Aull & Monroe Investment Management Corp Sells 2,334 Shares of Waste Management, Inc. $WM

Key Points

• Aull & Monroe Investment Management Corp reduced its stake in Waste Management, Inc. by 14.6%, after selling 2,334 shares, now holding 13,663 shares valued at approximately $3.126 million.
• Wall Street analysts maintain a generally positive outlook on Waste Management, with recent price target upgrades from Scotiabank and CIBC, reflecting an average target price of $253.00 and an overall rating of "Moderate Buy."
• Waste Management reported a strong quarterly earnings performance, achieving $1.92 EPS against estimates of $1.89, and a revenue of $6.43 billion, marking a 19.0% year-over-year increase.

Aull & Monroe Investment Management Corp lowered its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 14.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,663 shares of the business services provider's stock after selling 2,334 shares during the period. Waste Management makes up approximately 1.7% of Aull & Monroe Investment Management Corp's holdings, making the stock its 19th biggest position. Aull & Monroe Investment Management Corp's holdings in Waste Management were worth $3,126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WM. Brighton Jones LLC lifted its stake in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock valued at $1,384,000 after acquiring an additional 2,320 shares during the period. Sprott Inc. bought a new position in shares of Waste Management in the 1st quarter worth approximately $325,000. GAMMA Investing LLC lifted its stake in shares of Waste Management by 13.1% in the 1st quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider's stock worth $1,909,000 after purchasing an additional 958 shares during the period. Premier Path Wealth Partners LLC lifted its stake in shares of Waste Management by 5.2% in the 1st quarter. Premier Path Wealth Partners LLC now owns 1,071 shares of the business services provider's stock worth $248,000 after purchasing an additional 53 shares during the period. Finally, ORG Partners LLC lifted its stake in shares of Waste Management by 9.3% in the 1st quarter. ORG Partners LLC now owns 680 shares of the business services provider's stock worth $159,000 after purchasing an additional 58 shares during the period. Institutional investors own 80.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Scotiabank increased their price objective on shares of Waste Management from $265.00 to $275.00 and gave the stock a "sector outperform" rating in a research note on Thursday, July 31st. Weiss Ratings reiterated a "buy (b)" rating on shares of Waste Management in a research note on Wednesday, October 8th. CIBC increased their price objective on shares of Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, June 26th. Raymond James Financial increased their target price on shares of Waste Management from $255.00 to $256.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Finally, Erste Group Bank lowered shares of Waste Management from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $253.00.

Waste Management Stock Up 1.1%

Shares of WM opened at $215.59 on Friday. The company has a market cap of $86.85 billion, a PE ratio of 31.99, a P/E/G ratio of 2.65 and a beta of 0.64. The business has a fifty day moving average of $221.39 and a 200 day moving average of $227.42. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.03. The company had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.Waste Management's revenue was up 19.0% on a year-over-year basis. During the same period last year, the company earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.825 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management's dividend payout ratio (DPR) is currently 48.96%.

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.

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