ABN Amro Investment Solutions Cuts Position in Waste Management, Inc. $WM

ABN Amro Investment Solutions trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 7.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 368,455 shares of the business services provider’s stock after selling 30,868 shares during the quarter. Waste Management accounts for about 1.1% of ABN Amro Investment Solutions’ investment portfolio, making the stock its 14th largest holding. ABN Amro Investment Solutions’ holdings in Waste Management were worth $84,667,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WM. Elevated Capital Advisors LLC acquired a new position in shares of Waste Management during the fourth quarter worth $25,000. RHL Group LLC acquired a new stake in Waste Management during the 4th quarter valued at $29,000. Financial Network Wealth Advisors LLC increased its stake in Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after buying an additional 47 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in Waste Management in the 4th quarter worth $29,000. Finally, JPL Wealth Management LLC purchased a new position in Waste Management in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on WM shares. Wells Fargo & Company dropped their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Oppenheimer lowered their price objective on Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Scotiabank upped their target price on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, July 16th. Canadian Imperial Bank of Commerce upgraded Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price for the company in a research note on Tuesday, July 7th. Finally, Weiss Ratings lowered shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Fifteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $256.74.

Waste Management Stock Performance

Waste Management stock opened at $232.94 on Wednesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The company has a fifty day moving average price of $223.01 and a two-hundred day moving average price of $226.74. The company has a market cap of $93.55 billion, a PE ratio of 33.71, a P/E/G ratio of 2.91 and a beta of 0.44.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company had revenue of $6.23 billion during the quarter, compared to analyst estimates 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. Research analysts expect that Waste Management, Inc. will post 8.16 earnings per share for the current year.

Waste Management Dividend Announcement

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

Key Stories Impacting Waste Management

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

• Positive Sentiment: Seeking Alpha says Waste Management remains a defensive holding with a positive outlook, which may support investor confidence in the stock’s long-term stability. Waste Management: Positive Outlook As Defensive Anchor Remains
• Neutral Sentiment: Analysts are expecting earnings growth from Waste Management, but current setup suggests the company may not have the ideal ingredients for an earnings beat in the upcoming report. Waste Management (WM) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: Another earnings preview noted that Waste Management is expected to post higher profits, but revenue and beat expectations remain uncertain, keeping sentiment mixed ahead of results. Waste Management (WM) Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: MarketBeat and Zacks both highlighted that WM fell as the broader market advanced, suggesting recent weakness may reflect profit-taking or relative underperformance rather than a company-specific catalyst. Waste Management (WM) Stock Sinks As Market Gains: What You Should Know
• Negative Sentiment: Waste Management also announced it will end service in a Centre County township, a local operational change that may be viewed negatively by some investors, though the financial impact appears limited. Waste Management to end service in a Centre County township

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.