Sienna Gestion Increases Stock Holdings in Waste Management, Inc. $WM

Sienna Gestion lifted its position in Waste Management, Inc. (NYSE:WM) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,349 shares of the business services provider’s stock after buying an additional 3,338 shares during the quarter. Sienna Gestion’s holdings in Waste Management were worth $7,176,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Saudi Central Bank purchased a new stake in Waste Management in the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. purchased a new stake in Waste Management in the first quarter valued at approximately $38,000. Wealth Watch Advisors INC purchased a new stake in Waste Management in the second quarter valued at approximately $43,000. New Age Alpha Advisors LLC purchased a new position in shares of Waste Management during the first quarter worth approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Waste Management by 381.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after acquiring an additional 160 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WM has been the topic of several research reports. Royal Bank Of Canada decreased their price target on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Scotiabank decreased their price target on shares of Waste Management from $264.00 to $254.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, October 29th. National Bankshares decreased their price target on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 7th. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Finally, Cowen restated a “buy” rating on shares of Waste Management in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.44.

Waste Management Stock Up 0.0%

WM opened at $200.78 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 business has a 50 day simple moving average of $215.88 and a 200-day simple moving average of $225.63. The stock has a market capitalization of $80.89 billion, a P/E ratio of 31.62, a P/E/G ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.03). The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The business’s revenue for the quarter 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 analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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