Vaughan David Investments LLC IL Purchases 10,695 Shares of Waste Management, Inc. $WM

Vaughan David Investments LLC IL raised its position in Waste Management, Inc. (NYSE:WM) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 195,915 shares of the business services provider’s stock after purchasing an additional 10,695 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Waste Management were worth $43,044,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of Waste Management during the fourth quarter worth about $10,206,000. Capital Advisors Inc. OK boosted its position in shares of Waste Management by 2.0% during the fourth quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock valued at $43,192,000 after buying an additional 3,880 shares during the last quarter. Central Bank & Trust Co. boosted its position in shares of Waste Management by 333.1% during the fourth quarter. Central Bank & Trust Co. now owns 8,442 shares of the business services provider’s stock valued at $1,855,000 after buying an additional 6,493 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Waste Management by 15.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 793,346 shares of the business services provider’s stock worth $173,774,000 after acquiring an additional 104,843 shares during the period. Finally, Goodman Financial Corp bought a new stake in Waste Management during the fourth quarter worth $16,898,000. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WM. TD Cowen lifted their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Royal Bank Of Canada boosted their target price on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Robert W. Baird boosted their target price on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company lowered their target price on 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 research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $255.30.

Waste Management Price Performance

Shares of NYSE WM opened at $218.90 on Friday. The stock has a market cap of $87.90 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 2.34 and a beta of 0.45. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The stock has a fifty day moving average of $223.01 and a 200-day moving average of $224.72.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion during 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 firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 earnings per share. Equities research analysts anticipate that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is 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.