11,700 Shares in Waste Management, Inc. $WM Purchased by Field & Main Bank

Field & Main Bank acquired a new stake in Waste Management, Inc. (NYSE:WM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 11,700 shares of the business services provider's stock, valued at approximately $2,608,000.

A number of other large investors also recently modified their holdings of WM. RHL Group LLC bought a new position in Waste Management in the 4th quarter valued at $29,000. Financial Network Wealth Advisors LLC boosted its holdings in Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider's stock valued at $29,000 after acquiring an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in Waste Management in the fourth quarter worth about $29,000. JPL Wealth Management LLC bought a new stake in Waste Management during the 3rd quarter worth about $30,000. Finally, Main Street Group LTD acquired a new position in Waste Management during the 1st quarter valued at about $31,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Up 1.0%

NYSE:WM opened at $219.88 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The business's 50-day simple moving average is $228.60 and its 200-day simple moving average is $227.62. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The stock has a market capitalization of $87.89 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.75 and a beta of 0.44.

Waste Management (NYSE:WM - Get Free Report) last announced its 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. The firm had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business's quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.92 EPS. Sell-side analysts expect that Waste Management, Inc. will post 8.13 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, September 11th. Waste Management's dividend payout ratio is 53.54%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank Of Canada lifted their target price on shares of Waste Management from $240.00 to $244.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. Scotiabank raised their target price on Waste Management from $250.00 to $260.00 and gave the stock a "sector perform" rating in a report on Thursday, July 16th. UBS Group upped their price target on Waste Management from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Weiss Ratings downgraded shares of Waste Management from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday. Finally, Stifel Nicolaus boosted 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. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.89.

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.

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