RDA Financial Network Grows Stock Position in Waste Management, Inc. $WM

RDA Financial Network boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 26.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,028 shares of the business services provider’s stock after buying an additional 2,277 shares during the quarter. RDA Financial Network’s holdings in Waste Management were worth $2,458,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elevated Capital Advisors LLC bought a new stake in shares of Waste Management in the 4th quarter worth about $25,000. RHL Group LLC bought a new position in Waste Management during the 4th quarter valued at about $29,000. Financial Network Wealth Advisors LLC raised its position in 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 purchasing an additional 47 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in Waste Management in the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Waste Management during the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 0.0%

Shares of NYSE WM opened at $226.47 on Tuesday. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The firm has a market capitalization of $90.52 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.79 and a beta of 0.44. The stock has a 50 day moving average price of $225.69 and a 200 day moving average price of $227.73. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91.

Waste Management (NYSE:WM) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the business posted $1.92 EPS. Waste Management’s quarterly revenue was up 4.0% on a year-over-year basis. Sell-side analysts expect that Waste Management, Inc. will post 8.13 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. Investors of record on Friday, June 5th were issued a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, June 5th. Waste Management’s payout ratio is presently 53.54%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WM. TD Cowen upped their target price on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Stifel Nicolaus boosted their price objective on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Scotiabank upped their price objective on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, July 16th. Canadian Imperial Bank of Commerce upgraded Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price on the stock in a research note on Tuesday, July 7th. Finally, Citigroup boosted their target price on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $258.33.

About Waste Management

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.