United Capital Financial Advisers LLC decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 5.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,827 shares of the business services provider’s stock after selling 2,227 shares during the period. United Capital Financial Advisers LLC’s holdings in Waste Management were worth $2,685,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of WM. Quadrant Capital Group LLC boosted its position in Waste Management by 5.8% in the first quarter. Quadrant Capital Group LLC now owns 1,424 shares of the business services provider’s stock worth $100,000 after buying an additional 78 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after buying an additional 14 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in Waste Management during the first quarter worth approximately $127,000. Parallel Advisors LLC boosted its position in Waste Management by 38.1% in the first quarter. Parallel Advisors LLC now owns 1,787 shares of the business services provider’s stock worth $130,000 after buying an additional 493 shares in the last quarter. Finally, Pinnacle Bank acquired a new position in Waste Management during the first quarter worth approximately $131,000. Institutional investors and hedge funds own 75.53% of the company’s stock.
Shares of Waste Management, Inc. (WM) traded up 0.40% on Wednesday, reaching $76.00. The company had a trading volume of 1,663,727 shares. The company’s 50 day moving average price is $74.61 and its 200-day moving average price is $72.99. The stock has a market capitalization of $33.44 billion, a P/E ratio of 26.03 and a beta of 0.71. Waste Management, Inc. has a 1-year low of $61.08 and a 1-year high of $76.25.
Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. Equities analysts predict that Waste Management, Inc. will post $3.19 EPS for the current year.
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A number of research analysts have recently commented on WM shares. Zacks Investment Research cut Waste Management from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Oppenheimer Holdings, Inc. upped their target price on Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, July 5th. Finally, KeyCorp upped their target price on Waste Management from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Waste Management currently has an average rating of “Hold” and an average price target of $75.51.
In other news, CEO James C. Fish, Jr. sold 3,500 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $72.19, for a total value of $252,665.00. Following the completion of the sale, the chief executive officer now directly owns 151,162 shares of the company’s stock, valued at $10,912,384.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick W. Gross sold 487 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total transaction of $36,369.16. Following the completion of the sale, the director now directly owns 23,222 shares of the company’s stock, valued at $1,734,218.96. The disclosure for this sale can be found here. Insiders sold 4,440 shares of company stock valued at $322,728 in the last 90 days. 0.19% of the stock is currently owned by insiders.
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.
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