Waste Management, Inc. $WM Stock Holdings Lessened by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB reduced its holdings in Waste Management, Inc. by 2.4%, now owning 51,567 shares valued at approximately $11.8 million.
• Analyst ratings for Waste Management show a consensus rating of "Moderate Buy" with a consensus price target of $254.35, after several firms raised their price objectives.
• The company recently reported earnings of $1.92 per share, exceeding analysts' expectations, and announced a quarterly dividend of $0.825, equating to an annual yield of 1.5%.

MassMutual Private Wealth & Trust FSB cut its position in Waste Management, Inc. (NYSE:WM - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,567 shares of the business services provider's stock after selling 1,248 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Waste Management were worth $11,800,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WM. Westend Capital Management LLC lifted its position in Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock valued at $27,000 after purchasing an additional 66 shares during the last quarter. West Branch Capital LLC lifted its position in Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock valued at $28,000 after purchasing an additional 49 shares during the last quarter. Saudi Central Bank bought a new stake in Waste Management in the 1st quarter valued at about $37,000. GKV Capital Management Co. Inc. bought a new stake in Waste Management in the 1st quarter valued at about $38,000. Finally, Adalta Capital Management LLC bought a new stake in Waste Management in the 4th quarter valued at about $40,000. 80.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WM has been the topic of several recent research reports. Scotiabank lifted their price objective on shares of Waste Management from $265.00 to $275.00 and gave the company a "sector outperform" rating in a research report on Thursday, July 31st. CIBC boosted their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. upgraded shares of Waste Management from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $225.00 to $277.00 in a research report on Friday, May 23rd. BMO Capital Markets boosted their price target on shares of Waste Management from $245.00 to $248.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 30th. Finally, Melius Research upgraded shares of Waste Management to a "strong-buy" rating and set a $263.00 price target on the stock in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $254.35.

Waste Management Stock Performance

Shares of WM opened at $216.15 on Tuesday. The firm's 50 day moving average is $226.85 and its 200-day moving average is $229.18. The stock has a market capitalization of $87.07 billion, a P/E ratio of 32.07, a P/E/G ratio of 2.68 and a beta of 0.64. 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, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business's revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

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 annualized dividend and a dividend yield of 1.5%. Waste Management's payout ratio is currently 48.96%.

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.

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