Trillium Asset Management LLC Lowers Holdings in Waste Management, Inc. $WM

Trillium Asset Management LLC decreased its stake in Waste Management, Inc. (NYSE:WM) by 12.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,549 shares of the business services provider’s stock after selling 1,192 shares during the quarter. Trillium Asset Management LLC’s holdings in Waste Management were worth $1,956,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. RFG Bristol Wealth Advisors LLC boosted its position in Waste Management by 25.9% during the second quarter. RFG Bristol Wealth Advisors LLC now owns 6,353 shares of the business services provider’s stock worth $1,454,000 after purchasing an additional 1,306 shares in the last quarter. Simmons Bank boosted its position in Waste Management by 507.0% during the second quarter. Simmons Bank now owns 15,631 shares of the business services provider’s stock worth $3,577,000 after purchasing an additional 13,056 shares in the last quarter. Arrowroot Family Office LLC purchased a new position in Waste Management during the second quarter worth approximately $296,000. Crestwood Advisors Group LLC boosted its position in Waste Management by 12.5% during the second quarter. Crestwood Advisors Group LLC now owns 7,088 shares of the business services provider’s stock worth $1,622,000 after purchasing an additional 787 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its position in Waste Management by 2.6% during the second quarter. Cassaday & Co Wealth Management LLC now owns 2,353 shares of the business services provider’s stock worth $538,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

NYSE:WM opened at $200.78 on Thursday. Waste Management, Inc. has a one year low of $194.11 and a one year high of $242.58. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. The stock has a market cap of $80.89 billion, a PE ratio of 31.62, a P/E/G ratio of 2.51 and a beta of 0.62. The stock has a 50 day moving average price of $215.88 and a 200 day moving average price of $225.63.

Waste Management (NYSE:WM) last posted its quarterly earnings results 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 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WM. UBS Group lowered their price target on Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Oppenheimer restated an “outperform” rating and issued a $262.00 target price on shares of Waste Management in a research report on Wednesday, October 29th. National Bankshares decreased their target price on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, October 8th. Finally, Truist Financial set a $260.00 target price on Waste Management in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $248.44.

Waste Management 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.