Perryman Financial Advisory Inc. AD Purchases New Shares in Waste Management, Inc. $WM

by · The Markets Daily

Perryman Financial Advisory Inc. AD purchased a new stake in Waste Management, Inc. (NYSE:WM – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 58,781 shares of the business services provider’s stock, valued at approximately $12,915,000. Waste Management accounts for approximately 1.9% of Perryman Financial Advisory Inc. AD’s investment portfolio, making the stock its 12th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new stake in Waste Management in the 4th quarter valued at $25,000. RHL Group LLC bought a new stake in Waste Management in the 4th quarter valued at $29,000. Financial Network Wealth Advisors LLC boosted its stake in Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 47 shares during the period. JPL Wealth Management LLC bought a new stake in Waste Management in the 3rd quarter valued at $30,000. Finally, Kelleher Financial Advisors bought a new stake in Waste Management in the 4th quarter valued at $31,000. 80.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WM has been the subject of several recent research reports. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Wells Fargo & Company reduced their price target on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Barclays lifted their price objective on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. TD Cowen lifted their price objective on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $255.30.

Check Out Our Latest Research Report on Waste Management

Waste Management Price Performance

Shares of NYSE WM opened at $219.12 on Monday. The stock has a market capitalization of $87.99 billion, a PE ratio of 31.71, a P/E/G ratio of 2.29 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. The business has a fifty day moving average price of $222.77 and a two-hundred day moving average price of $224.77. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13.

Waste Management (NYSE:WM – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the company posted $1.67 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a $0.945 dividend. 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 dividend payout ratio (DPR) is presently 54.70%.

Waste Management Company Profile

(Free Report)

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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