Members Trust Co Purchases New Holdings in Waste Management, Inc. $WM

Members Trust Co purchased a new stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,240 shares of the business services provider's stock, valued at approximately $284,000.

A number of other large investors also recently bought and sold shares of the business. McAdam LLC lifted its position in Waste Management by 3.1% during the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider's stock valued at $343,000 after acquiring an additional 44 shares during the period. Syntegra Private Wealth Group LLC raised its holdings 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 worth $524,000 after buying an additional 44 shares during the last quarter. Stonebridge Financial Group LLC raised its holdings in Waste Management by 3.0% in the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider's stock worth $355,000 after buying an additional 45 shares during the last quarter. Formidable Asset Management LLC raised its holdings in Waste Management by 2.0% in the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider's stock worth $536,000 after buying an additional 45 shares during the last quarter. Finally, Harbour Trust & Investment Management Co raised its holdings in Waste Management by 1.1% in the second quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider's stock worth $943,000 after buying an additional 45 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Performance

Shares of WM stock opened at $214.73 on Wednesday. The company has a 50 day moving average price of $220.60 and a 200-day moving average price of $227.20. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The firm has a market capitalization of $86.50 billion, a PE ratio of 31.86, a P/E/G ratio of 2.65 and a beta of 0.64. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58.

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

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management's payout ratio is 48.96%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WM. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. Stifel Nicolaus began coverage on shares of Waste Management in a report on Tuesday, September 30th. They issued a "buy" rating and a $252.00 target price for the company. Raymond James Financial lifted 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Waste Management in a research note on Wednesday, October 8th. Finally, National Bankshares reduced their price target on shares of Waste Management from $250.00 to $243.00 and set a "sector perform" rating for the company in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $253.00.

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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