6,400 Shares in Waste Management, Inc. $WM Purchased by Lynch Asset Management Inc.

Lynch Asset Management Inc. purchased a new stake in Waste Management, Inc. (NYSE:WM) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,400 shares of the business services provider’s stock, valued at approximately $1,471,000.

Other large investors also recently added to or reduced their stakes in the company. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in Waste Management during the 4th quarter worth $10,206,000. Capital Advisors Inc. OK raised its position in shares of 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 valued at $43,192,000 after buying an additional 3,880 shares during the last quarter. Central Bank & Trust Co. lifted its stake in shares of 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 in the last quarter. Goodman Financial Corp acquired a new position in Waste Management during the fourth quarter worth about $16,898,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake 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. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on WM. Royal Bank Of Canada raised their target price on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Wells Fargo & Company cut their price target on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. JPMorgan Chase & Co. raised their target price on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Finally, TD Cowen lifted 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 analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Price Performance

Shares of WM opened at $224.31 on Thursday. The firm has a 50-day simple moving average of $220.16 and a two-hundred day simple moving average of $225.28. The stock has a market cap of $90.08 billion, a PE ratio of 32.46, a P/E/G ratio of 2.33 and a beta of 0.44. 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 2.22, a current ratio of 0.93 and a quick ratio of 0.89.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping 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 firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the business posted $1.67 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts forecast that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is currently 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.