Trust Co. of Vermont Boosts Stake in Waste Management, Inc. $WM

Trust Co. of Vermont raised its holdings in Waste Management, Inc. (NYSE:WM) by 1.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,901 shares of the business services provider’s stock after purchasing an additional 515 shares during the quarter. Trust Co. of Vermont’s holdings in Waste Management were worth $7,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Community Bank & Trust Waco Texas raised its position in Waste Management by 2.6% in the second quarter. Community Bank & Trust Waco Texas now owns 3,446 shares of the business services provider’s stock valued at $789,000 after purchasing an additional 87 shares during the period. Childress Capital Advisors LLC raised its position in Waste Management by 9.5% in the second quarter. Childress Capital Advisors LLC now owns 1,205 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 105 shares during the period. Consolidated Portfolio Review Corp raised its position in Waste Management by 34.7% in the second quarter. Consolidated Portfolio Review Corp now owns 1,491 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 384 shares during the period. Truist Financial Corp raised its position in Waste Management by 62.9% in the second quarter. Truist Financial Corp now owns 268,033 shares of the business services provider’s stock valued at $61,331,000 after purchasing an additional 103,487 shares during the period. Finally, Union Bancaire Privee UBP SA raised its holdings in shares of Waste Management by 42.6% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 30,589 shares of the business services provider’s stock valued at $6,999,000 after buying an additional 9,143 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the topic of several research analyst reports. 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. BMO Capital Markets boosted their price objective on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a report on Wednesday, July 30th. Scotiabank boosted their price objective on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a report on Thursday, July 31st. William Blair reiterated an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Finally, Melius Research upgraded Waste Management to a “strong-buy” rating and set a $263.00 price objective on the stock in a report on Monday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $255.17.

Waste Management Trading Up 0.6%

WM opened at $220.85 on Wednesday. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The stock has a market capitalization of $88.97 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 2.68 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. The business has a fifty day moving average price of $224.93 and a 200 day moving average price of $228.43.

Waste Management (NYSE:WM) last released its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS 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 firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same period in the previous year, the firm posted $1.82 EPS. Waste Management’s revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Sell-side analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. 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.