BKM Wealth Management LLC Increases Stock Holdings in Waste Management, Inc. (NYSE:WM)

BKM Wealth Management LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 17.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 475 shares of the business services provider’s stock after buying an additional 69 shares during the quarter. BKM Wealth Management LLC’s holdings in Waste Management were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in Waste Management by 41.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 600 shares of the business services provider’s stock worth $91,000 after acquiring an additional 177 shares during the period. Logan Capital Management Inc. lifted its position in Waste Management by 23,461.5% during the 3rd quarter. Logan Capital Management Inc. now owns 3,063 shares of the business services provider’s stock worth $467,000 after acquiring an additional 3,050 shares during the period. Insigneo Advisory Services LLC lifted its position in Waste Management by 9.0% during the 3rd quarter. Insigneo Advisory Services LLC now owns 2,277 shares of the business services provider’s stock worth $347,000 after acquiring an additional 188 shares during the period. Truist Financial Corp lifted its holdings in shares of Waste Management by 17.2% in the 3rd quarter. Truist Financial Corp now owns 236,977 shares of the business services provider’s stock valued at $36,125,000 after buying an additional 34,835 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Waste Management by 5.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 31,716 shares of the business services provider’s stock valued at $4,835,000 after buying an additional 1,549 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Price Performance

WM stock opened at $209.36 on Tuesday. The business has a fifty day moving average of $208.06 and a two-hundred day moving average of $200.00. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. The stock has a market cap of $83.97 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 2.48 and a beta of 0.74. Waste Management, Inc. has a 52-week low of $149.71 and a 52-week high of $214.54.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period last year, the business posted $1.31 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts anticipate that Waste Management, Inc. will post 7.31 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.43%. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Insider Activity at Waste Management

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the sale, the vice president now directly owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen boosted their price objective on Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Waste Management in a report on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 price objective for the company. Oppenheimer boosted their price objective on Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Erste Group Bank reissued a “hold” rating on shares of Waste Management in a report on Friday, June 14th. Finally, Jefferies Financial Group increased their price target on Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $217.61.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.