Vaughan David Investments LLC IL boosted its holdings in Waste Management, Inc. (NYSE:WM – Free Report) by 5.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 195,915 shares of the business services provider’s stock after buying an additional 10,695 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Waste Management were worth $43,044,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Elevated Capital Advisors LLC purchased a new position in shares of Waste Management in the 4th quarter worth about $25,000. RHL Group LLC purchased a new position in shares of Waste Management in the 4th quarter worth about $29,000. JPL Wealth Management LLC purchased a new position in shares of Waste Management in the 3rd quarter worth about $30,000. Kelleher Financial Advisors purchased a new position in shares of Waste Management in the 4th quarter worth about $31,000. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of Waste Management in the 4th quarter worth about $34,000. 80.40% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a report on Wednesday, May 27th. Barclays upped their price objective on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Royal Bank Of Canada raised their price target on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird raised their price target on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.30.
Waste Management Price Performance
WM 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 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $223.01 and its 200 day simple moving average is $224.72. The firm has a market cap of $87.90 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 2.34 and a beta of 0.45.
Waste Management (NYSE:WM – Get Free Report) last released 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. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the business posted $1.67 EPS. The business’s revenue was up 3.5% on a year-over-year basis. As a group, analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current year.
Waste Management Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a $0.945 dividend. The ex-dividend date is Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is 54.70%.
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.
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