North Dallas Bank & Trust Co. Purchases Shares of 2,323 Waste Management, Inc. $WM

North Dallas Bank & Trust Co. purchased a new stake in Waste Management, Inc. (NYSE:WM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,323 shares of the business services provider’s stock, valued at approximately $510,000.

Several other institutional investors and hedge funds also recently modified their holdings of WM. Norges Bank purchased a new stake in shares of Waste Management in the fourth quarter valued at about $1,022,916,000. Capital International Investors lifted its stake in shares of Waste Management by 218.3% during the third quarter. Capital International Investors now owns 1,369,805 shares of the business services provider’s stock valued at $302,494,000 after buying an additional 939,455 shares during the period. Holocene Advisors LP lifted its stake in shares of Waste Management by 163.7% during the third quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider’s stock valued at $309,317,000 after buying an additional 869,453 shares during the period. Vanguard Group Inc. lifted its stake in shares of Waste Management by 2.1% during the third quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock valued at $8,487,924,000 after buying an additional 774,255 shares during the period. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Waste Management by 3,209.2% during the third quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock valued at $150,466,000 after buying an additional 660,776 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WM. JPMorgan Chase & Co. upped their price objective 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. TD Cowen upped their price objective on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wolfe Research began coverage on shares of Waste Management in a research note on Friday, March 13th. They set a “peer perform” rating on the stock. Robert W. Baird upped their price objective on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, May 27th. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management Stock Performance

Shares of WM stock opened at $221.12 on Wednesday. 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 quick ratio of 0.89 and a current ratio of 0.93. The company has a 50 day moving average price of $223.34 and a 200 day moving average price of $224.65. The firm has a market capitalization of $88.80 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.45.

Waste Management (NYSE:WM) last issued its quarterly 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. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the business posted $1.67 earnings per share. Waste Management’s revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Dividend Announcement

The business also recently declared 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 of this dividend is Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.7%. Waste Management’s dividend payout ratio is 54.70%.

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.