Corient Private Wealth LLC Has $70.02 Million Stock Position in Waste Management, Inc. $WM

Corient Private Wealth LLC raised its position in Waste Management, Inc. (NYSE:WM) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,619 shares of the business services provider’s stock after buying an additional 34,750 shares during the period. Corient Private Wealth LLC’s holdings in Waste Management were worth $70,019,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Elevated Capital Advisors LLC bought a new position in shares of Waste Management in the fourth quarter valued at approximately $25,000. RHL Group LLC acquired a new stake in Waste Management during the 4th quarter valued at $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 valued at $29,000 after purchasing an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in Waste Management in the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC acquired a new position in Waste Management in the third quarter worth $30,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Down 0.1%

Shares of NYSE WM opened at $214.40 on Friday. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The firm has a market capitalization of $86.10 billion, a P/E ratio of 31.03, a P/E/G ratio of 2.24 and a beta of 0.45. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The company’s 50 day simple moving average is $221.00 and its 200 day simple moving average is $224.68.

Waste Management (NYSE:WM) last released its earnings results 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. The firm had revenue of $6.23 billion during 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%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 EPS. On average, analysts predict that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a dividend of $0.945 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.8%. Waste Management’s payout ratio is 54.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WM. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Barclays increased their price objective on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Robert W. Baird raised their price objective 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. Wolfe Research assumed coverage on shares of Waste Management in a research note on Friday, March 13th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company decreased 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 note on Thursday, April 30th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target 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.