Greenleaf Trust Sells 1,145 Shares of Waste Management, Inc. $WM

Greenleaf Trust cut its holdings in Waste Management, Inc. (NYSE:WM) by 7.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 13,571 shares of the business services provider’s stock after selling 1,145 shares during the period. Greenleaf Trust’s holdings in Waste Management were worth $3,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of 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 acquiring an additional 2,320 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Waste Management by 82.9% in the first quarter. Empowered Funds LLC now owns 22,670 shares of the business services provider’s stock valued at $5,248,000 after acquiring an additional 10,272 shares in the last quarter. Zevenbergen Capital Investments LLC grew its holdings in shares of Waste Management by 30.4% in the second quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock valued at $2,158,000 after acquiring an additional 2,200 shares in the last quarter. BROOKFIELD Corp ON grew its holdings in shares of Waste Management by 25.1% in the first quarter. BROOKFIELD Corp ON now owns 20,135 shares of the business services provider’s stock valued at $4,661,000 after acquiring an additional 4,043 shares in the last quarter. Finally, Czech National Bank grew its holdings in Waste Management by 6.7% during the second quarter. Czech National Bank now owns 89,510 shares of the business services provider’s stock valued at $20,482,000 after purchasing an additional 5,620 shares during the period. 80.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WM shares. Scotiabank increased their price objective on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a report on Thursday, July 31st. BMO Capital Markets increased their price objective on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a report on Wednesday, July 30th. Royal Bank Of Canada reissued a “sector perform” rating and set a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. Melius started coverage on Waste Management in a report on Monday, June 9th. They set a “buy” rating for the company. Finally, Citigroup reduced their price objective on Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus target price of $255.17.

Waste Management Price Performance

Waste Management stock opened at $220.85 on Wednesday. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The business has a fifty day moving average price of $224.93 and a 200-day moving average price of $228.43. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The firm has a market capitalization of $88.97 billion, a P/E ratio of 32.77, a PEG ratio of 2.68 and a beta of 0.64.

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

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio (DPR) 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.