Catalina Capital Group LLC Grows Stock Holdings in Waste Management, Inc. (NYSE:WM)

Catalina Capital Group LLC lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,997 shares of the business services provider’s stock after purchasing an additional 58 shares during the period. Catalina Capital Group LLC’s holdings in Waste Management were worth $426,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WM. ARS Wealth Advisors Group LLC grew its holdings in Waste Management by 3.1% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 47 shares in the last quarter. McClarren Financial Advisors Inc. grew its holdings in Waste Management by 29.7% during the 1st quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 49 shares in the last quarter. Mayflower Financial Advisors LLC grew its holdings in Waste Management by 1.2% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider’s stock valued at $911,000 after purchasing an additional 50 shares in the last quarter. Cypress Asset Management Inc. TX grew its holdings in Waste Management by 1.2% during the 1st quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock valued at $907,000 after purchasing an additional 50 shares in the last quarter. Finally, GYL Financial Synergies LLC grew its holdings in Waste Management by 3.8% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider’s stock worth $290,000 after acquiring an additional 50 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WM has been the topic of several research analyst reports. Erste Group Bank reaffirmed a “hold” rating on shares of Waste Management in a research report on Friday, June 14th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Royal Bank of Canada reduced their price objective on Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. TD Cowen boosted their target price on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, Robert W. Baird reduced their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $215.83.

Waste Management Stock Performance

Waste Management stock traded down $0.14 during mid-day trading on Friday, hitting $209.98. 810,828 shares of the company’s stock traded hands, compared to its average volume of 1,691,846. The firm has a 50 day moving average price of $209.62 and a 200 day moving average price of $207.66. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. The company has a market cap of $84.22 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74. Waste Management, Inc. has a one year low of $149.71 and a one year high of $225.00.

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

Insider Transactions at Waste Management

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

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.