Faithward Advisors LLC Sells 486 Shares of Waste Management, Inc. $WM

by · The Cerbat Gem

Faithward Advisors LLC lowered its position in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,566 shares of the business services provider’s stock after selling 486 shares during the quarter. Waste Management makes up about 0.9% of Faithward Advisors LLC’s investment portfolio, making the stock its 25th largest position. Faithward Advisors LLC’s holdings in Waste Management were worth $4,993,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WM. Brighton Jones LLC grew its position in shares of Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after buying an additional 2,320 shares during the period. Bank Pictet & Cie Europe AG grew its position in shares of Waste Management by 14.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 124,848 shares of the business services provider’s stock worth $25,193,000 after buying an additional 15,974 shares during the period. Ethic Inc. grew its position in shares of Waste Management by 21.7% during the 4th quarter. Ethic Inc. now owns 22,174 shares of the business services provider’s stock worth $4,475,000 after buying an additional 3,954 shares during the period. Graham Capital Management L.P. acquired a new stake in shares of Waste Management during the 4th quarter worth approximately $3,650,000. Finally, Gotham Asset Management LLC increased its holdings in Waste Management by 72.6% in the fourth quarter. Gotham Asset Management LLC now owns 4,481 shares of the business services provider’s stock valued at $904,000 after purchasing an additional 1,885 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WM. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. William Blair reiterated an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. JPMorgan Chase & Co. upgraded Waste Management from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $225.00 to $277.00 in a report on Friday, May 23rd. Oppenheimer lifted their target price on Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, National Bank Financial upgraded Waste Management to a “hold” rating in a report on Monday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $254.35.

Read Our Latest Research Report on WM

Waste Management Stock Performance

WM opened at $220.08 on Monday. The business’s 50-day moving average price is $227.85 and its two-hundred day moving average price is $229.66. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The company has a market capitalization of $88.65 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 2.70 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 – Get Free Report) last posted its quarterly 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. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the firm posted $1.82 earnings per share. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 12th. Waste Management’s dividend payout ratio is currently 48.96%.

Waste Management Profile

(Free Report)

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.

Further Reading

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