Trifecta Capital Advisors LLC Buys 1,000 Shares of Waste Management, Inc. $WM

Trifecta Capital Advisors LLC grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 448.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,223 shares of the business services provider’s stock after purchasing an additional 1,000 shares during the period. Trifecta Capital Advisors LLC’s holdings in Waste Management were worth $280,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westend Capital Management LLC increased its holdings in Waste Management by 126.9% during the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after purchasing an additional 66 shares in the last quarter. West Branch Capital LLC increased its holdings in Waste Management by 69.0% during 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 bought a new position in shares of Waste Management in the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. bought a new position in shares of Waste Management in the first quarter valued at approximately $38,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Waste Management in the first quarter valued at approximately $45,000. 80.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup reduced their target price on Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. UBS Group upped their target price on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. BMO Capital Markets upped their target price on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a report on Wednesday, July 30th. Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Finally, Oppenheimer reduced their price objective on Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $254.37.

Waste Management Trading Up 1.1%

NYSE:WM opened at $220.00 on Thursday. The company has a market cap of $88.62 billion, a P/E ratio of 32.64, a P/E/G ratio of 2.66 and a beta of 0.64. The stock’s fifty day moving average price is $223.47 and its two-hundred day moving average price is $228.09. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82.

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

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.825 per share. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s dividend payout ratio is currently 48.96%.

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.