Integrity Alliance LLC. Reduces Stock Position in Waste Management, Inc. $WM

Integrity Alliance LLC. lessened its stake in shares of Waste Management, Inc. (NYSE:WM) by 49.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,966 shares of the business services provider’s stock after selling 6,747 shares during the quarter. Integrity Alliance LLC.’s holdings in Waste Management were worth $1,594,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WM. Saudi Central Bank bought a new position in shares of Waste Management in the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. bought a new position in shares of Waste Management in the 1st quarter worth approximately $38,000. Wealth Watch Advisors INC bought a new position in shares of Waste Management in the 2nd quarter worth approximately $43,000. New Age Alpha Advisors LLC bought a new position in shares of Waste Management in the 1st quarter worth approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Waste Management by 381.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after purchasing an additional 160 shares during the period. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Down 0.3%

Shares of WM opened at $200.03 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82. Waste Management, Inc. has a 1 year low of $197.02 and a 1 year high of $242.58. The company has a 50 day simple moving average of $217.43 and a two-hundred day simple moving average of $226.32. The firm has a market cap of $80.58 billion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 2.51 and a beta of 0.64.

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

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is 51.97%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WM. Truist Financial set a $260.00 price objective on shares of Waste Management in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Waste Management from $277.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday. CIBC reduced their target price on shares of Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday. UBS Group reduced their target price on shares of Waste Management from $240.00 to $225.00 and set a “neutral” rating for the company in a report on Friday. Finally, National Bankshares reduced their target price on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $248.61.

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.