Kiley Juergens Wealth Management LLC Buys Shares of 9,360 Waste Management, Inc. $WM

Kiley Juergens Wealth Management LLC acquired a new position in shares of Waste Management, Inc. (NYSE:WM) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,360 shares of the business services provider’s stock, valued at approximately $2,151,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. O Domhnaill Enterprises Inc. lifted its holdings in shares of Waste Management by 24.6% in the 1st quarter. O Domhnaill Enterprises Inc. now owns 11,107 shares of the business services provider’s stock worth $2,552,000 after purchasing an additional 2,193 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co bought a new stake in Waste Management in the first quarter valued at $311,000. Schear Investment Advisers LLC acquired a new position in shares of Waste Management during the first quarter valued at $208,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Waste Management by 36.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 9,617 shares of the business services provider’s stock worth $2,248,000 after acquiring an additional 2,566 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of Waste Management by 2.1% in the 1st quarter. Whittier Trust Co. now owns 14,503 shares of the business services provider’s stock worth $3,391,000 after acquiring an additional 297 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Up 3.2%

NYSE WM traded up $7.26 during trading on Tuesday, reaching $236.24. 566,277 shares of the company’s stock were exchanged, compared to its average volume of 2,221,030. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The company’s fifty day simple moving average is $220.41 and its 200-day simple moving average is $225.46. The firm has a market capitalization of $94.87 billion, a PE ratio of 34.19, a P/E/G ratio of 2.41 and a beta of 0.44.

Waste Management (NYSE:WM) last released its quarterly earnings data 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 firm 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 company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 EPS. Sell-side analysts predict that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a 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%.

Analyst Upgrades and Downgrades

WM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Royal Bank Of Canada boosted their price target on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Barclays increased their price target on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. TD Cowen lifted their price objective on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Wells Fargo & Company reduced their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and an average price target of $255.95.

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.