Gilpin Wealth Management LLC Buys Shares of 3,620 Waste Management, Inc. $WM

Gilpin Wealth Management LLC bought a new stake in shares of Waste Management, Inc. (NYSE:WM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,620 shares of the business services provider’s stock, valued at approximately $795,000.

A number of other large investors have also recently made changes to their positions in WM. Norges Bank bought a new stake in shares of Waste Management in the fourth quarter worth approximately $1,022,916,000. Capital International Investors grew its stake in shares of Waste Management by 218.3% in the third quarter. Capital International Investors now owns 1,369,805 shares of the business services provider’s stock worth $302,494,000 after acquiring an additional 939,455 shares during the period. Holocene Advisors LP grew its stake in shares of Waste Management by 163.7% in the third quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider’s stock worth $309,317,000 after acquiring an additional 869,453 shares during the period. Vanguard Group Inc. grew its stake in shares of Waste Management by 2.1% in the third quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock worth $8,487,924,000 after acquiring an additional 774,255 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in shares of Waste Management by 3,209.2% in the third quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock worth $150,466,000 after acquiring an additional 660,776 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Waste Management Price Performance

Shares of NYSE:WM opened at $224.47 on Thursday. 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 1-year low of $194.11 and a 1-year high of $248.13. The company has a market capitalization of $90.14 billion, a P/E ratio of 32.49, a P/E/G ratio of 2.31 and a beta of 0.45. The firm’s 50 day simple moving average is $223.23 and its two-hundred day simple moving average is $224.71.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts expect that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued 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 payout ratio is currently 54.70%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WM. TD Cowen lifted their price target on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, May 27th. Royal Bank Of Canada lifted their price target on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. 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. Finally, Wolfe Research assumed coverage on shares of Waste Management in a research report on Friday, March 13th. They set a “peer perform” rating for the company. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $255.30.

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.