North Dallas Bank & Trust Co. Invests $510,000 in Waste Management, Inc. $WM

North Dallas Bank & Trust Co. acquired a new position in Waste Management, Inc. (NYSE:WM) in the 4th quarter, Holdings Channel reports. The firm acquired 2,323 shares of the business services provider’s stock, valued at approximately $510,000.

Several other large investors also recently made changes to their positions in the business. Broadway Wealth Solutions Inc. increased its position in shares of Waste Management by 2.8% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock worth $349,000 after acquiring an additional 44 shares in the last quarter. San Luis Wealth Advisors LLC increased its position in shares of Waste Management by 2.4% in the fourth quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock worth $422,000 after acquiring an additional 45 shares in the last quarter. Birch Hill Investment Advisors LLC increased its position 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 acquiring an additional 45 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its holdings in Waste Management by 1.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock valued at $527,000 after purchasing an additional 45 shares in the last quarter. Finally, Old Port Advisors grew its holdings in Waste Management by 0.3% during the 4th quarter. Old Port Advisors now owns 16,963 shares of the business services provider’s stock valued at $3,727,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on WM. Royal Bank Of Canada raised their price target on shares of Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. TD Cowen raised 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. Wells Fargo & Company lowered their price target on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Wolfe Research began coverage on shares of Waste Management in a report on Friday, March 13th. They set a “peer perform” rating for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a report on Wednesday, May 27th. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $255.30.

Waste Management Price Performance

Shares of WM stock opened at $221.12 on Wednesday. The firm has a market cap of $88.80 billion, a P/E ratio of 32.00, a P/E/G ratio of 2.26 and a beta of 0.45. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $248.13. The firm has a fifty day moving average of $223.34 and a two-hundred day moving average of $224.65.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to analyst estimates 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 business earned $1.67 EPS. As a group, research analysts anticipate that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is currently 54.70%.

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.