58,781 Shares in Waste Management, Inc. $WM Bought by Perryman Financial Advisory Inc. AD

Perryman Financial Advisory Inc. AD acquired a new position in shares of Waste Management, Inc. (NYSE:WM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 58,781 shares of the business services provider’s stock, valued at approximately $12,915,000. Waste Management comprises approximately 1.9% of Perryman Financial Advisory Inc. AD’s portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Potomac Fund Management Inc. ADV grew its stake in shares of Waste Management by 34.8% in the fourth quarter. Potomac Fund Management Inc. ADV now owns 4,311 shares of the business services provider’s stock worth $947,000 after purchasing an additional 1,112 shares during the last quarter. Piedmont Capital Management LLC NC bought a new stake in shares of Waste Management in the fourth quarter worth $285,000. Resources Management Corp CT ADV grew its position in shares of Waste Management by 437.0% in the 4th quarter. Resources Management Corp CT ADV now owns 34,000 shares of the business services provider’s stock valued at $7,470,000 after buying an additional 27,669 shares during the last quarter. Sargent Investment Group LLC bought a new stake in shares of Waste Management in the 4th quarter valued at about $233,000. Finally, SHUTTLEWORTH & Co grew its position in shares of Waste Management by 2.2% in the 4th quarter. SHUTTLEWORTH & Co now owns 10,201 shares of the business services provider’s stock valued at $2,241,000 after buying an additional 218 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 0.1%

Shares of Waste Management stock opened at $219.12 on Monday. Waste Management, Inc. has a one year low of $194.11 and a one year 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. The stock’s 50-day moving average is $222.77 and its 200 day moving average is $224.77. The firm has a market cap of $87.99 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 2.29 and a beta of 0.45.

Waste Management (NYSE:WM) last announced 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. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a dividend of $0.945 per share. The ex-dividend date is Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. Waste Management’s dividend payout ratio is presently 54.70%.

Analyst Upgrades and Downgrades

WM has been the topic of a number of analyst reports. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Wells Fargo & Company reduced their price target on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Barclays upped their price target on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Wolfe Research initiated coverage on Waste Management in a research report on Friday, March 13th. They issued a “peer perform” rating on the stock. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently 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.