Midwest Professional Planners LTD. Lowers Stock Position in Waste Management, Inc. $WM

Midwest Professional Planners LTD. decreased its stake in Waste Management, Inc. (NYSE:WM) by 15.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,940 shares of the business services provider’s stock after selling 2,450 shares during the period. Midwest Professional Planners LTD.’s holdings in Waste Management were worth $2,973,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC purchased a new position in shares of Waste Management during the 4th quarter valued at about $25,000. RHL Group LLC purchased a new position in shares of Waste Management during the fourth quarter worth approximately $29,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of Waste Management by 55.3% in 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 during the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in shares of Waste Management in the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC bought a new position in shares of Waste Management during the 3rd quarter valued at $30,000. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WM. Barclays lifted their target price on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Wells Fargo & Company reduced their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Citigroup boosted their target price on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Weiss Ratings cut Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, TD Cowen lifted their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $256.20.

Waste Management Stock Performance

Shares of WM stock opened at $232.90 on Thursday. The firm has a market capitalization of $93.53 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.85 and a beta of 0.44. The stock has a fifty day moving average of $221.30 and a 200 day moving average of $226.26. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. 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 (NYSE:WM) last issued 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. 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 analyst estimates of $6.28 billion. During the same period in the prior year, the business earned $1.67 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, research analysts expect that Waste Management, Inc. will post 8.16 earnings per share for the current 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 issued a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. Waste Management’s dividend payout ratio is 54.70%.

Waste Management Company 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.