VCI Wealth Management LLC Invests $1.73 Million in Waste Management, Inc. $WM

VCI Wealth Management LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM) in the first quarter, Holdings Channel.com reports. The fund bought 7,507 shares of the business services provider’s stock, valued at approximately $1,725,000.

A number of other institutional investors have also bought and sold shares of WM. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in shares of Waste Management during the fourth quarter worth approximately $10,206,000. Capital Advisors Inc. OK boosted its stake in shares of Waste Management by 2.0% in the 4th quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock valued at $43,192,000 after purchasing an additional 3,880 shares in the last quarter. Central Bank & Trust Co. grew its holdings in shares of Waste Management by 333.1% during the 4th quarter. Central Bank & Trust Co. now owns 8,442 shares of the business services provider’s stock valued at $1,855,000 after purchasing an additional 6,493 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Waste Management by 15.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 793,346 shares of the business services provider’s stock worth $173,774,000 after purchasing an additional 104,843 shares during the period. Finally, Goodman Financial Corp bought a new stake in Waste Management in the fourth quarter worth $16,898,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 1.4%

NYSE:WM opened at $226.12 on Friday. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $248.13. The firm’s 50-day moving average price is $220.19 and its 200-day moving average price is $224.89. The company has a market capitalization of $90.80 billion, a PE ratio of 32.72, a P/E/G ratio of 2.33 and a beta of 0.45. 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 released its earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS 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 the consensus estimate of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 earnings per share. On average, equities analysts predict that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, June 5th. Waste Management’s payout ratio is currently 54.70%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada raised their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Robert W. Baird increased their target price on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. TD Cowen lifted their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.30.

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.