Resources Management Corp CT ADV Purchases 27,669 Shares of Waste Management, Inc. $WM

Resources Management Corp CT ADV boosted its position in Waste Management, Inc. (NYSE:WM) by 437.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,000 shares of the business services provider’s stock after acquiring an additional 27,669 shares during the period. Waste Management accounts for 1.0% of Resources Management Corp CT ADV’s investment portfolio, making the stock its 27th biggest position. Resources Management Corp CT ADV’s holdings in Waste Management were worth $7,470,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Sargent Investment Group LLC bought a new stake in shares of Waste Management during the 4th quarter valued at about $233,000. SHUTTLEWORTH & Co boosted its stake in Waste Management by 2.2% during the fourth quarter. SHUTTLEWORTH & Co now owns 10,201 shares of the business services provider’s stock worth $2,241,000 after acquiring an additional 218 shares in the last quarter. South Plains Financial Inc. raised its holdings in Waste Management by 13.1% in the fourth quarter. South Plains Financial Inc. now owns 1,523 shares of the business services provider’s stock worth $335,000 after buying an additional 176 shares during the last quarter. MML Investors Services LLC raised its holdings in Waste Management by 13.1% in the fourth quarter. MML Investors Services LLC now owns 96,945 shares of the business services provider’s stock worth $21,300,000 after buying an additional 11,211 shares during the last quarter. Finally, Mariner LLC raised its holdings in Waste Management by 6.5% in the fourth quarter. Mariner LLC now owns 621,957 shares of the business services provider’s stock worth $136,668,000 after buying an additional 38,107 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WM. Wells Fargo & Company decreased their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Barclays boosted their price objective on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Wolfe Research began coverage on shares of Waste Management in a report on Friday, March 13th. They set a “peer perform” rating for the company. Robert W. Baird boosted their price objective on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. boosted 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. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Price Performance

Shares of NYSE:WM opened at $219.12 on Monday. 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 firm has a fifty day moving average price of $222.77 and a 200 day moving average price of $224.77. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The firm has a market cap of $87.99 billion, a price-to-earnings ratio of 31.71, a P/E/G ratio of 2.29 and a beta of 0.45.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. Waste Management’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.67 earnings per share. As a group, sell-side analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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

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.