Waste Management, Inc. $WM Shares Purchased by Focus Partners Wealth

Focus Partners Wealth increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 114.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 412,561 shares of the business services provider’s stock after acquiring an additional 220,262 shares during the period. Focus Partners Wealth owned about 0.10% of Waste Management worth $90,644,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WM. Brighton Jones LLC grew its holdings in Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after purchasing an additional 2,320 shares during the period. Sprott Inc. acquired a new stake in Waste Management in the first quarter valued at approximately $325,000. Sei Investments Co. grew its holdings in Waste Management by 8.0% in the second quarter. Sei Investments Co. now owns 272,438 shares of the business services provider’s stock valued at $62,339,000 after purchasing an additional 20,122 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Waste Management by 68.2% in the second quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider’s stock valued at $83,843,000 after purchasing an additional 148,590 shares during the period. Finally, Glenview Trust co grew its holdings in Waste Management by 5.1% in the second quarter. Glenview Trust co now owns 3,338 shares of the business services provider’s stock valued at $764,000 after purchasing an additional 162 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Price Performance

NYSE:WM opened at $219.12 on Monday. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. 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 company has a market capitalization of $87.99 billion, a P/E ratio of 31.71, a P/E/G ratio of 2.29 and a beta of 0.45. The stock’s fifty day moving average is $222.77 and its two-hundred day moving average is $224.77.

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 analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts expect that Waste Management, Inc. will post 8.15 EPS 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 given a $0.945 dividend. The ex-dividend date is Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. Waste Management’s payout ratio is currently 54.70%.

Wall Street Analyst Weigh In

Several analysts have commented on WM shares. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. TD Cowen raised their price objective on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays lifted their price target on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Royal Bank Of Canada lifted their price target on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. lifted their price target on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Waste Management 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.