Cynosure Group LLC Raises Stock Position in Waste Management, Inc. $WM

Cynosure Group LLC boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 216.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,675 shares of the business services provider’s stock after buying an additional 3,196 shares during the quarter. Cynosure Group LLC’s holdings in Waste Management were worth $1,027,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in Waste Management in the fourth quarter worth $10,206,000. Capital Advisors Inc. OK grew its holdings in 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 worth $43,192,000 after purchasing an additional 3,880 shares during the last quarter. Central Bank & Trust Co. grew its holdings in 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 purchasing an additional 6,493 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Waste Management by 15.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 793,346 shares of the business services provider’s stock worth $173,774,000 after purchasing an additional 104,843 shares during the last quarter. Finally, Goodman Financial Corp purchased a new position in Waste Management in the fourth quarter worth $16,898,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WM shares. TD Cowen lifted their price target on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings lowered shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Royal Bank Of Canada lifted their price objective 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. Finally, Robert W. Baird lifted their price objective 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. 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, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Trading Down 1.2%

NYSE:WM opened at $216.88 on Tuesday. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The firm has a fifty day simple moving average of $222.41 and a 200-day simple moving average of $224.78. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $87.10 billion, a P/E ratio of 31.39, a PEG ratio of 2.29 and a beta of 0.45.

Waste Management (NYSE:WM) last posted 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 business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a dividend of $0.945 per share. The ex-dividend date is Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. Waste Management’s payout ratio is currently 54.70%.

Waste Management 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.