Mitchell Capital Management Co. Sells 2,502 Shares of Waste Management, Inc. $WM

Mitchell Capital Management Co. lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 11.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,907 shares of the business services provider’s stock after selling 2,502 shares during the period. Mitchell Capital Management Co.’s holdings in Waste Management were worth $4,525,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. grew its position in Waste Management by 30.4% during the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock worth $1,233,240,000 after acquiring an additional 1,239,996 shares during the last quarter. Northern Trust Corp grew its position in shares of Waste Management by 1.8% in the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock valued at $941,709,000 after buying an additional 70,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 buying an additional 709,557 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Waste Management by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock valued at $570,108,000 after buying an additional 36,836 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Waste Management by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider’s stock valued at $505,137,000 after buying an additional 29,715 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.7%

Shares of NYSE:WM opened at $219.09 on Monday. The company has a market capitalization of $88.26 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 2.70 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’s 50-day moving average is $223.04 and its 200-day moving average is $227.96. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) 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 company had revenue of $6.43 billion for 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 firm’s revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.825 per share. 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 48.96%.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of analyst reports. Stifel Nicolaus initiated coverage on Waste Management in a research report on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price target on the stock. Oppenheimer reduced their price target on Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, October 8th. 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. Finally, BMO Capital Markets upped their price target on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research report on Wednesday, July 30th. Two investment 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’s stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.32.

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.