Waste Management, Inc. $WM Shares Acquired by Toth Financial Advisory Corp

Key Points

• Toth Financial Advisory Corp increased its holdings in Waste Management, Inc. by 12.1%, now owning 21,463 shares valued at $4.91 million.
• Wall Street analysts rate Waste Management with a consensus of "Moderate Buy" and a price target of $255.17, with several firms recently raising their targets.
• The company reported earnings of $1.92 per share and revenue of $6.43 billion for the last quarter, exceeding analyst expectations and reflecting a 19% year-over-year revenue growth.

Toth Financial Advisory Corp increased its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 12.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,463 shares of the business services provider's stock after purchasing an additional 2,324 shares during the period. Toth Financial Advisory Corp's holdings in Waste Management were worth $4,911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC boosted its position in shares of Waste Management by 2.1% during the second quarter. Park Avenue Securities LLC now owns 13,124 shares of the business services provider's stock worth $3,003,000 after acquiring an additional 266 shares during the last quarter. Avanza Fonder AB lifted its stake in Waste Management by 7.5% in the 2nd quarter. Avanza Fonder AB now owns 37,594 shares of the business services provider's stock worth $8,602,000 after purchasing an additional 2,621 shares in the last quarter. Annex Advisory Services LLC grew its position in shares of Waste Management by 985.4% during the second quarter. Annex Advisory Services LLC now owns 25,810 shares of the business services provider's stock valued at $5,906,000 after purchasing an additional 23,432 shares in the last quarter. Arthur M. Cohen & Associates LLC increased its holdings in shares of Waste Management by 12.8% in the second quarter. Arthur M. Cohen & Associates LLC now owns 3,695 shares of the business services provider's stock worth $845,000 after purchasing an additional 420 shares during the last quarter. Finally, Bond & Devick Financial Network Inc. lifted its position in shares of Waste Management by 41.7% in the second quarter. Bond & Devick Financial Network Inc. now owns 3,400 shares of the business services provider's stock worth $778,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 80.40% of the company's stock.

Waste Management Stock Up 0.2%

Shares of WM traded up $0.38 during trading hours on Tuesday, hitting $217.37. The company had a trading volume of 719,355 shares, compared to its average volume of 1,706,238. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The company has a market capitalization of $87.56 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The company's fifty day moving average price is $225.80 and its two-hundred day moving average price is $228.69.

Waste Management (NYSE:WM - Get Free Report) last announced its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping 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 business 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 company posted $1.82 earnings per share. The firm's revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. As a group, equities analysts forecast 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 will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.825 per share. 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 presently 48.96%.

Analyst Ratings Changes

WM has been the subject of a number of recent research reports. Barclays assumed coverage on shares of Waste Management in a report on Friday. They issued an "overweight" rating and a $272.00 target price for the company. Scotiabank lifted 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. Royal Bank Of Canada restated a "sector perform" rating and set a $229.00 target price on shares of Waste Management in a research report on Thursday, June 26th. UBS Group lifted their price target on Waste Management from $260.00 to $265.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, National Bank Financial upgraded Waste Management to a "hold" rating in a research report on Monday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $255.17.

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.