Keybank National Association OH raised its holdings in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 12.3% during the first quarter, Holdings Channel.com reports. The fund owned 46,603 shares of the business services provider’s stock after buying an additional 5,092 shares during the period. Keybank National Association OH’s holdings in Waste Management were worth $10,709,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in WM. Physician Wealth Advisors Inc. raised its stake in Waste Management by 10.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 485 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 45 shares during the period. TSG Advice Partners LLC grew its holdings in Waste Management by 3.6% during the 1st quarter. TSG Advice Partners LLC now owns 1,819 shares of the business services provider’s stock valued at $418,000 after buying an additional 64 shares in the last quarter. Root Financial Partners LLC raised its position in shares of Waste Management by 39.6% during the first quarter. Root Financial Partners LLC now owns 1,217 shares of the business services provider’s stock valued at $280,000 after buying an additional 345 shares during the last quarter. WD Rutherford LLC raised its position in shares of Waste Management by 1.0% during the first quarter. WD Rutherford LLC now owns 6,161 shares of the business services provider’s stock valued at $1,416,000 after buying an additional 62 shares during the last quarter. Finally, CHICAGO TRUST Co NA lifted its holdings in shares of Waste Management by 154.7% in the first quarter. CHICAGO TRUST Co NA now owns 7,913 shares of the business services provider’s stock worth $1,818,000 after buying an additional 4,806 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on WM. Barclays raised their target price on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Robert W. Baird boosted 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. Wells Fargo & Company cut their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Finally, Wolfe Research assumed coverage on Waste Management in a research report on Friday, March 13th. They issued a “peer perform” rating on the stock. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $255.30.
Waste Management Stock Down 0.1%
Shares of NYSE WM opened at $230.19 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The firm’s 50-day moving average price is $220.41 and its 200-day moving average price is $225.41. The stock has a market capitalization of $92.44 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 2.41 and a beta of 0.44.
Waste Management (NYSE:WM – Get Free Report) last released its quarterly earnings results 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 return on equity of 31.90% and a net margin of 10.99%.The company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the business posted $1.67 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.
Waste Management Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s payout ratio is 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.
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