Curated Wealth Partners LLC Lowers Stock Position in Waste Management, Inc. $WM

Curated Wealth Partners LLC lessened its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,147 shares of the business services provider’s stock after selling 52 shares during the quarter. Curated Wealth Partners LLC’s holdings in Waste Management were worth $949,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in WM. Valeo Financial Advisors LLC boosted its position in shares of Waste Management by 15,782.4% during the second quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock worth $395,512,000 after buying an additional 1,717,603 shares during the period. Nuveen LLC purchased a new position in Waste Management during the 1st quarter valued at about $333,089,000. Ameriprise Financial Inc. boosted its holdings 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 valued at $1,233,240,000 after acquiring an additional 1,239,996 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Waste Management by 26.9% during 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 acquiring an additional 709,557 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Waste Management by 738.2% in the first quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock valued at $175,766,000 after purchasing an additional 668,637 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

WM stock opened at $218.09 on Wednesday. The business has a 50 day moving average price of $222.54 and a 200 day moving average price of $227.82. The stock has a market cap of $87.85 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 2.67 and a beta of 0.64. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two 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.

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, topping the consensus estimate of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the previous year, the firm earned $1.82 EPS. The company’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 anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s payout ratio is presently 48.96%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WM shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a research note on Thursday, June 26th. Erste Group Bank cut shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Raymond James Financial lifted their target price on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. National Bankshares decreased their target price on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. Finally, Barclays decreased their price objective on Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.