Triad Wealth Partners LLC Buys Shares of 345 Waste Management, Inc. (NYSE:WM)

Triad Wealth Partners LLC acquired a new stake in Waste Management, Inc. (NYSE:WM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 345 shares of the business services provider’s stock, valued at approximately $74,000.

Other hedge funds have also made changes to their positions in the company. Parnassus Investments LLC lifted its holdings in shares of Waste Management by 0.3% in the fourth quarter. Parnassus Investments LLC now owns 4,799,687 shares of the business services provider’s stock valued at $859,624,000 after buying an additional 16,213 shares during the period. Norges Bank acquired a new stake in shares of Waste Management during the fourth quarter worth $784,486,000. Capital World Investors lifted its holdings in shares of Waste Management by 44.6% during the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock valued at $900,957,000 after purchasing an additional 1,303,466 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Waste Management by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,997,367 shares of the business services provider’s stock worth $357,729,000 after purchasing an additional 38,828 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Waste Management by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,931,135 shares of the business services provider’s stock worth $345,851,000 after buying an additional 17,254 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

Waste Management stock traded down $1.51 during trading hours on Friday, hitting $205.40. The stock had a trading volume of 1,536,923 shares, compared to its average volume of 1,709,305. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $225.00. The company has a market cap of $82.43 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.31 and a beta of 0.74. The company has a 50-day moving average of $208.93 and a two-hundred day moving average of $206.92. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. The firm had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.51 EPS. On average, equities research analysts anticipate that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Insider Buying and Selling at Waste Management

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the transaction, the vice president now directly owns 44,144 shares in the company, valued at $9,711,680. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the sale, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Michael J. Watson sold 1,500 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the sale, the vice president now owns 44,144 shares of the company’s stock, valued at approximately $9,711,680. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

WM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Waste Management in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Robert W. Baird decreased their target price on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Truist Financial reduced their price target on Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, BMO Capital Markets decreased their price objective on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a report on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $215.83.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.