Seamount Financial Group Inc. Raises Stock Position in Waste Management, Inc. $WM

Seamount Financial Group Inc. raised its holdings in Waste Management, Inc. (NYSE:WM) by 3.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,931 shares of the business services provider’s stock after acquiring an additional 140 shares during the period. Seamount Financial Group Inc.’s holdings in Waste Management were worth $899,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of WM. Westend Capital Management LLC grew its holdings in Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after acquiring an additional 66 shares during the period. West Branch Capital LLC boosted its position in Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after purchasing an additional 49 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of Waste Management during the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. purchased a new position in shares of Waste Management during the 1st quarter valued at approximately $38,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Waste Management in the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

WM has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a report on Saturday, September 27th. Royal Bank Of Canada restated a “sector perform” rating and set a $229.00 target price on shares of Waste Management in a research report on Thursday, June 26th. UBS Group upped their price target on Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Scotiabank raised 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. Finally, Melius Research upgraded Waste Management to a “strong-buy” rating and set a $263.00 price objective for the company in a research report on Monday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $255.17.

Waste Management Stock Performance

NYSE WM opened at $217.68 on Tuesday. 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 stock’s 50 day simple moving average is $224.08 and its 200-day simple moving average is $228.22. The company has a market cap of $87.69 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.89 by $0.03. The firm had revenue of $6.43 billion during 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 period in the previous year, the business earned $1.82 earnings per share. 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 firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. 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.