Silver Oak Securities Incorporated Trims Stock Position in Waste Management, Inc. $WM

Key Points

• Silver Oak Securities Incorporated reduced its stake in Waste Management, Inc. by 30.0%, selling 2,593 shares during the second quarter, leaving them with 6,057 shares valued at approximately $1.39 million.
• Waste Management reported quarterly earnings of $1.92 EPS, exceeding estimates, with revenue of $6.43 billion, up 19.0% year-over-year.
• The company declared a quarterly dividend of $0.825 per share, representing an annualized yield of 1.5%, payable on September 26th.

Silver Oak Securities Incorporated decreased its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 30.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,057 shares of the business services provider's stock after selling 2,593 shares during the period. Silver Oak Securities Incorporated's holdings in Waste Management were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Ascent Group LLC grew its stake in shares of Waste Management by 0.6% during the 4th quarter. Ascent Group LLC now owns 7,534 shares of the business services provider's stock worth $1,520,000 after purchasing an additional 44 shares during the period. Insight Wealth Strategies LLC increased its holdings in shares of Waste Management by 0.4% in the 1st quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider's stock valued at $2,698,000 after acquiring an additional 44 shares during the period. McAdam LLC raised its position in Waste Management by 3.1% in the first quarter. McAdam LLC now owns 1,482 shares of the business services provider's stock worth $343,000 after acquiring an additional 44 shares in the last quarter. Stonebridge Financial Group LLC boosted its stake in shares of Waste Management by 3.0% during the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider's stock valued at $355,000 after acquiring an additional 45 shares during the last quarter. Finally, Formidable Asset Management LLC lifted its stake in shares of Waste Management by 2.0% in the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider's stock valued at $536,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 80.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WM shares. Melius started coverage on Waste Management in a research report on Monday, June 9th. They set a "buy" rating on the stock. William Blair reiterated an "outperform" rating on shares of Waste Management in a report on Tuesday, July 29th. Raymond James Financial boosted their price objective on Waste Management from $255.00 to $256.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. National Bank Financial raised shares of Waste Management to a "hold" rating in a research report on Monday, May 26th. Finally, Erste Group Bank lowered shares of Waste Management from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $255.17.

Waste Management Stock Up 0.3%

Shares of WM stock traded up $0.74 on Friday, hitting $216.66. 2,835,145 shares of the stock were exchanged, compared to its average volume of 1,493,238. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58. The firm has a market capitalization of $87.28 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64. The business has a 50-day moving average of $226.04 and a 200 day moving average of $228.78. 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 (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 for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.37 billion. During the same quarter in the prior year, the firm posted $1.82 earnings per share. The business'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 anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. Waste Management's dividend payout ratio is 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.