Sei Investments Co. Reduces Position in Waste Management, Inc. $WM

Sei Investments Co. trimmed its position in Waste Management, Inc. (NYSE:WM) by 12.4% during the first quarter, Holdings Channel.com reports. The firm owned 272,946 shares of the business services provider’s stock after selling 38,726 shares during the period. Sei Investments Co.’s holdings in Waste Management were worth $62,722,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Waste Management by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock valued at $8,566,508,000 after buying an additional 553,605 shares in the last quarter. State Street Corp lifted its holdings in Waste Management by 1.6% during the 4th quarter. State Street Corp now owns 17,390,748 shares of the business services provider’s stock worth $3,820,921,000 after buying an additional 281,456 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Waste Management by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock worth $1,972,371,000 after acquiring an additional 117,476 shares in the last quarter. Norges Bank purchased a new position in shares of Waste Management in the 4th quarter valued at about $1,022,916,000. Finally, Northern Trust Corp raised its position in shares of Waste Management by 0.3% during the 3rd quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock worth $873,276,000 after acquiring an additional 11,688 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WM shares. JPMorgan Chase & Co. upped their price target on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Citigroup raised their price objective on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Wells Fargo & Company lowered their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Canadian Imperial Bank of Commerce raised shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price on the stock in a research report on Tuesday, July 7th. Finally, Robert W. Baird lifted their price target on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $256.74.

Waste Management Trading Up 0.7%

Shares of Waste Management stock opened at $238.86 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market capitalization of $95.92 billion, a P/E ratio of 34.57, a PEG ratio of 2.90 and a beta of 0.44. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The company’s fifty day moving average is $224.17 and its two-hundred day moving average is $227.08.

Waste Management (NYSE:WM) last announced its earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. Analysts forecast that Waste Management, Inc. will post 8.16 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a dividend of $0.945 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio is currently 54.70%.

Key Headlines Impacting Waste Management

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Analysts expect WM to report higher revenue and earnings, supported by stronger collection and disposal pricing plus a sharp increase in renewable energy sales. WM Is Set to Report Q2 Earnings: Here’s What Investors Should Know
• Positive Sentiment: WM was highlighted as a stock that can benefit from inflation because its contracts allow it to pass rising costs through to customers, which supports margins and earnings resilience. 2 Stocks Built to Thrive If Inflation Refuses to Fade
• Positive Sentiment: The company was also cited as one of several waste firms using AI to improve efficiency and expand margins, reinforcing the long-term growth narrative. 3 Waste Stocks Turning AI Investments Into Growth
• Neutral Sentiment: Several articles published ahead of earnings focused on Wall Street estimates and key operating metrics, suggesting investors are mainly waiting for the actual Q2 report before making a bigger move. Curious about Waste Management (WM) Q2 Performance? Explore Wall Street Estimates for Key Metrics
• Neutral Sentiment: One broad S&P 500 article mentioned WM among companies worth investigating, but it did not provide a specific new catalyst for the stock. 1 S&P 500 Stock Worth Investigating and 2 Facing Challenges

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.