Coppell Advisory Solutions LLC Acquires Shares of 7,531 Waste Management, Inc. $WM

Coppell Advisory Solutions LLC bought a new position in Waste Management, Inc. (NYSE:WM) in the 2nd quarter, Holdings Channel.com reports. The fund bought 7,531 shares of the business services provider’s stock, valued at approximately $1,679,000.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Waste Management during the fourth quarter valued at approximately $1,022,916,000. Morgan Stanley Institutional Investment Advisors LLC bought a new stake in shares of Waste Management in the 2nd quarter valued at approximately $322,479,000. Corient Private Wealth LLC increased its holdings in shares of Waste Management by 279.0% in the 4th quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock valued at $236,387,000 after acquiring an additional 792,037 shares during the last quarter. Diamant Asset Management Inc. raised its position in shares of Waste Management by 23,051.5% during the 1st quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock valued at $17,716,000 after acquiring an additional 767,615 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in Waste Management by 3,209.2% in the third quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock valued at $150,466,000 after acquiring an additional 660,776 shares during the period. Institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WM. Barclays increased their price target on Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Oppenheimer lowered their price objective on Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Canadian Imperial Bank of Commerce lowered Waste Management from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Citigroup boosted their price target on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Scotiabank upped their price target on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and a consensus target price of $258.89.

Waste Management Stock Performance

Shares of NYSE WM opened at $219.17 on Thursday. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a market cap of $87.60 billion, a PE ratio of 31.04, a P/E/G ratio of 2.77 and a beta of 0.42. The stock has a 50 day simple moving average of $228.65 and a 200-day simple moving average of $227.32. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24.

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

Waste Management Announces Dividend

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

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.