Signal Advisors Wealth LLC Has $1.10 Million Holdings in Waste Management, Inc. $WM

Signal Advisors Wealth LLC lessened its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 24.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,823 shares of the business services provider's stock after selling 1,558 shares during the quarter. Signal Advisors Wealth LLC's holdings in Waste Management were worth $1,104,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WM. Westend Capital Management LLC lifted its position in shares of Waste Management by 126.9% in the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock worth $27,000 after purchasing an additional 66 shares in the last quarter. West Branch Capital LLC lifted its position in shares of Waste Management by 69.0% in the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock worth $28,000 after purchasing an additional 49 shares in the last quarter. Saudi Central Bank bought a new stake in shares of Waste Management in the first quarter worth $37,000. GKV Capital Management Co. Inc. bought a new stake in shares of Waste Management in the first quarter worth $38,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Waste Management in the first quarter worth $45,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Price Performance

NYSE:WM opened at $215.88 on Friday. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The company has a market cap of $86.96 billion, a P/E ratio of 32.03, a P/E/G ratio of 2.64 and a beta of 0.64. The firm's fifty day moving average price is $226.23 and its two-hundred day moving average price is $228.86. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the previous year, the company earned $1.82 earnings per share. The company's quarterly revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Equities 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 declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.825 dividend. The ex-dividend date is Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management's dividend payout ratio is 48.96%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Raymond James Financial boosted their price objective on shares of Waste Management from $255.00 to $256.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. William Blair reaffirmed an "outperform" rating on shares of Waste Management in a research report on Tuesday, July 29th. Citigroup dropped their price target on shares of Waste Management from $275.00 to $268.00 and set a "buy" rating on the stock in a research report on Tuesday. Scotiabank upped their price target on shares of Waste Management from $265.00 to $275.00 and gave the stock a "sector outperform" rating in a research report on Thursday, July 31st. Finally, National Bank Financial raised shares of Waste Management to a "hold" rating in a research report on Monday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $254.18.

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.

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.