Nicholson Wealth Management Group LLC Takes Position in Waste Management, Inc. $WM

Nicholson Wealth Management Group LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,309 shares of the business services provider’s stock, valued at approximately $1,909,000.

Several other institutional investors have also recently added to or reduced their stakes in WM. Elevated Capital Advisors LLC acquired a new stake in shares of Waste Management during the 4th quarter worth approximately $25,000. RHL Group LLC acquired a new position in shares of Waste Management during the 4th quarter valued at $29,000. Financial Network Wealth Advisors LLC grew its holdings in 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 purchasing an additional 47 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in Waste Management in the fourth quarter valued at $29,000. Finally, JPL Wealth Management LLC bought a new position in shares of Waste Management during the 3rd quarter worth about $30,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Performance

Shares of Waste Management stock opened at $236.67 on Tuesday. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The business has a 50 day moving average price of $220.86 and a 200-day moving average price of $226.09. The company has a market cap of $95.04 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 2.84 and a beta of 0.44.

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

Waste Management Announces Dividend

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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s payout ratio is currently 54.70%.

Analysts Set New Price Targets

WM has been the subject of a number of research analyst reports. Barclays boosted their target price on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. TD Cowen boosted their price objective on Waste Management from $270.00 to $275.00 and gave the company a “buy” 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 report on Thursday, April 30th. Canadian Imperial Bank of Commerce raised shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price target for the company in a research report on Tuesday, July 7th. Finally, Oppenheimer lowered their price objective on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $256.20.

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.