Keybank National Association OH Acquires 5,092 Shares of Waste Management, Inc. $WM

Keybank National Association OH increased its holdings in Waste Management, Inc. (NYSE:WM) by 12.3% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 46,603 shares of the business services provider’s stock after buying an additional 5,092 shares during the quarter. Keybank National Association OH’s holdings in Waste Management were worth $10,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new stake in shares of Waste Management during the 4th quarter valued at about $25,000. RHL Group LLC purchased a new position in shares of Waste Management during the fourth quarter valued at approximately $29,000. Financial Network Wealth Advisors LLC lifted its position in Waste Management by 55.3% during 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. Mcguire Capital Advisors Inc. purchased a new stake in Waste Management in the fourth quarter worth approximately $29,000. Finally, JPL Wealth Management LLC bought a new stake in Waste Management in the 3rd quarter worth approximately $30,000. Institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WM shares. Royal Bank Of Canada boosted their target price on shares of Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Wells Fargo & Company cut their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Wolfe Research started coverage on Waste Management in a research report on Friday, March 13th. They set a “peer perform” rating for the company. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, TD Cowen raised 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. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Stock Performance

Shares of WM opened at $230.19 on Friday. 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 business has a 50-day simple moving average of $220.41 and a two-hundred day simple moving average of $225.41. The stock has a market cap of $92.44 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 2.41 and a beta of 0.44. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13.

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

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, June 5th. Waste Management’s dividend payout ratio is presently 54.70%.

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.