Trifecta Capital Advisors LLC Raises Position in Waste Management, Inc. $WM

Trifecta Capital Advisors LLC increased its holdings in Waste Management, Inc. (NYSE:WM) by 448.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,223 shares of the business services provider’s stock after acquiring an additional 1,000 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Waste Management were worth $280,000 at the end of the most recent reporting period.

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

Waste Management Stock Up 1.1%

Shares of NYSE:WM opened at $220.00 on Thursday. The stock’s 50-day moving average price is $223.47 and its 200-day moving average price is $228.09. 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 $88.62 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 2.66 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last posted its 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. The company had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.Waste Management’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the firm earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

Analyst Ratings Changes

A number of research analysts recently commented on WM shares. Oppenheimer reduced their target price on Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a research note on Wednesday. UBS Group increased their target price on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. William Blair reissued an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $229.00 target price on shares of Waste Management in a research note on Thursday, June 26th. Finally, Raymond James Financial increased their target price on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $254.37.

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.