7,507 Shares in Waste Management, Inc. $WM Acquired by VCI Wealth Management LLC

VCI Wealth Management LLC acquired a new position in shares of Waste Management, Inc. (NYSE:WM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,507 shares of the business services provider’s stock, valued at approximately $1,725,000.

A number of other institutional investors have also recently modified their holdings of the stock. Elevated Capital Advisors LLC bought a new position in shares of Waste Management in the fourth quarter worth $25,000. RHL Group LLC bought a new stake in Waste Management during the fourth quarter worth about $29,000. Financial Network Wealth Advisors LLC grew its stake in Waste Management by 55.3% during the fourth 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 in the last quarter. Mcguire Capital Advisors Inc. bought a new position in Waste Management in the 4th quarter valued at about $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Waste Management in the 3rd quarter valued at approximately $30,000. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Robert W. Baird boosted their price objective on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Royal Bank Of Canada upped their target price 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. Barclays raised their target price on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, TD Cowen boosted their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Price Performance

Shares of NYSE:WM opened at $226.12 on Friday. 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, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The firm has a market cap of $90.80 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 2.33 and a beta of 0.45. The firm’s fifty day moving average is $220.19 and its 200-day moving average is $224.89.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.Waste Management’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 earnings per share. Sell-side analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders 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 dividend yield of 1.7%. The ex-dividend date was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is 54.70%.

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.