Prevail Innovative Wealth Advisors LLC Makes New Investment in Waste Management, Inc. $WM

Prevail Innovative Wealth Advisors LLC bought a new stake in shares of Waste Management, Inc. (NYSE:WM) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 12,674 shares of the business services provider’s stock, valued at approximately $2,825,000.

Other large investors also recently modified their holdings of the company. Elevated Capital Advisors LLC acquired a new stake in Waste Management during the fourth quarter worth about $25,000. Financial Network Wealth Advisors LLC boosted its stake in Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 47 shares during the period. RHL Group LLC bought a new position in shares of Waste Management during the fourth quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Waste Management during the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Waste Management during the 3rd quarter worth approximately $30,000. 80.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group boosted their price objective on Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Wells Fargo & Company dropped their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings raised shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 7th. Oppenheimer lowered their price target on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Finally, TD Cowen lifted their price objective on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Stock Down 0.3%

Shares of Waste Management stock opened at $226.19 on Thursday. The business’s fifty day moving average price is $227.43 and its two-hundred day moving average price is $227.93. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market capitalization of $90.41 billion, a P/E ratio of 32.04, a PEG ratio of 2.79 and a beta of 0.44. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $248.13.

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

Waste Management 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.