O Domhnaill Enterprises Inc. Grows Position in Waste Management, Inc. $WM

O Domhnaill Enterprises Inc. boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 24.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 11,107 shares of the business services provider’s stock after buying an additional 2,193 shares during the period. Waste Management comprises 2.1% of O Domhnaill Enterprises Inc.’s holdings, making the stock its 18th biggest position. O Domhnaill Enterprises Inc.’s holdings in Waste Management were worth $2,552,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of Waste Management during the 1st quarter valued at about $311,000. Schear Investment Advisers LLC bought a new stake in shares of Waste Management in the first quarter worth about $208,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Waste Management by 36.4% in 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 buying an additional 2,566 shares in the last quarter. Whittier Trust Co. boosted its stake in Waste Management by 2.1% during the first quarter. Whittier Trust Co. now owns 14,503 shares of the business services provider’s stock valued at $3,391,000 after buying an additional 297 shares during the last quarter. Finally, Bogart Wealth LLC grew its holdings in Waste Management by 93.5% during the 1st quarter. Bogart Wealth LLC now owns 180 shares of the business services provider’s stock valued at $41,000 after buying an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 3.1%

NYSE WM traded up $7.08 on Tuesday, hitting $236.06. 497,249 shares of the stock were exchanged, compared to its average volume of 2,220,138. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The firm has a market capitalization of $94.79 billion, a P/E ratio of 34.17, a P/E/G ratio of 2.41 and a beta of 0.44. The stock has a fifty day moving average price of $220.41 and a two-hundred day moving average price of $225.46.

Waste Management (NYSE:WM) last announced its earnings results 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. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts forecast that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a $0.945 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is presently 54.70%.

Analyst Upgrades and Downgrades

WM has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Wolfe Research started coverage on shares of Waste Management in a research report on Friday, March 13th. They issued a “peer perform” rating on the stock. TD Cowen increased their price objective on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their price objective on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Waste Management currently has a consensus 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.