Stiles Financial Services Inc Has $1.44 Million Position in Waste Management, Inc. $WM

Stiles Financial Services Inc lowered its position in Waste Management, Inc. (NYSE:WM) by 6.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,302 shares of the business services provider’s stock after selling 433 shares during the quarter. Stiles Financial Services Inc’s holdings in Waste Management were worth $1,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. McKinley Carter Wealth Services Inc. increased its stake in shares of Waste Management by 4.2% in the second quarter. McKinley Carter Wealth Services Inc. now owns 45,391 shares of the business services provider’s stock valued at $10,386,000 after buying an additional 1,811 shares during the period. Coordinated Financial Services Inc. acquired a new stake in Waste Management during the 2nd quarter valued at approximately $306,000. Moseley Investment Management Inc. increased its position in Waste Management by 238.7% during the 2nd quarter. Moseley Investment Management Inc. now owns 4,779 shares of the business services provider’s stock valued at $1,094,000 after purchasing an additional 3,368 shares during the period. Callan Family Office LLC increased its position in Waste Management by 205.0% during the 2nd quarter. Callan Family Office LLC now owns 16,196 shares of the business services provider’s stock valued at $3,706,000 after purchasing an additional 10,886 shares during the period. Finally, Blair William & Co. IL increased its position in Waste Management by 32.9% during the 2nd quarter. Blair William & Co. IL now owns 403,716 shares of the business services provider’s stock valued at $92,378,000 after purchasing an additional 99,943 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of recent analyst reports. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a research report on Wednesday. Barclays decreased their target price on shares of Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a research report on Thursday. Citigroup decreased their target price on shares of Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Finally, Raymond James Financial increased their target price on shares of Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research report 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.32.

Waste Management Price Performance

Shares of NYSE:WM opened at $217.56 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The stock’s fifty day simple moving average is $223.24 and its two-hundred day simple moving average is $228.03. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The stock has a market cap of $87.64 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 2.71 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $6.37 billion. During the same period last year, the business earned $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, analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

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