Boston Trust Walden Corp Grows Stake in Waste Management, Inc. $WM

Boston Trust Walden Corp raised its holdings in Waste Management, Inc. (NYSE:WM) by 1,343.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,451 shares of the business services provider’s stock after acquiring an additional 91,629 shares during the period. Boston Trust Walden Corp’s holdings in Waste Management were worth $22,623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Broadway Wealth Solutions Inc. lifted its stake in shares of Waste Management by 2.8% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock valued at $349,000 after purchasing an additional 44 shares during the period. Bey Douglas LLC grew its stake in Waste Management by 3.7% in the fourth quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock worth $271,000 after purchasing an additional 44 shares during the period. San Luis Wealth Advisors LLC raised its holdings in Waste Management by 2.4% in the fourth quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock worth $422,000 after purchasing an additional 45 shares in the last quarter. Birch Hill Investment Advisors LLC lifted its position in Waste Management by 0.7% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock valued at $1,341,000 after buying an additional 45 shares during the period. Finally, Cassaday & Co Wealth Management LLC boosted its holdings in shares of Waste Management by 1.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock valued at $527,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

NYSE WM opened at $230.19 on Friday. The business’s fifty day moving average is $220.41 and its 200 day moving average is $225.41. 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 company has a market capitalization of $92.44 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 2.41 and a beta of 0.44. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13.

Waste Management (NYSE:WM) last issued its 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. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the company earned $1.67 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Sell-side analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders 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 1.6%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is presently 54.70%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wolfe Research initiated coverage on shares of Waste Management in a research report on Friday, March 13th. They issued a “peer perform” rating on the stock. TD Cowen boosted their price objective on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Barclays raised their target price on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their price target on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Finally, Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Waste Management presently has an average 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.