Waste Management, Inc. $WM Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Waste Management, Inc. by 74.4%, selling 39,886 shares during the second quarter, and now holds 13,721 shares valued at approximately $3.14 million.
• Waste Management reported a Q2 EPS of $1.92, exceeding analyst estimates, and experienced a 19% year-over-year revenue growth, totaling $6.43 billion.
• The company has a current dividend yield of 1.5%, with a quarterly payment of $0.825 per share and a payout ratio of about 48.96%.

Atria Wealth Solutions Inc. cut its position in Waste Management, Inc. (NYSE:WM - Free Report) by 74.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,721 shares of the business services provider's stock after selling 39,886 shares during the period. Atria Wealth Solutions Inc.'s holdings in Waste Management were worth $3,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WM. Brighton Jones LLC boosted its stake 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 buying an additional 2,320 shares during the last quarter. Sprott Inc. acquired a new position in Waste Management during the first quarter worth $325,000. GAMMA Investing LLC boosted its stake in Waste Management by 13.1% during the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider's stock worth $1,909,000 after buying an additional 958 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Waste Management by 4.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 592,229 shares of the business services provider's stock worth $137,108,000 after buying an additional 24,023 shares during the last quarter. Finally, Keystone Wealth Services LLC acquired a new position in Waste Management during the first quarter worth $291,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Price Performance

WM opened at $218.09 on Wednesday. The stock's 50-day moving average price is $222.54 and its 200 day moving average price is $227.82. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58. 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 firm has a market cap of $87.85 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 2.67 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last posted its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter in the prior year, the company earned $1.82 EPS. Waste Management'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, sell-side analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on WM shares. Weiss Ratings reissued a "buy (b)" rating on shares of Waste Management in a research note on Wednesday, October 8th. Erste Group Bank cut Waste Management from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Stifel Nicolaus started coverage on Waste Management in a report on Tuesday, September 30th. They set a "buy" rating and a $252.00 price target for the company. Oppenheimer lowered their price target on Waste Management from $265.00 to $262.00 and set an "outperform" rating for the company in a report on Wednesday, October 8th. Finally, Citigroup lowered their price target on Waste Management from $275.00 to $268.00 and set a "buy" rating for the company in a report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Waste Management has a consensus rating of "Moderate Buy" and a consensus price target of $254.32.

About Waste Management

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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