PeakShares LLC Invests $1.03 Million in Waste Management, Inc. $WM

PeakShares LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 4,692 shares of the business services provider’s stock, valued at approximately $1,031,000.

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

Wall Street Analysts Forecast Growth

WM has been the topic of several analyst reports. Robert W. Baird increased their price target on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Barclays boosted their price objective on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Wells Fargo & Company lowered their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Wolfe Research began coverage on Waste Management in a research report on Friday, March 13th. They set a “peer perform” rating for the company. Finally, Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $255.30.

Waste Management Trading Down 0.1%

WM stock opened at $214.40 on Friday. The company’s 50-day simple moving average is $221.00 and its 200-day simple moving average is $224.68. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The firm has a market cap of $86.10 billion, a P/E ratio of 31.03, a PEG ratio of 2.24 and a beta of 0.45.

Waste Management (NYSE:WM) last announced its quarterly earnings results 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 firm had revenue of $6.23 billion during 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%.Waste Management’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 EPS. As a group, equities analysts forecast that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.8%. Waste Management’s payout ratio is 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.