Clark Capital Management Group Inc. Grows Stock Position in Waste Management, Inc. $WM

Clark Capital Management Group Inc. grew its position in Waste Management, Inc. (NYSE:WM) by 39.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 356,164 shares of the business services provider’s stock after acquiring an additional 100,070 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Waste Management were worth $78,253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elevated Capital Advisors LLC purchased a new position in shares of Waste Management in the fourth quarter valued at approximately $25,000. Financial Network Wealth Advisors LLC lifted its position in shares of Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 47 shares in the last quarter. RHL Group LLC purchased a new position in shares of Waste Management in the fourth quarter valued at approximately $29,000. JPL Wealth Management LLC purchased a new position in shares of Waste Management in the third quarter valued at approximately $30,000. Finally, Kelleher Financial Advisors purchased a new position in shares of Waste Management in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

More Waste Management News

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

• Positive Sentiment: Commentary today reiterated that WM’s irreplaceable physical network supports predictable, inflation-protected cash flow, reinforcing the stock’s appeal as a long-term “forever” holding. Why This Once-in-a-Decade Selloff Makes One Waste Management Company a Forever Stock
• Positive Sentiment: WM also reinforced its brand and operational discipline by updating its Recycle Right® guidance to warn customers not to place batteries in recycling or trash bins, a move that highlights safety focus and could help reduce facility fire risk. WM Updates Recycle Right® Rules: No Batteries in Recycling or Trash
• Neutral Sentiment: Several items referenced capital-markets activity around Waste Management entities, including debt issuance in Canada, which may support financing flexibility but does not appear to be a major stock-moving catalyst for WM’s core U.S. operations. Waste Management eyes selling $750 million in bonds
• Negative Sentiment: WM shares have recently softened amid a broader selloff in industrials and a market session where the stock fell while the wider market rose, suggesting some near-term profit-taking or valuation pressure. Waste Management (WM) Stock Sinks As Market Gains: What You Should Know

Waste Management Price Performance

WM stock opened at $218.73 on Wednesday. The business has a fifty day moving average of $222.08 and a two-hundred day moving average of $224.79. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The stock has a market cap of $87.84 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 2.27 and a beta of 0.45. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share. As a group, research analysts anticipate that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.945 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is 54.70%.

Analyst Ratings Changes

A number of equities analysts recently commented on WM shares. JPMorgan Chase & Co. lifted their price objective on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. TD Cowen lifted their price objective on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their price objective on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Robert W. Baird lifted their price objective on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $255.30.

Waste Management Company Profile

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.