Waste Management, Inc. $WM Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC reduced its position in Waste Management, Inc. (NYSE:WM) by 22.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,982 shares of the business services provider’s stock after selling 2,043 shares during the period. Ameritas Advisory Services LLC’s holdings in Waste Management were worth $1,598,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WM. Nuveen LLC acquired a new position in shares of Waste Management in the 1st quarter valued at about $333,089,000. Ameriprise Financial Inc. lifted its stake in shares of Waste Management by 30.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after purchasing an additional 1,239,996 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Waste Management by 26.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock valued at $774,000,000 after purchasing an additional 709,557 shares in the last quarter. Voya Investment Management LLC lifted its position in Waste Management by 738.2% during the 1st quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock worth $175,766,000 after acquiring an additional 668,637 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in Waste Management by 16,999.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 661,060 shares of the business services provider’s stock worth $153,043,000 after acquiring an additional 657,194 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Price Performance

WM stock opened at $219.77 on Friday. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The company has a market capitalization of $88.53 billion, a PE ratio of 32.61, a P/E/G ratio of 2.65 and a beta of 0.64. The stock’s 50 day moving average is $224.29 and its two-hundred day moving average is $228.25.

Waste Management (NYSE:WM) last issued 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 business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the previous year, the business earned $1.82 EPS. The business’s quarterly revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently commented on WM. Stifel Nicolaus began coverage on Waste Management in a research report on Tuesday. They set a “buy” rating and a $252.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a research report on Saturday, September 27th. Citigroup reduced their price target on Waste Management from $275.00 to $268.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Royal Bank Of Canada reissued a “sector perform” rating and set a $229.00 price target on shares of Waste Management in a research report on Thursday, June 26th. Finally, Erste Group Bank downgraded Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.17.

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.