Bank of Montreal Can Has $337.51 Million Position in Waste Management, Inc. $WM

Bank of Montreal Can decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 6.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,475,013 shares of the business services provider’s stock after selling 104,051 shares during the quarter. Bank of Montreal Can’s holdings in Waste Management were worth $337,512,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Saudi Central Bank bought a new position in Waste Management in the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. acquired a new position in shares of Waste Management in the 1st quarter valued at $38,000. Wealth Watch Advisors INC bought a new position in shares of Waste Management in the 2nd quarter worth $43,000. New Age Alpha Advisors LLC acquired a new stake in shares of Waste Management during the first quarter worth $45,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Waste Management by 381.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WM. Erste Group Bank cut Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. CIBC reduced their price objective on shares of Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Royal Bank Of Canada lowered their target price on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. UBS Group reduced their price target on shares of Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Cowen reissued a “buy” rating on shares of Waste Management in a report on Wednesday. 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. Based on data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus target price of $248.61.

Waste Management Stock Down 0.3%

Waste Management stock opened at $200.03 on Monday. The company has a 50 day moving average of $217.43 and a 200-day moving average of $226.26. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. Waste Management, Inc. has a twelve month low of $197.02 and a twelve month high of $242.58. The stock has a market capitalization of $80.58 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 2.51 and a beta of 0.64.

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

Waste Management Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is presently 51.97%.

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.