TIAA Trust National Association Sells 1,116 Shares of Waste Management, Inc. $WM

TIAA Trust National Association trimmed its position in Waste Management, Inc. (NYSE:WM) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,075 shares of the business services provider’s stock after selling 1,116 shares during the quarter. TIAA Trust National Association’s holdings in Waste Management were worth $4,365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealthfront Advisers LLC increased its position in Waste Management by 3.1% in the 2nd quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock valued at $13,064,000 after buying an additional 1,698 shares in the last quarter. GPM Growth Investors Inc. increased its holdings in shares of Waste Management by 50.6% during the second quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock valued at $3,808,000 after acquiring an additional 5,588 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Zevenbergen Capital Investments LLC increased its stake in Waste Management by 30.4% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock valued at $2,158,000 after purchasing an additional 2,200 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Waste Management in the second quarter valued at approximately $6,865,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $196.63 on Tuesday. The company’s 50 day moving average is $216.88 and its 200-day moving average is $226.02. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The firm has a market cap of $79.22 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 2.51 and a beta of 0.64.

Waste Management (NYSE:WM) last released 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). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.51 billion. During the same period last year, the business posted $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. Sell-side analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on WM shares. Cowen reiterated a “buy” rating on shares of Waste Management in a report on Wednesday, October 29th. Citigroup raised their price target on shares of Waste Management from $268.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. National Bankshares reduced their price objective on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. UBS Group dropped their target price 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, Truist Financial set a $260.00 target price on Waste Management in a report on Wednesday, October 29th. Two 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 stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $248.61.

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.