Waste Management, Inc. (NYSE:WM) Shares Purchased by Ameliora Wealth Management Ltd.

Ameliora Wealth Management Ltd. boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 994.7% in the second quarter, HoldingsChannel.com reports. The fund owned 13,684 shares of the business services provider’s stock after acquiring an additional 12,434 shares during the quarter. Waste Management comprises about 1.3% of Ameliora Wealth Management Ltd.’s portfolio, making the stock its 27th largest holding. Ameliora Wealth Management Ltd.’s holdings in Waste Management were worth $2,919,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Hexagon Capital Partners LLC raised its holdings in shares of Waste Management by 170.5% during the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Waste Management during the 2nd quarter worth about $31,000. Sachetta LLC acquired a new position in shares of Waste Management in the 4th quarter valued at about $27,000. Opal Wealth Advisors LLC purchased a new stake in shares of Waste Management in the first quarter worth about $35,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Waste Management during the fourth quarter worth about $36,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Up 0.4 %

Shares of Waste Management stock traded up $0.81 during trading hours on Tuesday, hitting $203.92. The company had a trading volume of 2,286,027 shares, compared to its average volume of 1,715,307. The company’s 50-day moving average is $208.70 and its two-hundred day moving average is $206.79. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $225.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. The company has a market cap of $81.84 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its 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. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.43 billion. During the same quarter in the prior year, the business posted $1.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WM shares. Stifel Nicolaus upped their price objective on Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. TD Cowen lifted their price objective on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a report on Monday, April 29th. The Goldman Sachs Group raised shares of Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Truist Financial dropped their price objective on Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Finally, Robert W. Baird cut their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $215.83.

Insiders Place Their Bets

In other Waste Management news, 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 completion of the transaction, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the transaction, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael J. Watson sold 1,500 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the transaction, 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. 0.18% of the stock is owned by insiders.

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.