Faithward Advisors LLC Has $2.46 Million Stake in Waste Management, Inc. $WM

Faithward Advisors LLC raised its position in shares of Waste Management, Inc. (NYSE:WM) by 132.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,712 shares of the business services provider’s stock after purchasing an additional 6,104 shares during the quarter. Faithward Advisors LLC’s holdings in Waste Management were worth $2,462,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. CENTRAL TRUST Co grew its holdings in shares of Waste Management by 2.7% during the first quarter. CENTRAL TRUST Co now owns 25,501 shares of the business services provider’s stock valued at $5,860,000 after buying an additional 667 shares in the last quarter. Burns J W & Co. Inc. NY lifted its stake in Waste Management by 0.6% in the 1st quarter. Burns J W & Co. Inc. NY now owns 46,724 shares of the business services provider’s stock worth $10,737,000 after acquiring an additional 291 shares in the last quarter. Cidel Asset Management Inc. boosted its position in Waste Management by 4,160.1% during the 1st quarter. Cidel Asset Management Inc. now owns 70,291 shares of the business services provider’s stock worth $16,152,000 after acquiring an additional 68,641 shares during the period. Richards Merrill & Peterson Inc. grew its stake in Waste Management by 0.8% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 6,718 shares of the business services provider’s stock valued at $1,544,000 after acquiring an additional 55 shares in the last quarter. Finally, Bar Harbor Wealth Management increased its holdings in shares of Waste Management by 1.5% in the 1st quarter. Bar Harbor Wealth Management now owns 27,270 shares of the business services provider’s stock valued at $6,266,000 after purchasing an additional 401 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

NYSE WM opened at $219.04 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $87.96 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 2.23 and a beta of 0.45. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a 50 day moving average price of $220.39 and a two-hundred day moving average price of $224.75.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping 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 net margin of 10.99% and a return on equity of 31.90%. Waste Management’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 EPS. As a group, equities analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a dividend of $0.945 per share. 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 dividend payout ratio is 54.70%.

Wall Street Analysts Forecast Growth

WM has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Barclays lifted their target price on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Robert W. Baird increased their price objective on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Finally, Wolfe Research began coverage on Waste Management in a research report on Friday, March 13th. They set a “peer perform” rating for the company. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $255.30.

Waste Management 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.