Dogwood Wealth Management LLC Sells 178 Shares of Waste Management, Inc. $WM

Dogwood Wealth Management LLC trimmed its stake in shares of Waste Management, Inc. (NYSE:WM) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,944 shares of the business services provider’s stock after selling 178 shares during the quarter. Dogwood Wealth Management LLC’s holdings in Waste Management were worth $662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westend Capital Management LLC raised its stake in shares of Waste Management by 126.9% during the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 66 shares during the period. West Branch Capital LLC raised its stake in shares of Waste Management by 69.0% during the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 49 shares during the period. Saudi Central Bank bought a new position in Waste Management in the 1st quarter worth about $37,000. GKV Capital Management Co. Inc. bought a new position in Waste Management in the 1st quarter worth about $38,000. Finally, New Age Alpha Advisors LLC bought a new position in Waste Management in the 1st quarter worth about $45,000. 80.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on WM. UBS Group upped their target price on Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada restated a “sector perform” rating and issued a $229.00 target price on shares of Waste Management in a research note on Thursday, June 26th. Raymond James Financial upped their target price on Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Scotiabank upped their target price on Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 31st. Finally, CIBC upped their price objective on Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $255.17.

Waste Management Trading Up 0.6%

Shares of WM stock opened at $220.85 on Wednesday. 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. The business has a 50-day moving average of $224.93 and a 200 day moving average of $228.43. The stock has a market capitalization of $88.97 billion, a PE ratio of 32.77, a P/E/G ratio of 2.68 and a beta of 0.64.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter last year, the business 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. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

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

About Waste Management

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.