Constitution Capital LLC Cuts Position in Waste Management, Inc. $WM

Constitution Capital LLC lessened its position in Waste Management, Inc. (NYSE:WM) by 52.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,860 shares of the business services provider’s stock after selling 6,425 shares during the quarter. Constitution Capital LLC’s holdings in Waste Management were worth $1,306,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC purchased a new position in shares of Waste Management in the 4th quarter worth about $25,000. Financial Network Wealth Advisors LLC raised its holdings in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after buying an additional 47 shares in the last quarter. RHL Group LLC bought a new stake in Waste Management in the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. bought a new stake in Waste Management in the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC purchased a new stake in Waste Management in the third quarter worth approximately $30,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 0.5%

Shares of Waste Management stock opened at $226.52 on Tuesday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The stock has a market capitalization of $90.54 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 2.80 and a beta of 0.44. The company’s 50 day moving average price is $226.97 and its 200-day moving average price is $227.95.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. The company had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.92 EPS. Equities research analysts forecast that Waste Management, Inc. will post 8.14 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on WM shares. Canadian Imperial Bank of Commerce downgraded shares of Waste Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Oppenheimer reduced their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Scotiabank lifted their target price on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Weiss Ratings raised shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Finally, Citigroup upped their price target on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Company 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.