Faithward Advisors LLC Purchases 6,104 Shares of Waste Management, Inc. $WM

Faithward Advisors LLC lifted its holdings in Waste Management, Inc. (NYSE:WM) by 132.5% during the first quarter, HoldingsChannel reports. The firm owned 10,712 shares of the business services provider’s stock after purchasing an additional 6,104 shares during the period. Faithward Advisors LLC’s holdings in Waste Management were worth $2,462,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Broadway Wealth Solutions Inc. increased its position in Waste Management by 2.8% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock worth $349,000 after buying an additional 44 shares during the period. Bey Douglas LLC boosted its position in shares of Waste Management by 3.7% in the fourth quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock valued at $271,000 after acquiring an additional 44 shares during the period. San Luis Wealth Advisors LLC grew its stake in shares of Waste Management by 2.4% in the fourth quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock worth $422,000 after acquiring an additional 45 shares during the last quarter. Birch Hill Investment Advisors LLC increased its position in Waste Management by 0.7% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock worth $1,341,000 after acquiring an additional 45 shares during the period. Finally, Cassaday & Co Wealth Management LLC raised its stake in Waste Management by 1.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock valued at $527,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 2.7%

NYSE WM opened at $219.04 on Wednesday. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $248.13. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. The stock’s 50 day moving average is $220.39 and its two-hundred day moving average is $224.75. The company has a market capitalization of $87.96 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 2.23 and a beta of 0.45.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping 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 quarter last year, the company earned $1.67 EPS. Waste Management’s revenue was up 3.5% on a year-over-year basis. Equities analysts forecast 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 paid a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s dividend payout ratio is currently 54.70%.

Wall Street Analyst Weigh In

WM has been the topic of several research analyst reports. Weiss Ratings lowered shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. TD Cowen boosted their price target on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wells Fargo & Company cut their price target on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Royal Bank Of Canada lifted their price objective on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Finally, Robert W. Baird boosted their price objective on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average price target of $255.30.

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.