BDFS Capital LLC Makes New Investment in Waste Management, Inc. $WM

BDFS Capital LLC acquired a new stake in Waste Management, Inc. (NYSE:WM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,707 shares of the business services provider’s stock, valued at approximately $595,000.

Several other hedge funds also recently modified their holdings of the business. Elevated Capital Advisors LLC acquired a new position in Waste Management during the fourth quarter valued at approximately $25,000. Financial Network Wealth Advisors LLC boosted its holdings in shares of Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after buying an additional 47 shares during the last quarter. RHL Group LLC bought a new position in shares of Waste Management in the fourth quarter valued at $29,000. Mcguire Capital Advisors Inc. acquired a new position in Waste Management during the fourth quarter worth $29,000. Finally, JPL Wealth Management LLC bought a new stake in Waste Management during the third quarter worth $30,000. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wolfe Research assumed coverage on shares of Waste Management in a research report on Friday, March 13th. They issued a “peer perform” rating for the company. 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. Wells Fargo & Company lowered their price target on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their target price on 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, JPMorgan Chase & Co. increased their price target on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $255.30.

Waste Management Price Performance

Waste Management stock opened at $214.40 on Friday. The company has a market capitalization of $86.10 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 2.26 and a beta of 0.45. 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 stock’s 50 day moving average is $221.35 and its 200-day moving average is $224.75.

Waste Management (NYSE:WM) last released its quarterly earnings results 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. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $1.67 EPS. Equities research analysts expect that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a dividend of $0.945 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.8%. Waste Management’s dividend payout ratio (DPR) 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.