Waste Management, Inc. $WM Stake Cut by Strs Ohio

Strs Ohio lessened its holdings in Waste Management, Inc. (NYSE:WM) by 4.3% in the first quarter, HoldingsChannel.com reports. The firm owned 109,848 shares of the business services provider’s stock after selling 4,886 shares during the period. Strs Ohio’s holdings in Waste Management were worth $25,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of WM. Broadway Wealth Solutions Inc. boosted its holdings in shares of 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 valued at $349,000 after buying an additional 44 shares during the period. Bey Douglas LLC raised its stake in Waste Management by 3.7% during the fourth quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock worth $271,000 after acquiring an additional 44 shares during the period. San Luis Wealth Advisors LLC lifted its holdings in 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 boosted its stake in Waste Management by 0.7% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock valued at $1,341,000 after acquiring an additional 45 shares during the period. Finally, Cassaday & Co Wealth Management LLC grew its holdings in shares of Waste Management by 1.9% during the fourth 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. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WM shares. Wells Fargo & Company dropped their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Wolfe Research initiated coverage on shares of Waste Management in a research note on Friday, March 13th. They issued a “peer perform” rating on the stock. Barclays boosted 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. Royal Bank Of Canada increased 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 raised their target price 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 research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $255.30.

Waste Management Stock Down 0.1%

Shares of WM stock opened at $230.19 on Friday. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The stock has a market cap of $92.44 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 2.41 and a beta of 0.44. The business’s fifty day moving average is $220.41 and its 200-day moving average is $225.41. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93.

Waste Management (NYSE:WM) last announced its quarterly earnings data 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 analyst estimates of $6.28 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Equities analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a dividend of $0.945 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio is currently 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.