IFP Advisors Inc Has $2.42 Million Stock Holdings in Waste Management, Inc. $WM

IFP Advisors Inc lessened its holdings in shares of Waste Management, Inc. (NYSE:WM) by 5.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 9,828 shares of the business services provider’s stock after selling 521 shares during the period. IFP Advisors Inc’s holdings in Waste Management were worth $2,419,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Callan Family Office LLC lifted its position in shares of Waste Management by 205.0% during the 2nd 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. Blair William & Co. IL lifted its position in shares of Waste Management by 32.9% during the 2nd quarter. Blair William & Co. IL now owns 403,716 shares of the business services provider’s stock worth $92,378,000 after purchasing an additional 99,943 shares during the last quarter. Kampmann Melissa S. lifted its position in shares of Waste Management by 25.5% during the 2nd quarter. Kampmann Melissa S. now owns 9,905 shares of the business services provider’s stock worth $2,266,000 after purchasing an additional 2,010 shares during the last quarter. Mainstay Capital Management LLC ADV lifted its position in shares of Waste Management by 111.6% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 17,110 shares of the business services provider’s stock worth $3,915,000 after purchasing an additional 9,023 shares during the last quarter. Finally, Leo Wealth LLC lifted its position in shares of Waste Management by 122.6% during the 2nd quarter. Leo Wealth LLC now owns 2,090 shares of the business services provider’s stock worth $478,000 after purchasing an additional 1,151 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Up 0.7%

WM stock opened at $219.09 on Friday. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The firm has a market cap of $88.26 billion, a P/E ratio of 32.51, a P/E/G ratio of 2.68 and a beta of 0.64. The business’s 50 day moving average is $223.04 and its 200-day moving average is $227.98. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share 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 for the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the company posted $1.82 EPS. The company’s revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 dividend on an annualized basis and a yield of 1.5%. Waste Management’s payout ratio is currently 48.96%.

Analysts Set New Price Targets

Several brokerages recently issued reports on WM. Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. BMO Capital Markets boosted their price target on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research note on Wednesday, July 30th. Barclays lowered their price target on Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a research note on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday. Finally, Scotiabank boosted their price target on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.32.

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.