Lmcg Investments LLC Acquires 36,379 Shares of Waste Management, Inc. $WM

Lmcg Investments LLC grew its stake in Waste Management, Inc. (NYSE:WM) by 122.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,111 shares of the business services provider’s stock after buying an additional 36,379 shares during the period. Lmcg Investments LLC’s holdings in Waste Management were worth $15,192,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cvfg LLC bought a new stake in Waste Management during the 1st quarter valued at approximately $5,324,000. Addison Capital Co increased its holdings in shares of Waste Management by 23.9% during the 1st quarter. Addison Capital Co now owns 7,204 shares of the business services provider’s stock worth $1,655,000 after purchasing an additional 1,388 shares during the period. Clare Market Investments LLC acquired a new position in shares of Waste Management during the first quarter valued at about $4,551,000. Swedbank AB lifted its stake in shares of Waste Management by 17.0% in the first quarter. Swedbank AB now owns 2,392,868 shares of the business services provider’s stock valued at $549,857,000 after buying an additional 348,183 shares during the period. Finally, Kiley Juergens Wealth Management LLC acquired a new stake in Waste Management during the first quarter worth about $2,151,000. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Performance

Waste Management stock opened at $237.25 on Wednesday. The firm has a market capitalization of $95.27 billion, a P/E ratio of 34.33, a P/E/G ratio of 2.39 and a beta of 0.44. The stock has a fifty day moving average price of $220.49 and a two-hundred day moving average price of $225.66. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. The business 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 quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.67 EPS. As a group, analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s payout ratio is 54.70%.

Wall Street Analyst Weigh In

A number of analysts have commented on WM shares. JPMorgan Chase & Co. raised their price objective on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Robert W. Baird raised their target price on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Barclays boosted their price target on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Royal Bank Of Canada raised their price objective on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Finally, Wolfe Research initiated coverage on shares of Waste Management in a research report on Friday, March 13th. They set a “peer perform” rating on the stock. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $255.95.

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.