Tempo Wealth LLC Invests $528,000 in Waste Management, Inc. $WM

Tempo Wealth LLC purchased a new stake in shares of Waste Management, Inc. (NYSE:WMFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,405 shares of the business services provider’s stock, valued at approximately $528,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. MidFirst Bank bought a new position in Waste Management during the fourth quarter valued at $7,799,000. Kera Capital Partners Inc. purchased a new position in shares of Waste Management during the 4th quarter worth about $204,000. MV Capital Management Inc. bought a new position in Waste Management during the 4th quarter valued at about $228,000. Cambient Family Office LLC purchased a new stake in Waste Management in the 4th quarter worth about $505,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in Waste Management in the fourth quarter worth about $29,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Performance

Shares of NYSE:WM opened at $214.40 on Friday. The firm has a 50 day moving average of $221.35 and a 200 day moving average of $224.75. 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 company has a market capitalization of $86.10 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 2.26 and a beta of 0.45. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13.

Waste Management (NYSE:WMGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The business’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $1.67 EPS. On average, sell-side analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders 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 1.8%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s dividend payout ratio is presently 54.70%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WM. Barclays upped their target price on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Robert W. Baird increased their target price on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Royal Bank Of Canada boosted their target price on shares of Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Finally, Wells Fargo & Company lowered 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. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $255.30.

Check Out Our Latest Analysis on Waste Management

Waste Management Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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