EJMK Ventures LLC Takes $638,000 Position in Waste Management, Inc. $WM

EJMK Ventures LLC acquired a new stake in Waste Management, Inc. (NYSE:WM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,905 shares of the business services provider’s stock, valued at approximately $638,000.

A number of other institutional investors have also recently added to or reduced their stakes in WM. Elevated Capital Advisors LLC acquired a new position in shares of Waste Management during the fourth quarter worth $25,000. Financial Network Wealth Advisors LLC increased its holdings in Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 47 shares during the period. RHL Group LLC acquired a new stake in Waste Management in the fourth quarter valued at $29,000. Mcguire Capital Advisors Inc. bought a new position in Waste Management during the 4th quarter worth $29,000. Finally, JPL Wealth Management LLC acquired a new position in Waste Management during the 3rd quarter worth about $30,000. 80.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings cut Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Royal Bank Of Canada lifted their price objective on 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 began coverage on shares of Waste Management in a research report on Friday, March 13th. They set a “peer perform” rating for the company. Robert W. Baird raised their price target on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Finally, Wells Fargo & Company dropped their price target on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Stock Performance

WM stock opened at $214.40 on Friday. The firm has a market cap of $86.10 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. The stock has a 50-day moving average price of $221.00 and a 200-day moving average price of $224.68. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $248.13.

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

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given 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 dividend yield of 1.8%. Waste Management’s dividend payout ratio (DPR) is 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.