Central Bank bought a new stake in shares of Waste Management in the 1st quarter worth $37,000. GKV Capital Management Co. Inc. purchased a new position in shares of Waste Management in the first quarter worth $38,000. Wealth Watch Advisors INC purchased a new position in shares of Waste Management during the second quarter valued at about $43,000. New Age Alpha Advisors LLC purchased a new stake in shares of Waste Management during the 1st quarter worth approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Waste Management by 381.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after buying an additional 160 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $197.52 on Thursday. Waste Management, Inc. has a 1-year low of $197.02 and a 1-year high of $242.58. The company has a market cap of $79.57 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 2.52 and a beta of 0.64. The stock’s 50 day simple moving average is $218.54 and its 200-day simple moving average is $226.72. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The business had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal 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 given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s payout ratio is presently 51.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WM shares. Cowen reissued a “buy” rating on shares of Waste Management in a research note on Wednesday. Oppenheimer reiterated an “outperform” rating and set a $262.00 price objective on shares of Waste Management in a report on Wednesday. Erste Group Bank lowered shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Stifel Nicolaus decreased their target price on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Royal Bank Of Canada lowered their price objective on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus price target of $248.95.

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.