SVB Wealth LLC Decreases Position in Waste Management, Inc. $WM

SVB Wealth LLC trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 16.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,291 shares of the business services provider’s stock after selling 3,607 shares during the period. SVB Wealth LLC’s holdings in Waste Management were worth $4,203,000 at the end of the most recent quarter.

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

Waste Management Stock Down 0.7%

WM stock opened at $213.08 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The business has a 50 day moving average of $220.60 and a 200 day moving average of $224.73. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The firm has a market cap of $85.57 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the firm posted $1.67 earnings per share. The company’s quarterly revenue 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 fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is currently 54.70%.

Analyst Ratings Changes

WM has been the subject of a number of research analyst reports. TD Cowen raised their target price on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wells Fargo & Company decreased their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their price objective on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Weiss Ratings cut shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, Robert W. Baird increased their price target on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $255.30.

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.