19,121 Shares in Waste Management, Inc. $WM Acquired by Asset One Wealth Management LLC

Asset One Wealth Management LLC acquired a new position in Waste Management, Inc. (NYSE:WM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 19,121 shares of the business services provider’s stock, valued at approximately $4,267,000.

Several other institutional investors have also recently bought and sold shares of the stock. Elevated Capital Advisors LLC bought a new stake in shares of Waste Management during the 4th quarter valued at $25,000. RHL Group LLC bought a new stake in shares of Waste Management during the 4th quarter valued at $29,000. Financial Network Wealth Advisors LLC raised its position 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 valued at $29,000 after acquiring an additional 47 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Waste Management during the 3rd quarter valued at $30,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Waste Management during the 4th quarter valued at $31,000. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on WM shares. Royal Bank Of Canada upped their target price on shares of Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Wells Fargo & Company dropped their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Robert W. Baird upped their price objective 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. Finally, Wolfe Research initiated coverage on shares of Waste Management in a research report on Friday, March 13th. They issued a “peer perform” rating for the company. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.30.

Waste Management Price Performance

WM opened at $215.93 on Thursday. 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 12 month low of $194.11 and a 12 month high of $248.13. The company has a fifty day simple moving average of $221.72 and a 200 day simple moving average of $224.77. The stock has a market cap of $86.71 billion, a P/E ratio of 31.25, a P/E/G ratio of 2.29 and a beta of 0.45.

Waste Management (NYSE:WM) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, research analysts expect that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a $0.945 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.8%. Waste Management’s dividend payout ratio is presently 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.