VCI Wealth Management LLC Has $2.18 Million Holdings in Waste Management, Inc. $WM

VCI Wealth Management LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 30.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,796 shares of the business services provider’s stock after buying an additional 2,289 shares during the quarter. VCI Wealth Management LLC’s holdings in Waste Management were worth $2,183,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of WM. Broadway Wealth Solutions Inc. increased its position in Waste Management by 2.8% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock valued at $349,000 after buying an additional 44 shares in the last quarter. Bey Douglas LLC increased its holdings in shares of Waste Management by 3.7% during the fourth quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock valued at $271,000 after acquiring an additional 44 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its position in shares of Waste Management by 1.9% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock worth $527,000 after purchasing an additional 45 shares during the period. Physician Wealth Advisors Inc. grew its position in Waste Management by 10.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 485 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 45 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in Waste Management by 0.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,348 shares of the business services provider’s stock worth $1,395,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $223.95 on Tuesday. The firm has a market cap of $89.52 billion, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 2.76 and a beta of 0.44. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The company’s 50 day moving average is $227.77 and its 200-day moving average is $227.81. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13.

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

Analysts Set New Price Targets

Several analysts have recently commented on the company. Scotiabank increased their price objective on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 16th. Wells Fargo & Company cut 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. Oppenheimer cut their price objective 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. Barclays upped their target price on shares of Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 7th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.