Franklin Street Advisors Inc. NC Raises Stake in Waste Management, Inc. (NYSE:WM)

Franklin Street Advisors Inc. NC grew its position in Waste Management, Inc. (NYSE:WM) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,607 shares of the business services provider’s stock after purchasing an additional 1,379 shares during the quarter. Waste Management makes up approximately 1.3% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 28th largest holding. Franklin Street Advisors Inc. NC’s holdings in Waste Management were worth $8,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in WM. Fiduciary Trust Co. bought a new stake in Waste Management during the 2nd quarter worth about $195,000. Columbia Asset Management purchased a new position in shares of Waste Management in the 2nd quarter worth $885,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Waste Management by 1.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,845 shares of the business services provider’s stock worth $1,383,000 after buying an additional 312 shares during the last quarter. AJO LP boosted its stake in shares of Waste Management by 107.4% in the 2nd quarter. AJO LP now owns 362,854 shares of the business services provider’s stock worth $26,615,000 after buying an additional 187,869 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of Waste Management by 9.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 34,100 shares of the business services provider’s stock worth $2,501,000 after buying an additional 3,016 shares during the last quarter. 74.93% of the stock is currently owned by institutional investors.

In other news, SVP Barry H. Caldwell sold 1,650 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total value of $133,815.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by insiders.

A number of research firms have recently issued reports on WM. Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus restated a “buy” rating and issued a $100.00 price target on shares of Waste Management in a research note on Thursday, January 4th. BMO Capital Markets raised their price target on Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Oppenheimer raised their price target on Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Finally, Credit Suisse Group set a $90.00 price target on Waste Management and gave the stock a “buy” rating in a research note on Monday, October 30th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $86.78.

Waste Management, Inc. (NYSE:WM) traded up $0.31 during midday trading on Wednesday, reaching $88.47. The company had a trading volume of 963,163 shares, compared to its average volume of 1,715,530. The stock has a market capitalization of $38,440.00, a P/E ratio of 28.45, a PEG ratio of 2.65 and a beta of 0.75. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. Waste Management, Inc. has a 12 month low of $69.00 and a 12 month high of $88.73.

Waste Management (NYSE:WM) last released its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.71 billion. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. Waste Management’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. sell-side analysts anticipate that Waste Management, Inc. will post 3.2 earnings per share for the current fiscal year.

Waste Management declared that its Board of Directors has approved a stock buyback plan on Thursday, December 14th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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Waste Management Company Profile

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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