CFO4Life Group LLC Sells 667 Shares of Waste Management, Inc. $WM

CFO4Life Group LLC reduced its stake in Waste Management, Inc. (NYSE:WM) by 2.4% during the 2nd quarter, Holdings Channel reports. The fund owned 26,689 shares of the business services provider’s stock after selling 667 shares during the period. Waste Management makes up about 1.0% of CFO4Life Group LLC’s investment portfolio, making the stock its 27th largest position. CFO4Life Group LLC’s holdings in Waste Management were worth $6,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. McAdam LLC increased its holdings in shares of Waste Management by 3.1% during the first quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock worth $343,000 after purchasing an additional 44 shares during the period. Syntegra Private Wealth Group LLC grew its position in Waste Management by 2.0% in the second quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock valued at $524,000 after acquiring an additional 44 shares during the last quarter. Formidable Asset Management LLC increased its position in Waste Management by 2.0% during the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock worth $536,000 after purchasing an additional 45 shares in the last quarter. Harbour Trust & Investment Management Co lifted its stake in shares of Waste Management by 1.1% in the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock valued at $943,000 after acquiring an additional 45 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Waste Management by 3.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock valued at $349,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

WM stock opened at $208.97 on Friday. 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 $84.19 billion, a PE ratio of 32.91, a P/E/G ratio of 2.51 and a beta of 0.62. The business has a 50 day moving average of $212.87 and a 200-day moving average of $224.42. 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 results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate 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 was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect 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 will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be 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 is Friday, December 5th. Waste Management’s dividend payout ratio (DPR) is 51.97%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 30th. Citigroup boosted their target price 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. Cowen reaffirmed a “buy” rating on shares of Waste Management in a research report on Wednesday, October 29th. Baird R W upgraded Waste Management from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Wells Fargo & Company initiated coverage on Waste Management in a research report on Friday. They set an “overweight” rating and a $238.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $248.25.

Waste Management Company 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.