Solidarity Wealth LLC Has $833,000 Holdings in Waste Management, Inc. $WM

Solidarity Wealth LLC decreased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 24.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,639 shares of the business services provider’s stock after selling 1,200 shares during the quarter. Solidarity Wealth LLC’s holdings in Waste Management were worth $833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WM. Saudi Central Bank acquired a new position in shares of Waste Management during the 1st quarter worth about $37,000. GKV Capital Management Co. Inc. bought a new stake in Waste Management during the first quarter worth about $38,000. Loomis Sayles & Co. L P acquired a new position in Waste Management during the second quarter valued at approximately $40,000. Wealth Watch Advisors INC acquired a new position in shares of Waste Management during the 2nd quarter worth approximately $43,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Waste Management during the 1st quarter worth approximately $45,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Up 0.3%

Waste Management stock opened at $217.97 on Monday. The company’s 50-day moving average price is $212.41 and its two-hundred day moving average price is $223.21. 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 stock has a market cap of $87.81 billion, a P/E ratio of 34.33, a P/E/G ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58.

Waste Management (NYSE:WM) last posted its 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 firm 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 previous year, the company posted $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is currently 51.97%.

Analyst Ratings Changes

Several equities analysts recently weighed in on WM shares. Baird R W raised shares of Waste Management from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. UBS Group decreased 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Waste Management in a report on Tuesday, November 25th. JPMorgan Chase & Co. reduced their price target on Waste Management from $277.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, National Bankshares cut their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $248.68.

Insider Activity

In related news, SVP Rafael Carrasco sold 1,380 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the transaction, the senior vice president directly owned 15,540 shares in the company, valued at approximately $3,373,112.40. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

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.