Waste Management, Inc. $WM Shares Bought by Centric Wealth Management

Centric Wealth Management increased its holdings in Waste Management, Inc. (NYSE:WM) by 14.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,585 shares of the business services provider’s stock after acquiring an additional 1,366 shares during the quarter. Centric Wealth Management’s holdings in Waste Management were worth $2,488,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Saudi Central Bank purchased a new position in shares of Waste Management during the 1st quarter valued at approximately $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management in the first quarter valued at $38,000. Wealth Watch Advisors INC bought a new position in Waste Management during the 2nd quarter valued at $43,000. New Age Alpha Advisors LLC acquired a new position in Waste Management during the 1st quarter worth $45,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Waste Management by 381.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president owned 15,540 shares in the company, valued at approximately $3,373,112.40. This trade represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the topic of several research analyst reports. Wells Fargo & Company started coverage on shares of Waste Management in a research report on Friday, November 14th. They set an “overweight” rating and a $238.00 price target on the stock. Weiss Ratings raised Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. National Bankshares decreased their target price on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Robert W. Baird raised Waste Management from a “neutral” rating to an “outperform” rating and upped their price target for the company from $238.00 to $242.00 in a research report on Tuesday, November 4th. Finally, Scotiabank decreased their price objective on shares of Waste Management from $264.00 to $254.00 and set a “sector outperform” rating for the company in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average price target of $248.25.

Waste Management Trading Down 0.0%

Shares of NYSE WM opened at $216.71 on Friday. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58. The company has a market cap of $87.31 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.36. The stock’s 50 day simple moving average is $212.34 and its 200 day simple moving average is $223.68.

Waste Management (NYSE:WM) last issued its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the business earned $1.96 earnings per share. Waste Management’s quarterly revenue was up 14.9% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, December 5th. Waste Management’s payout ratio is presently 51.97%.

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.