O Domhnaill Enterprises Inc. Acquires 2,193 Shares of Waste Management, Inc. $WM

O Domhnaill Enterprises Inc. grew its holdings in Waste Management, Inc. (NYSE:WM) by 24.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,107 shares of the business services provider’s stock after purchasing an additional 2,193 shares during the period. Waste Management comprises about 2.1% of O Domhnaill Enterprises Inc.’s investment portfolio, making the stock its 18th biggest holding. O Domhnaill Enterprises Inc.’s holdings in Waste Management were worth $2,552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in shares of Waste Management during the first quarter valued at $311,000. Schear Investment Advisers LLC purchased a new position in shares of Waste Management during the first quarter valued at approximately $208,000. Whittier Trust Co. of Nevada Inc. lifted its position in Waste Management by 36.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 9,617 shares of the business services provider’s stock valued at $2,248,000 after purchasing an additional 2,566 shares during the period. Whittier Trust Co. grew its position in Waste Management by 2.1% in the 1st quarter. Whittier Trust Co. now owns 14,503 shares of the business services provider’s stock worth $3,391,000 after purchasing an additional 297 shares during the period. Finally, Bogart Wealth LLC raised its stake in Waste Management by 93.5% during the 1st quarter. Bogart Wealth LLC now owns 180 shares of the business services provider’s stock valued at $41,000 after buying an additional 87 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Performance

Waste Management stock traded up $7.08 during midday trading on Tuesday, hitting $236.06. The stock had a trading volume of 497,249 shares, compared to its average volume of 2,220,138. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a market capitalization of $94.79 billion, a PE ratio of 34.17, a P/E/G ratio of 2.41 and a beta of 0.44. The firm’s fifty day moving average is $220.41 and its two-hundred day moving average is $225.46. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22.

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. On average, research analysts forecast that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, June 5th. Waste Management’s payout ratio is presently 54.70%.

Analyst Ratings Changes

WM has been the topic of a number of research reports. TD Cowen raised their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” 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 stock an “overweight” rating in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce raised shares of Waste Management from a “neutral” rating to an “outperformer” rating and set a $244.00 price target for the company in a research report on Tuesday. Wells Fargo & Company reduced their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.95.

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.