Waste Management, Inc. $WM Shares Sold by Hall Capital Management Co. Inc.

Hall Capital Management Co. Inc. trimmed its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,652 shares of the business services provider’s stock after selling 85 shares during the period. Waste Management comprises about 2.0% of Hall Capital Management Co. Inc.’s holdings, making the stock its 14th biggest holding. Hall Capital Management Co. Inc.’s holdings in Waste Management were worth $4,726,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. McAdam LLC lifted its position in shares of Waste Management by 3.1% in the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock worth $343,000 after acquiring an additional 44 shares during the period. Stonebridge Financial Group LLC lifted its position in shares of Waste Management by 3.0% in the 1st quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock worth $355,000 after acquiring an additional 45 shares during the period. Formidable Asset Management LLC lifted its position in shares of Waste Management by 2.0% in the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock worth $536,000 after acquiring an additional 45 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Waste Management by 3.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock worth $349,000 after acquiring an additional 46 shares during the period. Finally, Tandem Capital Management Corp ADV lifted its position in shares of Waste Management by 0.7% in the 1st quarter. Tandem Capital Management Corp ADV now owns 6,614 shares of the business services provider’s stock worth $1,531,000 after acquiring an additional 47 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. CIBC raised their price objective on Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, June 26th. William Blair reiterated an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Stifel Nicolaus initiated coverage on Waste Management in a research report on Tuesday, September 30th. They set a “buy” rating and a $252.00 target price for the company. 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $254.53.

Waste Management Trading Down 0.1%

WM stock opened at $217.54 on Wednesday. The business has a fifty day moving average price of $223.72 and a 200 day moving average price of $228.15. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58. The stock has a market capitalization of $87.63 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 2.66 and a beta of 0.64. 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 released 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. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same period last year, the firm posted $1.82 EPS. The business’s revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued 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 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.