40,834 Shares in Waste Management, Inc. $WM Bought by OP Asset Management Ltd

OP Asset Management Ltd bought a new position in shares of Waste Management, Inc. (NYSE:WM) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 40,834 shares of the business services provider’s stock, valued at approximately $9,383,000.

A number of other institutional investors have also added to or reduced their stakes in the business. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in Waste Management in the 4th quarter worth $10,206,000. Capital Advisors Inc. OK boosted its position in Waste Management by 2.0% during the fourth quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock valued at $43,192,000 after buying an additional 3,880 shares during the period. Central Bank & Trust Co. grew its stake in shares of Waste Management by 333.1% during the fourth quarter. Central Bank & Trust Co. now owns 8,442 shares of the business services provider’s stock valued at $1,855,000 after buying an additional 6,493 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Waste Management by 15.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 793,346 shares of the business services provider’s stock worth $173,774,000 after buying an additional 104,843 shares during the period. Finally, Goodman Financial Corp bought a new stake in shares of Waste Management in the 4th quarter valued at about $16,898,000. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WM. Weiss Ratings cut Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Robert W. Baird raised their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Royal Bank Of Canada lifted their target price 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. Wolfe Research began coverage on shares of Waste Management in a report on Friday, March 13th. They set a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Stock Down 0.2%

WM stock opened at $222.83 on Friday. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The company has a market capitalization of $89.48 billion, a price-to-earnings ratio of 32.25, a price-to-earnings-growth ratio of 2.33 and a beta of 0.45. The business’s 50 day moving average price is $220.17 and its two-hundred day moving average price is $224.88. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93.

Waste Management (NYSE:WM) last announced its quarterly earnings data 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 business had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the firm posted $1.67 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts forecast that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Announces Dividend

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

Waste Management 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.