Chilton Capital Management LLC Has $38.87 Million Position in Waste Management, Inc. $WM

Chilton Capital Management LLC raised its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 174,390 shares of the business services provider's stock after purchasing an additional 4,968 shares during the period. Waste Management accounts for 1.2% of Chilton Capital Management LLC's portfolio, making the stock its 26th largest holding. Chilton Capital Management LLC's holdings in Waste Management were worth $38,868,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Waste Management by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider's stock worth $8,566,508,000 after acquiring an additional 553,605 shares during the period. State Street Corp boosted its holdings in Waste Management by 1.6% during the fourth quarter. State Street Corp now owns 17,390,748 shares of the business services provider's stock valued at $3,820,921,000 after acquiring an additional 281,456 shares during the period. Geode Capital Management LLC grew its position in shares of Waste Management by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider's stock valued at $1,972,371,000 after purchasing an additional 117,476 shares during the last quarter. Norges Bank bought a new position in shares of Waste Management in the fourth quarter worth about $1,022,916,000. Finally, Northern Trust Corp lifted its position in shares of Waste Management by 0.3% during the 3rd quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider's stock worth $873,276,000 after purchasing an additional 11,688 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Price Performance

Shares of WM stock opened at $224.73 on Monday. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The company has a market capitalization of $89.83 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.76 and a beta of 0.44. The stock has a 50 day moving average of $227.62 and a two-hundred day moving average of $227.86. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.04. The business had revenue of $6.68 billion for 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%.Waste Management's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 earnings per share. As a group, equities analysts expect that Waste Management, Inc. will post 8.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Scotiabank raised their target price on Waste Management from $250.00 to $260.00 and gave the company a "sector perform" rating in a report on Thursday, July 16th. Citigroup increased their price objective on Waste Management from $263.00 to $269.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Canadian Imperial Bank of Commerce lowered shares of Waste Management from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 29th. Barclays upped their target price on shares of Waste Management from $270.00 to $277.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company reduced their price target on shares of Waste Management from $273.00 to $268.00 and set an "overweight" rating for the company in a 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $258.89.

About Waste Management

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.

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