Whittier Trust Co. of Nevada Inc. Has $2.25 Million Stake in Waste Management, Inc. $WM

Whittier Trust Co. of Nevada Inc. grew its holdings in Waste Management, Inc. (NYSE:WM) by 36.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,617 shares of the business services provider’s stock after purchasing an additional 2,566 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Waste Management were worth $2,248,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WM. Elevated Capital Advisors LLC bought a new stake in Waste Management during the 4th quarter valued at approximately $25,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of Waste Management by 55.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after buying an additional 47 shares during the last quarter. RHL Group LLC bought a new stake in shares of Waste Management in the fourth quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Waste Management in the fourth quarter worth $29,000. Finally, JPL Wealth Management LLC bought a new position in Waste Management during the third quarter worth $30,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Price Performance

Shares of NYSE:WM traded up $7.48 on Tuesday, hitting $236.46. The stock had a trading volume of 481,142 shares, compared to its average volume of 2,220,138. The firm’s 50 day moving average price is $220.41 and its 200-day moving average price is $225.46. 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, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a market capitalization of $94.96 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 2.41 and a beta of 0.44.

Waste Management (NYSE:WM) last announced its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $1.67 EPS. On average, equities research analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a $0.945 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. Waste Management’s payout ratio is currently 54.70%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WM shares. JPMorgan Chase & Co. increased their price target on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Royal Bank Of Canada lifted their price target on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Wolfe Research started coverage on shares of Waste Management in a research note on Friday, March 13th. They issued a “peer perform” rating for the company. TD Cowen raised their price objective on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Robert W. Baird lifted their target price on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $255.95.

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.