RDA Financial Network Acquires 2,277 Shares of Waste Management, Inc. $WM

RDA Financial Network grew its holdings in Waste Management, Inc. (NYSE:WM) by 26.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,028 shares of the business services provider’s stock after acquiring an additional 2,277 shares during the period. RDA Financial Network’s holdings in Waste Management were worth $2,458,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Broadway Wealth Solutions Inc. lifted its holdings in Waste Management by 2.8% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock worth $349,000 after purchasing an additional 44 shares in the last quarter. Bey Douglas LLC grew its holdings in Waste Management by 3.7% during the 4th quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock valued at $271,000 after buying an additional 44 shares in the last quarter. San Luis Wealth Advisors LLC raised its position in shares of Waste Management by 2.4% during the fourth quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock valued at $422,000 after buying an additional 45 shares during the last quarter. Birch Hill Investment Advisors LLC lifted its holdings in shares of Waste Management by 0.7% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock worth $1,341,000 after buying an additional 45 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its position in shares of Waste Management by 1.9% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock worth $527,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

WM has been the topic of a number of research reports. Oppenheimer reduced their price target on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Stifel Nicolaus increased their price objective on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective 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 lifted their target price on Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Robert W. Baird increased their price target on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $258.33.

Waste Management Price Performance

Waste Management stock opened at $226.47 on Tuesday. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The firm’s fifty day moving average is $225.69 and its 200 day moving average is $227.73. The company has a market cap of $90.52 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.79 and a beta of 0.44.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the company posted $1.92 EPS. The business’s revenue was up 4.0% on a year-over-year basis. Sell-side analysts forecast that Waste Management, Inc. will post 8.13 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is currently 53.54%.

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.