Bridgeworth LLC Has $240,000 Holdings in Waste Management, Inc. (NYSE:WM)

Bridgeworth LLC cut its stake in shares of Waste Management, Inc. (NYSE:WMGet Rating) by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,513 shares of the business services provider’s stock after selling 100 shares during the period. Bridgeworth LLC’s holdings in Waste Management were worth $240,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Steward Financial Group LLC acquired a new stake in Waste Management during the fourth quarter worth approximately $25,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $25,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Waste Management in the first quarter valued at approximately $32,000. TFO TDC LLC acquired a new stake in shares of Waste Management in the first quarter valued at approximately $34,000. Finally, James Reed Financial Services Inc. acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $37,000. 80.37% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Down 0.2 %

Shares of WM opened at $168.83 on Friday. Waste Management, Inc. has a one year low of $138.58 and a one year high of $170.18. The company has a market cap of $69.78 billion, a P/E ratio of 32.97, a P/E/G ratio of 2.55 and a beta of 0.77. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.07 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $154.06 and a two-hundred day simple moving average of $154.05.

Waste Management (NYSE:WMGet Rating) last posted its earnings results on Wednesday, July 27th. The business services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.08. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Waste Management had a net margin of 11.27% and a return on equity of 30.69%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 earnings per share. Research analysts forecast that Waste Management, Inc. will post 5.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, June 3rd were paid a dividend of $0.65 per share. The ex-dividend date was Thursday, June 2nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.54%. Waste Management’s payout ratio is presently 50.78%.

Insiders Place Their Bets

In other Waste Management news, Director John C. Pope sold 219 shares of the business’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $152.19, for a total transaction of $33,329.61. Following the sale, the director now owns 55,439 shares of the company’s stock, valued at $8,437,261.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on WM. Raymond James lifted their price target on shares of Waste Management from $167.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, April 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Waste Management from $157.00 to $167.00 in a research report on Thursday, April 28th. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 28th. Bank of America upgraded shares of Waste Management from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $155.00 to $165.00 in a research report on Friday, May 13th. Finally, Oppenheimer set a $160.00 price objective on shares of Waste Management in a research report on Tuesday, July 19th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $164.86.

Waste Management Profile

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Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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