Corient Private Wealth LLC Buys 792,037 Shares of Waste Management, Inc. $WM

Corient Private Wealth LLC grew its position in Waste Management, Inc. (NYSE:WM) by 279.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,075,906 shares of the business services provider’s stock after purchasing an additional 792,037 shares during the quarter. Corient Private Wealth LLC’s holdings in Waste Management were worth $236,387,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Elevated Capital Advisors LLC acquired a new position in Waste Management in the fourth quarter valued at about $25,000. Financial Network Wealth Advisors LLC increased its holdings in shares of Waste Management by 55.3% during the fourth 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 in the last quarter. RHL Group LLC bought a new position in shares of Waste Management in the fourth quarter valued at approximately $29,000. JPL Wealth Management LLC acquired a new position in shares of Waste Management in the 3rd quarter worth approximately $30,000. Finally, Kelleher Financial Advisors bought a new stake in Waste Management during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Down 0.7%

Shares of NYSE:WM opened at $214.40 on Friday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market cap of $86.10 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 2.26 and a beta of 0.45. The company has a 50 day moving average of $221.35 and a 200-day moving average of $224.75. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13.

Waste Management (NYSE:WM) last announced its quarterly earnings data 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. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the firm earned $1.67 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, sell-side analysts forecast that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is currently 54.70%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WM shares. Robert W. Baird raised their price target on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. increased 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. Royal Bank Of Canada raised their target price on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Weiss Ratings cut Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, TD Cowen upped their price target on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report 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, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $255.30.

Waste Management Company 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.