BDFS Capital LLC Makes New $595,000 Investment in Waste Management, Inc. $WM

BDFS Capital LLC purchased a new stake in Waste Management, Inc. (NYSE:WM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,707 shares of the business services provider’s stock, valued at approximately $595,000.

A number of other large investors have also added to or reduced their stakes in WM. Elevated Capital Advisors LLC bought a new position in Waste Management during the 4th quarter worth $25,000. RHL Group LLC acquired a new stake in shares of Waste Management during the 4th quarter worth $29,000. Financial Network Wealth Advisors LLC increased its position in shares of 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 worth $29,000 after purchasing an additional 47 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in Waste Management in the fourth quarter valued at about $29,000. Finally, JPL Wealth Management LLC acquired a new position in Waste Management in the third quarter valued at about $30,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Down 0.7%

WM stock opened at $214.40 on Friday. The firm has a 50-day moving average price of $221.35 and a 200-day moving average price of $224.75. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $86.10 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 2.26 and a beta of 0.45.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating 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%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 EPS. As a group, equities research analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WM. Weiss Ratings downgraded shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. JPMorgan Chase & Co. upped their price target 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. Royal Bank Of Canada increased their price target on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Robert W. Baird boosted 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. Finally, Wolfe Research started coverage on Waste Management in a research note 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $255.30.

Waste Management Company 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.