Blair William & Co. IL Has $109.65 Million Stock Holdings in Waste Management, Inc. $WM

Blair William & Co. IL grew its position in shares of Waste Management, Inc. (NYSE:WM) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 499,048 shares of the business services provider’s stock after purchasing an additional 14,451 shares during the period. Blair William & Co. IL’s holdings in Waste Management were worth $109,646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Broadway Wealth Solutions Inc. lifted its stake 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 during the period. Bey Douglas LLC lifted its stake in shares of Waste Management by 3.7% in the fourth quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock worth $271,000 after acquiring an additional 44 shares during the period. San Luis Wealth Advisors LLC lifted its stake 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 during the period. Birch Hill Investment Advisors LLC lifted its stake 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 during the period. Finally, Cassaday & Co Wealth Management LLC lifted its stake in shares of Waste Management by 1.9% in 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 period. 80.40% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Waste Management

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Commentary today reiterated that WM’s irreplaceable physical network supports predictable, inflation-protected cash flow, reinforcing the stock’s appeal as a long-term “forever” holding. Why This Once-in-a-Decade Selloff Makes One Waste Management Company a Forever Stock
• Positive Sentiment: WM also reinforced its brand and operational discipline by updating its Recycle Right® guidance to warn customers not to place batteries in recycling or trash bins, a move that highlights safety focus and could help reduce facility fire risk. WM Updates Recycle Right® Rules: No Batteries in Recycling or Trash
• Neutral Sentiment: Several items referenced capital-markets activity around Waste Management entities, including debt issuance in Canada, which may support financing flexibility but does not appear to be a major stock-moving catalyst for WM’s core U.S. operations. Waste Management eyes selling $750 million in bonds
• Negative Sentiment: WM shares have recently softened amid a broader selloff in industrials and a market session where the stock fell while the wider market rose, suggesting some near-term profit-taking or valuation pressure. Waste Management (WM) Stock Sinks As Market Gains: What You Should Know

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on WM shares. Barclays lifted their price objective on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Wells Fargo & Company cut their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. TD Cowen boosted their price target on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada boosted their price target on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $255.30.

Waste Management Trading Up 0.8%

NYSE WM opened at $218.73 on Wednesday. The company has a market cap of $87.84 billion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 2.27 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 business has a 50 day moving average price of $222.08 and a 200-day moving average price of $224.79. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22.

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, beating the consensus estimate of $1.75 by $0.06. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 earnings per share. As a group, equities analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Announces Dividend

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