Gilpin Wealth Management LLC Invests $795,000 in Waste Management, Inc. $WM

Gilpin Wealth Management LLC bought a new position in Waste Management, Inc. (NYSE:WM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,620 shares of the business services provider’s stock, valued at approximately $795,000.

Other hedge funds have also recently modified their holdings of the company. Elevated Capital Advisors LLC purchased a new position in shares of Waste Management in the fourth quarter worth $25,000. RHL Group LLC purchased a new position in shares of Waste Management in the fourth quarter worth $29,000. JPL Wealth Management LLC purchased a new position in shares of Waste Management in the third quarter worth $30,000. Kelleher Financial Advisors purchased a new position in shares of Waste Management in the fourth quarter worth $31,000. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of Waste Management in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 1.4%

WM stock opened at $224.47 on Thursday. The firm’s fifty day simple moving average is $223.23 and its two-hundred day simple moving average is $224.71. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $90.14 billion, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 2.31 and a beta of 0.45.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the business earned $1.67 EPS. Waste Management’s revenue was up 3.5% compared to the same quarter last year. As a group, analysts anticipate that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.945 dividend. The ex-dividend date is Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. Waste Management’s dividend payout ratio is presently 54.70%.

Analysts Set New Price Targets

Several equities analysts have recently commented on WM shares. Robert W. Baird boosted their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, May 27th. Wells Fargo & Company decreased their price target on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Finally, Royal Bank Of Canada upped their price target on shares of Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average 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.