First Fiduciary Investment Counsel Inc. Acquires 365 Shares of Waste Management, Inc. $WM

First Fiduciary Investment Counsel Inc. raised its holdings in Waste Management, Inc. (NYSE:WM) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,882 shares of the business services provider’s stock after acquiring an additional 365 shares during the period. Waste Management comprises 2.7% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 13th biggest holding. First Fiduciary Investment Counsel Inc.’s holdings in Waste Management were worth $13,702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WM. Westend Capital Management LLC grew its holdings in shares of Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after purchasing an additional 66 shares during the last quarter. West Branch Capital LLC lifted its stake 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 acquiring an additional 49 shares during the period. Saudi Central Bank acquired a new position in shares of Waste Management in the first quarter worth approximately $37,000. GKV Capital Management Co. Inc. acquired a new position in shares of Waste Management in the first quarter worth approximately $38,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Waste Management in the first quarter worth approximately $45,000. Institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

WM has been the topic of a number of recent analyst reports. Barclays cut their price objective on Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a research note on Thursday. Raymond James Financial boosted their price target on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Scotiabank boosted their price target on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 31st. National Bankshares dropped their price target on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Finally, UBS Group boosted their price target on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Two 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, the company presently has an average rating of “Moderate Buy” and an average target price of $254.32.

Waste Management Trading Up 0.7%

NYSE WM opened at $219.09 on Friday. The firm has a market capitalization of $88.26 billion, a P/E ratio of 32.51, a PEG ratio of 2.68 and a beta of 0.64. The business has a fifty day simple moving average of $223.04 and a 200 day simple moving average of $227.98. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. 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 released its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The business had revenue of $6.43 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. On average, analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

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

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.