Clearstead Trust LLC Sells 13,677 Shares of Waste Management, Inc. $WM

Clearstead Trust LLC trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 95.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 696 shares of the business services provider's stock after selling 13,677 shares during the period. Clearstead Trust LLC's holdings in Waste Management were worth $155,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Waste Management by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider's stock worth $8,566,508,000 after purchasing an additional 553,605 shares in the last quarter. 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 purchasing an additional 281,456 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Waste Management by 1.3% in the 4th 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 period. Norges Bank acquired a new position in shares of Waste Management in the 4th quarter worth approximately $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 buying an additional 11,688 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Price Performance

Waste Management stock opened at $223.71 on Wednesday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91. The firm has a market cap of $89.42 billion, a P/E ratio of 31.69, a P/E/G ratio of 2.76 and a beta of 0.44. The business's fifty day moving average is $227.83 and its two-hundred day moving average is $227.75. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13.

Waste Management (NYSE:WM - Get Free Report) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.04. The company had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.92 earnings per share. Equities research analysts forecast that Waste Management, Inc. will post 8.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WM has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price target on Waste Management from $252.00 to $261.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. TD Cowen lifted their price objective on Waste Management from $270.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, April 30th. UBS Group boosted their target price on shares of Waste Management from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Citigroup upped their target price on shares of Waste Management from $263.00 to $269.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Finally, Royal Bank Of Canada lifted their price target on shares of Waste Management from $240.00 to $244.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.

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