Kiley Juergens Wealth Management LLC Buys Shares of 9,360 Waste Management, Inc. $WM

Kiley Juergens Wealth Management LLC acquired a new stake in Waste Management, Inc. (NYSE:WM) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,360 shares of the business services provider’s stock, valued at approximately $2,151,000.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Waste Management in the 4th quarter worth approximately $1,022,916,000. Capital International Investors raised its stake in shares of Waste Management by 218.3% in the 3rd quarter. Capital International Investors now owns 1,369,805 shares of the business services provider’s stock valued at $302,494,000 after buying an additional 939,455 shares in the last quarter. Holocene Advisors LP boosted its position in shares of Waste Management by 163.7% during the 3rd 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 in the last quarter. Corient Private Wealth LLC boosted its holdings in Waste Management by 279.0% during 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 purchasing an additional 792,037 shares in the last quarter. Finally, Diamant Asset Management Inc. boosted its stake in Waste Management by 23,051.5% in the 1st quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock valued at $17,716,000 after buying an additional 767,615 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Canadian Imperial Bank of Commerce upgraded Waste Management from a “neutral” rating to an “outperformer” rating and set a $244.00 target price on the stock in a report on Tuesday. Wells Fargo & Company reduced their price target on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Wolfe Research initiated coverage on Waste Management in a research note on Friday, March 13th. They issued a “peer perform” rating on the stock. Royal Bank Of Canada lifted their target price on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price objective on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.95.

Waste Management Price Performance

Shares of WM traded up $7.26 during trading hours on Tuesday, hitting $236.24. 566,277 shares of the company were exchanged, compared to its average volume of 2,221,030. 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 fifty-two week low of $194.11 and a fifty-two week high of $248.13. The company has a market cap of $94.87 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 2.41 and a beta of 0.44. The firm’s fifty day moving average is $220.41 and its 200 day moving average is $225.46.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid 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 dividend payout ratio (DPR) is currently 54.70%.

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.