Border to Coast Pensions Partnership Ltd Acquires 10,000 Shares of Waste Management, Inc. $WM

Border to Coast Pensions Partnership Ltd increased its holdings in Waste Management, Inc. (NYSE:WM) by 25.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 50,000 shares of the business services provider’s stock after buying an additional 10,000 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Waste Management were worth $11,525,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of Waste Management in the fourth quarter valued at approximately $10,206,000. Capital Advisors Inc. OK grew its position in Waste Management by 2.0% during the 4th quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock worth $43,192,000 after acquiring an additional 3,880 shares during the last quarter. Central Bank & Trust Co. grew its position in Waste Management by 333.1% during the 4th quarter. Central Bank & Trust Co. now owns 8,442 shares of the business services provider’s stock worth $1,855,000 after acquiring an additional 6,493 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Waste Management by 15.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 793,346 shares of the business services provider’s stock valued at $173,774,000 after purchasing an additional 104,843 shares in the last quarter. Finally, Goodman Financial Corp bought a new position in Waste Management in the 4th quarter valued at $16,898,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Up 1.4%

NYSE WM opened at $226.12 on Friday. The stock has a fifty day moving average of $220.19 and a 200-day moving average of $224.89. The stock has a market capitalization of $90.80 billion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 2.36 and a beta of 0.45. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. The business had revenue of $6.23 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $1.67 earnings per share. On average, equities research analysts forecast that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s payout ratio is currently 54.70%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WM. Wells Fargo & Company decreased their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Robert W. Baird lifted 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. 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. 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 report on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted their target price 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. 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, Waste Management currently has an average rating of “Moderate Buy” and an average 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.