10,634 Shares in Waste Management, Inc. $WM Purchased by Bluedoor Private Wealth LLC

Bluedoor Private Wealth LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,634 shares of the business services provider’s stock, valued at approximately $2,336,000. Waste Management accounts for approximately 1.1% of Bluedoor Private Wealth LLC’s portfolio, making the stock its 25th largest holding.

A number of other hedge funds also recently bought and sold shares of the business. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in shares of Waste Management in the fourth quarter valued at approximately $10,206,000. Capital Advisors Inc. OK lifted its position in shares of Waste Management by 2.0% in the fourth quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock valued at $43,192,000 after acquiring an additional 3,880 shares in the last quarter. Central Bank & Trust Co. lifted its position in shares of Waste Management by 333.1% in the fourth quarter. Central Bank & Trust Co. now owns 8,442 shares of the business services provider’s stock valued at $1,855,000 after acquiring an additional 6,493 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Waste Management by 15.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 793,346 shares of the business services provider’s stock valued at $173,774,000 after acquiring an additional 104,843 shares in the last quarter. Finally, Goodman Financial Corp purchased a new position in shares of Waste Management in the fourth quarter valued at approximately $16,898,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of Waste Management stock opened at $216.88 on Tuesday. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The company has a market cap of $87.10 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 2.29 and a beta of 0.45. 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 business’s 50 day moving average price is $222.41 and its 200 day moving average price is $224.78.

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

Waste Management Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Royal Bank Of Canada raised their target price on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. 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. Wolfe Research assumed coverage on Waste Management in a research report on Friday, March 13th. They issued a “peer perform” rating on the stock. Finally, Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

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.