Lmcg Investments LLC Buys 36,379 Shares of Waste Management, Inc. $WM

Lmcg Investments LLC grew its stake in Waste Management, Inc. (NYSE:WM) by 122.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,111 shares of the business services provider’s stock after acquiring an additional 36,379 shares during the period. Lmcg Investments LLC’s holdings in Waste Management were worth $15,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of WM. Norges Bank acquired a new position in Waste Management during the 4th quarter worth $1,022,916,000. Capital International Investors raised its position in shares of Waste Management by 218.3% during the third quarter. Capital International Investors now owns 1,369,805 shares of the business services provider’s stock worth $302,494,000 after acquiring an additional 939,455 shares during the last quarter. Holocene Advisors LP lifted its stake in shares of Waste Management by 163.7% during the third quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider’s stock valued at $309,317,000 after acquiring an additional 869,453 shares during the period. Corient Private Wealth LLC boosted its holdings in Waste Management by 279.0% in the fourth quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock valued at $236,387,000 after acquiring an additional 792,037 shares during the last quarter. Finally, Diamant Asset Management Inc. increased its position in Waste Management by 23,051.5% in the first quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock worth $17,716,000 after purchasing an additional 767,615 shares during the period. 80.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on WM. Barclays upped their target price on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce raised shares of Waste Management from a “neutral” rating to an “outperformer” rating and set a $244.00 price objective on the stock in a research note on Tuesday. Robert W. Baird upped their target price on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Royal Bank Of Canada raised their price target on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company decreased their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average target price of $255.95.

Waste Management Stock Up 3.6%

NYSE:WM opened at $237.25 on Wednesday. The stock has a market cap of $95.27 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 2.39 and a beta of 0.44. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. The stock has a 50-day moving average price of $220.49 and a two-hundred day moving average price of $225.66. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13.

Waste Management (NYSE:WM) last issued its quarterly earnings data 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 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 quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 EPS. As a group, equities analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is presently 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.