Pekin Hardy Strauss Inc. Has $1.25 Million Position in Waste Management, Inc. $WM

Pekin Hardy Strauss Inc. lowered its stake in shares of Waste Management, Inc. (NYSE:WM) by 5.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,472 shares of the business services provider’s stock after selling 290 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Waste Management were worth $1,252,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in shares of Waste Management by 30.4% during the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock worth $1,233,240,000 after buying an additional 1,239,996 shares during the period. Northern Trust Corp boosted its holdings in Waste Management by 1.8% during the first quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock valued at $941,709,000 after acquiring an additional 70,907 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Waste Management by 26.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock valued at $774,000,000 after acquiring an additional 709,557 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Waste Management by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock worth $570,108,000 after purchasing an additional 36,836 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Waste Management by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider’s stock worth $505,137,000 after purchasing an additional 29,715 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 1.1%

Shares of Waste Management stock opened at $201.87 on Friday. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58. The firm has a market capitalization of $81.33 billion, a PE ratio of 31.79, 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 current ratio of 0.84 and a quick ratio of 0.82. The company’s fifty day moving average price is $214.88 and its two-hundred day moving average price is $225.27.

Waste Management (NYSE:WM) last issued its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.03). The business 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 was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio is currently 51.97%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WM shares. Scotiabank dropped their price target on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, October 29th. Raymond James Financial boosted their target price on shares of Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Stifel Nicolaus cut their target price on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday, October 8th. Finally, UBS Group cut their price objective on shares of Waste Management from $240.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Three investment 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.