NBH Bank Purchases Shares of 4,467 Waste Management, Inc. $WM

NBH Bank acquired a new position in Waste Management, Inc. (NYSE:WM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,467 shares of the business services provider’s stock, valued at approximately $996,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Waste Management during the fourth quarter valued at $1,022,916,000. Morgan Stanley Institutional Investment Advisors LLC bought a new position in Waste Management during the second quarter valued at $322,479,000. Corient Private Wealth LLC grew its stake in shares of Waste Management by 279.0% in the 4th quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock worth $236,387,000 after buying an additional 792,037 shares in the last quarter. Diamant Asset Management Inc. increased its holdings in shares of Waste Management by 23,051.5% in the 1st quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock worth $17,716,000 after buying an additional 767,615 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Waste Management by 3,209.2% during the 3rd 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 in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WM shares. Stifel Nicolaus increased their price target 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. Royal Bank Of Canada upped their price objective on Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. UBS Group lifted their target price on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Citigroup increased their price target on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $258.89.

Waste Management Stock Down 1.3%

Shares of WM opened at $218.90 on Friday. The firm has a fifty day moving average price of $228.48 and a 200-day moving average price of $227.17. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $87.50 billion, a P/E ratio of 31.01, a P/E/G ratio of 2.80 and a beta of 0.42. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the firm posted $1.92 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts expect that Waste Management, Inc. will post 8.13 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be 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 of this dividend is Friday, September 11th. Waste Management’s payout ratio is currently 53.54%.

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.