Vertrix Wealth Management LLC Invests $4.09 Million in Waste Management, Inc. $WM

Vertrix Wealth Management LLC purchased a new stake in Waste Management, Inc. (NYSE:WM) in the first quarter, according to its most recent filing with the SEC. The fund purchased 17,806 shares of the business services provider’s stock, valued at approximately $4,092,000. Waste Management comprises 1.5% of Vertrix Wealth Management LLC’s portfolio, making the stock its 26th biggest position.

Several other large investors have also recently added to or reduced their stakes in WM. Elevated Capital Advisors LLC bought a new stake in shares of Waste Management during the 4th quarter valued at about $25,000. RHL Group LLC bought a new position in Waste Management in the fourth quarter worth about $29,000. Financial Network Wealth Advisors LLC boosted its stake 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 acquiring an additional 47 shares during the period. Mcguire Capital Advisors Inc. bought a new position in shares of Waste Management during the fourth quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Waste Management during the 3rd quarter worth approximately $30,000. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WM shares. Wells Fargo & Company reduced their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. TD Cowen increased their target price on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird boosted their price target on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings lowered shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. 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 data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus price target of $255.30.

Waste Management Trading Up 0.6%

Shares of WM stock opened at $224.31 on Thursday. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The firm has a market capitalization of $90.08 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 2.33 and a beta of 0.44. The stock has a fifty day moving average of $220.16 and a two-hundred day moving average of $225.28. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. As a group, research analysts expect that Waste Management, Inc. will post 8.15 EPS for the current 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 $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s dividend payout ratio is currently 54.70%.

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.