IFM Investors Pty Ltd Buys 2,472 Shares of Waste Management, Inc. $WM

IFM Investors Pty Ltd raised its stake in Waste Management, Inc. (NYSE:WM) by 3.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 75,475 shares of the business services provider’s stock after buying an additional 2,472 shares during the period. IFM Investors Pty Ltd’s holdings in Waste Management were worth $17,343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Elevated Capital Advisors LLC bought a new position in Waste Management in the fourth quarter valued at about $25,000. RHL Group LLC bought a new stake in shares of Waste Management during the fourth quarter worth about $29,000. Financial Network Wealth Advisors LLC increased its stake in shares of Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after buying an additional 47 shares during the period. Mcguire Capital Advisors Inc. bought a new position in Waste Management in the 4th quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC acquired a new stake in Waste Management during the 3rd quarter worth approximately $30,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 0.6%

NYSE WM opened at $224.31 on Thursday. The stock has a market capitalization of $90.08 billion, a P/E ratio of 32.46, a P/E/G ratio of 2.33 and a beta of 0.44. The business has a 50 day simple moving average of $220.16 and a 200 day simple moving average of $225.28. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13.

Waste Management (NYSE:WM) last announced its quarterly earnings data 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. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 EPS. Research analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a dividend of $0.945 per share. The ex-dividend date was Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. Waste Management’s dividend payout ratio is currently 54.70%.

Analyst Upgrades and Downgrades

WM has been the subject of several recent research reports. TD Cowen upped their price target on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Barclays upped their price target on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. 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. Finally, Wolfe Research started coverage on shares of Waste Management in a research report on Friday, March 13th. They set a “peer perform” rating for the company. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.