RFG Bristol Wealth Advisors LLC Has $1.45 Million Position in Waste Management, Inc. $WM

RFG Bristol Wealth Advisors LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 25.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,353 shares of the business services provider’s stock after acquiring an additional 1,306 shares during the period. RFG Bristol Wealth Advisors LLC’s holdings in Waste Management were worth $1,454,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in WM. Saudi Central Bank acquired a new stake in Waste Management during the first quarter worth approximately $37,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Waste Management during the 1st quarter worth approximately $38,000. Wealth Watch Advisors INC acquired a new stake in shares of Waste Management during the 2nd quarter worth approximately $43,000. New Age Alpha Advisors LLC acquired a new stake in shares of Waste Management during the 1st quarter worth approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd grew 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 worth $47,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Robert W. Baird upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $238.00 to $242.00 in a report on Tuesday. Royal Bank Of Canada reduced their target price on 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. Raymond James Financial raised their target price on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Oppenheimer reissued an “outperform” rating and issued a $262.00 price objective on shares of Waste Management in a research note on Wednesday, October 29th. Finally, UBS Group reduced their price objective on Waste Management from $240.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $248.44.

Waste Management Price Performance

WM stock opened at $200.48 on Wednesday. The company has a market capitalization of $80.77 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58. The business has a 50-day simple moving average of $216.38 and a two-hundred day simple moving average of $225.80.

Waste Management (NYSE:WM) last released its quarterly earnings results 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). The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. Waste Management’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. Research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company 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 payout ratio is currently 51.97%.

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.