Waste Management, Inc. $WM Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,664 shares of the business services provider’s stock after purchasing an additional 2,438 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Waste Management were worth $12,889,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Elevated Capital Advisors LLC acquired a new position in shares of Waste Management during the 4th quarter worth about $25,000. RHL Group LLC acquired a new position in shares of Waste Management during the 4th quarter worth about $29,000. Financial Network Wealth Advisors LLC boosted 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 worth $29,000 after acquiring an additional 47 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Waste Management during the 3rd quarter worth about $30,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Waste Management during the 4th quarter worth about $31,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Down 1.2%

Waste Management stock opened at $216.88 on Tuesday. 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 debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market capitalization of $87.10 billion, a P/E ratio of 31.39, a PEG ratio of 2.29 and a beta of 0.45. The stock has a 50-day simple moving average of $222.41 and a 200-day simple moving average of $224.78.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share 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 business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the business earned $1.67 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Equities research analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s payout ratio is presently 54.70%.

Analyst Ratings Changes

Several research analysts have recently issued reports on WM shares. Wells Fargo & Company lowered their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Wolfe Research started coverage on Waste Management in a research report on Friday, March 13th. They set a “peer perform” rating for the company. TD Cowen upped their price objective on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird upped their price objective on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Finally, Barclays upped their price objective on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $255.30.

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.