Amalgamated Bank Sells 3,515 Shares of Waste Management, Inc. $WM

Amalgamated Bank lessened its stake in shares of Waste Management, Inc. (NYSE:WM) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,621 shares of the business services provider’s stock after selling 3,515 shares during the quarter. Amalgamated Bank’s holdings in Waste Management were worth $18,448,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WM. Valeo Financial Advisors LLC raised its position in Waste Management by 15,782.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock valued at $395,512,000 after purchasing an additional 1,717,603 shares during the last quarter. Nuveen LLC bought a new position in Waste Management in the 1st quarter valued at $333,089,000. Ameriprise Financial Inc. raised its position in Waste Management by 30.4% in 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 purchasing an additional 1,239,996 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in 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 purchasing an additional 709,557 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in Waste Management by 738.2% in the 1st 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 last quarter. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WM shares. Citigroup boosted their target price on Waste Management from $268.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets lifted their price objective on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, October 8th. Barclays lowered their price objective on Waste Management from $271.00 to $266.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Scotiabank dropped their price objective on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $248.95.

Waste Management Stock Down 3.3%

WM stock opened at $197.52 on Thursday. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82. The stock has a market capitalization of $79.57 billion, a P/E ratio of 31.11, a P/E/G ratio of 2.52 and a beta of 0.64. The business has a 50-day moving average of $218.54 and a 200-day moving average of $226.72. Waste Management, Inc. has a fifty-two week low of $197.02 and a fifty-two week high of $242.58.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio is presently 51.97%.

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.