19,121 Shares in Waste Management, Inc. $WM Bought by Asset One Wealth Management LLC

Asset One Wealth Management LLC bought a new position in Waste Management, Inc. (NYSE:WM) in the fourth quarter, HoldingsChannel.com reports. The firm bought 19,121 shares of the business services provider’s stock, valued at approximately $4,267,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC acquired a new position in shares of Waste Management during the 4th quarter worth about $25,000. RHL Group LLC acquired a new position in shares of Waste Management during the 4th quarter worth about $29,000. Financial Network Wealth Advisors LLC boosted its stake in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after buying an additional 47 shares during the last quarter. JPL Wealth Management LLC acquired a new position in shares of Waste Management during the 3rd quarter worth about $30,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Waste Management during the 4th quarter worth about $31,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Price Performance

Shares of WM opened at $215.93 on Thursday. The firm has a market capitalization of $86.71 billion, a PE ratio of 31.25, a PEG ratio of 2.29 and a beta of 0.45. The company’s 50-day moving average is $221.72 and its 200-day moving average is $224.77. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week 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.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 earnings per share. Equities analysts forecast that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 annualized dividend and a yield of 1.8%. Waste Management’s dividend payout ratio (DPR) is 54.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wolfe Research assumed coverage on shares of Waste Management in a research note on Friday, March 13th. They set a “peer perform” rating for the company. Barclays increased their price objective on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Robert W. Baird raised their target price on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Weiss Ratings downgraded shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, TD Cowen raised their target price on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $255.30.

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.