Whittier Trust Co. of Nevada Inc. Has $2.25 Million Position in Waste Management, Inc. $WM

Whittier Trust Co. of Nevada Inc. increased its stake in Waste Management, Inc. (NYSE:WM) by 36.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,617 shares of the business services provider’s stock after purchasing an additional 2,566 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Waste Management were worth $2,248,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. raised its position in shares of Waste Management by 2.1% during the first 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 last quarter. Bogart Wealth LLC increased its position in Waste Management by 93.5% in the first quarter. Bogart Wealth LLC now owns 180 shares of the business services provider’s stock worth $41,000 after purchasing an additional 87 shares during the period. DGS Capital Management LLC increased its position in Waste Management by 54.1% in the first quarter. DGS Capital Management LLC now owns 2,082 shares of the business services provider’s stock worth $478,000 after purchasing an additional 731 shares during the period. Ascentis Independent Advisors raised its holdings in Waste Management by 46.6% during the 1st quarter. Ascentis Independent Advisors now owns 3,962 shares of the business services provider’s stock worth $910,000 after purchasing an additional 1,259 shares during the last quarter. Finally, GM Advisory Group LLC lifted its position in Waste Management by 8.2% during the 1st quarter. GM Advisory Group LLC now owns 4,531 shares of the business services provider’s stock valued at $1,041,000 after purchasing an additional 342 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on WM. Wolfe Research initiated coverage on shares of Waste Management in a research report on Friday, March 13th. They set a “peer perform” rating for the company. Weiss Ratings cut shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Wells Fargo & Company lowered their target price 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. TD Cowen increased their price target on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada raised 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. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $255.95.

Waste Management Trading Up 3.3%

Waste Management stock traded up $7.48 during midday trading on Tuesday, hitting $236.46. 481,142 shares of the stock were exchanged, compared to its average volume of 2,220,138. The stock has a market capitalization of $94.96 billion, a PE ratio of 34.23, a P/E/G ratio of 2.41 and a beta of 0.44. The company has a fifty day simple moving average of $220.41 and a two-hundred day simple moving average of $225.46. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 52 week low of $194.11 and a 52 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 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 earnings per share. Equities research analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced 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 yield of 1.6%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s payout ratio is presently 54.70%.

Waste Management Company 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.