SHP Wealth Management Makes New Investment in Waste Management, Inc. $WM

SHP Wealth Management bought a new position in Waste Management, Inc. (NYSE:WM) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,264 shares of the business services provider’s stock, valued at approximately $1,157,000.

A number of other large investors also recently made changes to their positions in the company. Elevated Capital Advisors LLC purchased a new position in Waste Management during the fourth quarter worth about $25,000. Financial Network Wealth Advisors LLC increased its stake in Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after buying an additional 47 shares during the last quarter. RHL Group LLC bought a new position in shares of Waste Management during the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Waste Management in the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Waste Management in the 3rd quarter worth approximately $30,000. 80.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on WM shares. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. TD Cowen upped their price objective on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Robert W. Baird raised their target price on 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 lifted 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. Finally, Barclays boosted their price target on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $255.30.

Waste Management Stock Down 0.1%

Shares of NYSE WM opened at $214.40 on Friday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market capitalization of $86.10 billion, a PE ratio of 31.03, a P/E/G ratio of 2.24 and a beta of 0.45. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The business’s fifty day moving average price is $221.00 and its 200-day moving average price is $224.68.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 EPS. On average, equities research analysts anticipate 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 was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.8%. Waste Management’s dividend payout ratio (DPR) is presently 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.