Waste Management, Inc. $WM Stock Holdings Lifted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in Waste Management, Inc. (NYSE:WM) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 148,156 shares of the business services provider’s stock after buying an additional 3,681 shares during the period. TD Waterhouse Canada Inc.’s holdings in Waste Management were worth $33,203,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. RHL Group LLC bought a new position in shares of Waste Management during the fourth quarter valued at approximately $29,000. Financial Network Wealth Advisors LLC boosted its position in Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 47 shares during the period. Mcguire Capital Advisors Inc. acquired a new stake in Waste Management in the fourth quarter worth $29,000. JPL Wealth Management LLC bought a new stake in Waste Management in the third quarter valued at $30,000. Finally, Main Street Group LTD acquired a new position in shares of Waste Management during the first quarter valued at $31,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Down 1.3%

Shares of WM stock opened at $218.90 on Friday. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91. The business’s fifty day moving average is $228.48 and its 200-day moving average is $227.17. The stock has a market cap of $87.50 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 2.80 and a beta of 0.42.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the business earned $1.92 earnings per share. Waste Management’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts expect that Waste Management, Inc. will post 8.13 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, September 11th. Waste Management’s payout ratio is presently 53.54%.

Wall Street Analyst Weigh In

WM has been the subject of a number of analyst reports. Stifel Nicolaus boosted their target price on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Barclays increased their price target on Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Scotiabank increased their target price on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, July 16th. Citigroup raised their target price on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, UBS Group boosted their price target on shares of Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $258.89.

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.