Kestra Advisory Services LLC Purchases 18,776 Shares of Waste Management, Inc. $WM

Kestra Advisory Services LLC raised its position in shares of Waste Management, Inc. (NYSE:WM) by 13.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,461 shares of the business services provider’s stock after acquiring an additional 18,776 shares during the period. Kestra Advisory Services LLC’s holdings in Waste Management were worth $35,264,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Waste Management during the 4th quarter valued at approximately $1,022,916,000. Holocene Advisors LP increased its position in Waste Management by 163.7% in the 3rd quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider’s stock worth $309,317,000 after buying an additional 869,453 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Waste Management by 279.0% during the fourth 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 during the last quarter. Diamant Asset Management Inc. boosted its position in shares of Waste Management by 23,051.5% in the first quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock valued at $17,716,000 after acquiring an additional 767,615 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in shares of Waste Management by 3,209.2% in the third quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock worth $150,466,000 after acquiring an additional 660,776 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on WM. TD Cowen upped their target price on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wolfe Research started coverage on shares of Waste Management in a report on Friday, March 13th. They set a “peer perform” rating on the stock. Citigroup upped their price objective on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank Of Canada lifted their target price on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report 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. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $256.20.

Waste Management Stock Performance

WM traded up $1.83 during trading on Friday, reaching $233.50. 1,033,338 shares of the company’s stock were exchanged, compared to its average volume of 2,243,656. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The company has a market capitalization of $93.77 billion, a P/E ratio of 33.79, a PEG ratio of 2.43 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 business has a 50 day moving average price of $220.79 and a 200 day moving average price of $225.93.

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, topping analysts’ consensus estimates of $1.75 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate 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 firm earned $1.67 EPS. As a group, analysts predict that Waste Management, Inc. will post 8.14 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s payout ratio is presently 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.