Inceptionr LLC Invests $1.72 Million in Waste Management, Inc. $WM

Inceptionr LLC purchased a new position in Waste Management, Inc. (NYSE:WM) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 7,810 shares of the business services provider’s stock, valued at approximately $1,716,000. Waste Management accounts for 0.5% of Inceptionr LLC’s portfolio, making the stock its 17th largest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC acquired a new stake in Waste Management during the fourth quarter valued at approximately $25,000. RHL Group LLC acquired a new stake in shares of Waste Management during the fourth quarter valued at approximately $29,000. JPL Wealth Management LLC acquired a new stake in shares of Waste Management during the third quarter valued at approximately $30,000. Kelleher Financial Advisors acquired a new stake in shares of Waste Management during the fourth quarter valued at approximately $31,000. Finally, Godfrey Financial Associates Inc. acquired a new position in Waste Management in the 4th quarter valued at approximately $34,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Price Performance

NYSE:WM opened at $224.47 on Thursday. The company has a 50-day moving average of $223.23 and a 200-day moving average of $224.71. The company has a market capitalization of $90.14 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 2.31 and a beta of 0.45. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week 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.

Waste Management (NYSE:WM) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.67 EPS. As a group, equities research analysts anticipate that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is 54.70%.

Analyst Ratings Changes

WM has been the topic of several research reports. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a report on Wednesday, May 27th. Royal Bank Of Canada upped their price objective on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Wolfe Research assumed coverage on shares of Waste Management in a report on Friday, March 13th. They issued a “peer perform” rating for the company. Finally, TD Cowen increased their price target on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average price target of $255.30.

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.