Jacobi Capital Management LLC Has $4.77 Million Stock Position in Waste Management, Inc. $WM

Jacobi Capital Management LLC lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,599 shares of the business services provider’s stock after selling 49 shares during the quarter. Jacobi Capital Management LLC’s holdings in Waste Management were worth $4,769,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Ascent Group LLC boosted its position in Waste Management by 0.6% during the 4th quarter. Ascent Group LLC now owns 7,534 shares of the business services provider’s stock worth $1,520,000 after acquiring an additional 44 shares during the last quarter. Insight Wealth Strategies LLC raised its stake in shares of Waste Management by 0.4% during the 1st quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider’s stock worth $2,698,000 after purchasing an additional 44 shares in the last quarter. McAdam LLC raised its stake in shares of Waste Management by 3.1% during the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock worth $343,000 after purchasing an additional 44 shares in the last quarter. Stonebridge Financial Group LLC raised its stake in shares of Waste Management by 3.0% during the 1st quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock worth $355,000 after purchasing an additional 45 shares in the last quarter. Finally, Formidable Asset Management LLC raised its stake in shares of Waste Management by 2.0% during the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock worth $536,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Down 0.7%

WM opened at $217.67 on Thursday. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The stock’s fifty day simple moving average is $227.34 and its 200 day simple moving average is $229.45. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The stock has a market cap of $87.68 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 2.69 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, September 12th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WM. BMO Capital Markets upped their price objective on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. upgraded Waste Management from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $225.00 to $277.00 in a research note on Friday, May 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $229.00 price objective on shares of Waste Management in a research note on Thursday, June 26th. CIBC upped their price objective on Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, June 26th. Finally, Oppenheimer increased their price target on Waste Management from $260.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and a consensus price target of $254.35.

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.