Field & Main Bank Takes Position in Waste Management, Inc. $WM

Field & Main Bank purchased a new position in shares of Waste Management, Inc. (NYSE:WM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 11,700 shares of the business services provider’s stock, valued at approximately $2,608,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Network Wealth Advisors LLC increased its stake in shares of Waste Management by 55.3% during the 4th 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 last quarter. RHL Group LLC acquired a new stake in Waste Management in the 4th quarter valued at about $29,000. Mcguire Capital Advisors Inc. bought a new position in Waste Management during the fourth quarter worth about $29,000. JPL Wealth Management LLC bought a new stake in Waste Management in the third quarter valued at approximately $30,000. Finally, Main Street Group LTD bought a new position in shares of Waste Management during the 1st quarter worth approximately $31,000. 80.40% of the stock is owned by institutional investors.

Waste Management Price Performance

Shares of NYSE WM opened at $219.88 on Friday. The business has a fifty day moving average price of $228.60 and a two-hundred day moving average price of $227.62. The stock has a market capitalization of $87.89 billion, a PE ratio of 31.14, a P/E/G ratio of 2.75 and a beta of 0.44. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. The company had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.Waste Management’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $1.92 earnings per share. As a group, equities analysts predict that Waste Management, Inc. will post 8.13 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.945 per share. The ex-dividend date is Friday, September 11th. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is currently 53.54%.

Analyst Upgrades and Downgrades

WM has been the subject of a number of research analyst reports. Scotiabank lifted their price objective on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Royal Bank Of Canada raised their price objective on shares of Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Stifel Nicolaus upped their target price on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Barclays boosted their price target on Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Finally, UBS Group increased their price objective on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $258.89.

About Waste Management

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.