Members Trust Co Makes New Investment in Waste Management, Inc. $WM

Members Trust Co purchased a new position in Waste Management, Inc. (NYSE:WM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,240 shares of the business services provider’s stock, valued at approximately $284,000.

A number of other hedge funds have also modified their holdings of the company. Denali Advisors LLC boosted its position in shares of Waste Management by 31.2% in the second quarter. Denali Advisors LLC now owns 31,868 shares of the business services provider’s stock worth $7,292,000 after purchasing an additional 7,577 shares during the period. Brookstone Capital Management boosted its position in shares of Waste Management by 2.1% in the second quarter. Brookstone Capital Management now owns 30,881 shares of the business services provider’s stock worth $7,066,000 after purchasing an additional 641 shares during the period. Private Capital Advisors Inc. bought a new position in shares of Waste Management in the second quarter worth approximately $4,219,000. D.A. Davidson & CO. lifted its holdings in shares of Waste Management by 4.0% in the second quarter. D.A. Davidson & CO. now owns 88,130 shares of the business services provider’s stock worth $20,166,000 after buying an additional 3,378 shares in the last quarter. Finally, TLW Wealth Management LLC lifted its holdings in shares of Waste Management by 0.5% in the second quarter. TLW Wealth Management LLC now owns 59,407 shares of the business services provider’s stock worth $13,594,000 after buying an additional 280 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Waste Management Trading Down 0.3%

WM stock opened at $214.73 on Wednesday. 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, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The stock has a market capitalization of $86.50 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64. The firm’s fifty day simple moving average is $220.60 and its two-hundred day simple moving average is $227.20.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating 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 business had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter in the previous year, the business posted $1.82 earnings per share. The business’s revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

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

Analyst Upgrades and Downgrades

WM has been the topic of several research analyst reports. Raymond James Financial boosted their target price on shares of Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. UBS Group lowered their target price on shares of Waste Management from $265.00 to $240.00 and set a “neutral” rating on the stock in a report on Thursday, October 16th. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $253.00.

Waste Management Company 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.