Generali Asset Management SPA SGR Sells 16,076 Shares of Waste Management, Inc. $WM

Generali Asset Management SPA SGR decreased its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 65.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,307 shares of the business services provider's stock after selling 16,076 shares during the period. Generali Asset Management SPA SGR's holdings in Waste Management were worth $1,901,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Zevenbergen Capital Investments LLC grew its holdings in shares of Waste Management by 30.4% in the 2nd quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider's stock valued at $2,158,000 after acquiring an additional 2,200 shares in the last quarter. Brighton Jones LLC grew its holdings in Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock worth $1,384,000 after purchasing an additional 2,320 shares during the period. Empowered Funds LLC grew its holdings in Waste Management by 82.9% during the first quarter. Empowered Funds LLC now owns 22,670 shares of the business services provider's stock worth $5,248,000 after purchasing an additional 10,272 shares during the period. BROOKFIELD Corp ON grew its holdings in Waste Management by 25.1% during the first quarter. BROOKFIELD Corp ON now owns 20,135 shares of the business services provider's stock worth $4,661,000 after purchasing an additional 4,043 shares during the period. Finally, Czech National Bank grew its holdings in Waste Management by 6.7% during the second quarter. Czech National Bank now owns 89,510 shares of the business services provider's stock worth $20,482,000 after purchasing an additional 5,620 shares during the period. Institutional investors own 80.40% of the company's stock.

Waste Management Stock Down 0.3%

NYSE WM opened at $212.99 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The company has a 50 day moving average of $221.79 and a 200-day moving average of $227.59. The company has a market cap of $85.80 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 2.63 and a beta of 0.64.

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

Waste Management Dividend Announcement

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

Wall Street Analyst Weigh In

WM has been the subject of a number of research analyst reports. CIBC lifted their price target on Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. Raymond James Financial lifted their price target on Waste Management from $255.00 to $256.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Scotiabank boosted their price objective on Waste Management from $265.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Thursday, July 31st. Citigroup reduced their price objective on Waste Management from $275.00 to $268.00 and set a "buy" rating for the company in a report on Tuesday, September 16th. Finally, Oppenheimer reduced their price objective on Waste Management from $265.00 to $262.00 and set an "outperform" rating for the company in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, Waste Management has an average rating of "Moderate Buy" and a consensus price target of $253.00.

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.

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