Waste Management, Inc. $WM Shares Bought by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 154.7% in the 1st quarter, HoldingsChannel reports. The firm owned 7,913 shares of the business services provider’s stock after buying an additional 4,806 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Waste Management were worth $1,818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WM. Elevated Capital Advisors LLC acquired a new position in Waste Management in the 4th quarter valued at about $25,000. RHL Group LLC acquired a new stake in shares of Waste Management during the 4th quarter worth about $29,000. Financial Network Wealth Advisors LLC grew its stake in Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after acquiring an additional 47 shares during the period. Mcguire Capital Advisors Inc. acquired a new stake in shares of Waste Management during the fourth quarter worth $29,000. Finally, JPL Wealth Management LLC acquired a new position in Waste Management in the third quarter valued at $30,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on WM. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Royal Bank Of Canada raised their target price on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. TD Cowen upped their price target on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $255.30.

Waste Management Stock Up 0.6%

Shares of NYSE:WM opened at $224.31 on Thursday. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a market capitalization of $90.08 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 2.33 and a beta of 0.44. 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 company has a 50 day moving average of $220.16 and a two-hundred day moving average of $225.28.

Waste Management (NYSE:WM) last released 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 return on equity of 31.90% and a net margin of 10.99%.The business had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the firm posted $1.67 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. As a group, analysts forecast that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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

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.