11,700 Shares in Waste Management, Inc. $WM Purchased by Field & Main Bank

Field & Main Bank acquired a new stake in Waste Management, Inc. (NYSE:WM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 11,700 shares of the business services provider’s stock, valued at approximately $2,608,000.

A number of other large investors also recently modified their holdings of WM. RHL Group LLC bought a new position in Waste Management in the 4th quarter valued at $29,000. Financial Network Wealth Advisors LLC boosted its holdings in 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 valued at $29,000 after acquiring an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in Waste Management in the fourth quarter worth about $29,000. JPL Wealth Management LLC bought a new stake in Waste Management during the 3rd quarter worth about $30,000. Finally, Main Street Group LTD acquired a new position in Waste Management during the 1st quarter valued at about $31,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Up 1.0%

NYSE:WM opened at $219.88 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The business’s 50-day simple moving average is $228.60 and its 200-day simple moving average is $227.62. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The stock has a market capitalization of $87.89 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.75 and a beta of 0.44.

Waste Management (NYSE:WM) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. The firm had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.92 EPS. Sell-side analysts expect that Waste Management, Inc. will post 8.13 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, September 11th. Waste Management’s dividend payout ratio is 53.54%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank Of Canada lifted their target price on shares of Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Scotiabank raised their target price on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. UBS Group upped their price target on Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Weiss Ratings downgraded shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Stifel Nicolaus boosted their price objective on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.89.

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.