4,467 Shares in Waste Management, Inc. $WM Acquired by NBH Bank

NBH Bank bought a new stake in shares of Waste Management, Inc. (NYSE:WM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,467 shares of the business services provider’s stock, valued at approximately $996,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. AlphaGrep UK Ltd bought a new position in Waste Management in the 2nd quarter worth $275,000. Maloon Powers Pitre Higgins & Dennehy LLC bought a new stake in Waste Management during the second quarter valued at about $313,000. Markowski Investments purchased a new stake in Waste Management in the second quarter worth about $38,000. Oakmont Investment Advisors Inc. purchased a new stake in Waste Management in the second quarter worth about $1,115,000. Finally, Strive Financial Group LLC raised its stake in shares of Waste Management by 1,440.9% in the second quarter. Strive Financial Group LLC now owns 339 shares of the business services provider’s stock worth $76,000 after buying an additional 317 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce cut shares of Waste Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Citigroup lifted their price target on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. UBS Group increased their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Stifel Nicolaus raised their price objective on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $258.89.

Waste Management Stock Down 1.3%

Shares of WM opened at $218.90 on Friday. The business’s 50 day moving average is $228.48 and its 200 day moving average is $227.17. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a market capitalization of $87.50 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 2.80 and a beta of 0.42.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The business had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the prior year, the company posted $1.92 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts expect that Waste Management, Inc. will post 8.13 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 11th. Waste Management’s dividend payout ratio (DPR) is presently 53.54%.

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.