Forvis Mazars Wealth Advisors LLC Has $1.92 Million Stake in Waste Management, Inc. $WM

Forvis Mazars Wealth Advisors LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,367 shares of the business services provider’s stock after purchasing an additional 171 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Waste Management were worth $1,915,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westend Capital Management LLC grew its stake 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 valued at $27,000 after acquiring an additional 66 shares in the last quarter. Saudi Central Bank bought a new stake in shares of Waste Management during the 1st quarter valued at approximately $37,000. GKV Capital Management Co. Inc. acquired a new position in Waste Management during the 1st quarter worth approximately $38,000. New Age Alpha Advisors LLC acquired a new stake in Waste Management in the first quarter valued at approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Waste Management by 381.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after buying an additional 160 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WM shares. Raymond James Financial raised their price objective on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Barclays cut their price target on Waste Management from $272.00 to $271.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Erste Group Bank downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Stifel Nicolaus started coverage on shares of Waste Management in a research report on Tuesday, September 30th. They set a “buy” rating and a $252.00 target price on the stock. Finally, Citigroup decreased their price target 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. Two investment 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $253.00.

Waste Management Stock Performance

Shares of WM stock opened at $215.59 on Monday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The business’s 50 day simple moving average is $221.39 and its 200 day simple moving average is $227.35. The stock has a market capitalization of $86.85 billion, a PE ratio of 31.99, a PEG ratio of 2.65 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the previous year, the company earned $1.82 EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given 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 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.