M&T Bank Corp Has $44.36 Million Stock Holdings in Waste Management, Inc. $WM

M&T Bank Corp lowered its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 193,880 shares of the business services provider’s stock after selling 2,928 shares during the period. M&T Bank Corp’s holdings in Waste Management were worth $44,364,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Waste Management in the second quarter worth about $1,064,206,000. Valeo Financial Advisors LLC increased its position in Waste Management by 15,782.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock worth $395,512,000 after purchasing an additional 1,717,603 shares in the last quarter. Nuveen LLC bought a new position in Waste Management in the 1st quarter valued at approximately $333,089,000. Ameriprise Financial Inc. boosted its position in Waste Management by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after buying an additional 1,239,996 shares in the last quarter. Finally, Sustainable Growth Advisers LP grew its stake in shares of Waste Management by 55.5% during the second quarter. Sustainable Growth Advisers LP now owns 2,897,636 shares of the business services provider’s stock worth $663,037,000 after buying an additional 1,034,258 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Rafael Carrasco sold 1,380 shares of Waste Management stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the sale, the senior vice president owned 15,540 shares of the company’s stock, valued at approximately $3,373,112.40. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WM. The Goldman Sachs Group began coverage on Waste Management in a research note on Monday, November 24th. They issued a “buy” rating and a $256.00 price target for the company. Scotiabank dropped their target price on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating for the company in a research report on Wednesday, October 29th. Royal Bank Of Canada reduced their price target on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Cowen reaffirmed a “buy” rating on shares of Waste Management in a research note on Wednesday, October 29th. Finally, Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $249.14.

Waste Management Price Performance

Waste Management stock opened at $215.69 on Tuesday. The stock has a market capitalization of $86.89 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. The stock’s 50 day moving average price is $212.38 and its two-hundred day moving average price is $223.12.

Waste Management (NYSE:WM) last posted its quarterly earnings results 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). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. During the same quarter in the previous year, the business posted $1.96 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given 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 is Friday, December 5th. Waste Management’s dividend payout ratio is presently 51.97%.

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.