Cornerstone Advisors LLC acquired a new stake in Waste Management, Inc. (NYSE:WM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 18,897 shares of the business services provider's stock, valued at approximately $4,212,000.
Several other institutional investors and hedge funds have also bought and sold shares of WM. Financial Network Wealth Advisors LLC increased its position in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider's stock worth $29,000 after purchasing an additional 47 shares during the last quarter. RHL Group LLC acquired a new stake in shares of Waste Management in the 4th quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. bought a new position in shares of Waste Management in the fourth quarter valued at $29,000. JPL Wealth Management LLC acquired a new position in Waste Management during the third quarter worth $30,000. Finally, Main Street Group LTD acquired a new position in Waste Management during the first quarter worth $31,000. Institutional investors own 80.40% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on WM shares. Royal Bank Of Canada increased their price target on shares of Waste Management from $240.00 to $244.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. 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 report on Thursday, July 30th. TD Cowen raised their target price on shares of Waste Management from $270.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce cut Waste Management from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded Waste Management from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $258.89.
Check Out Our Latest Report on WM
Waste Management Price Performance
NYSE:WM opened at $225.17 on Friday. The company has a market cap of $90.00 billion, a P/E ratio of 31.89, a P/E/G ratio of 2.77 and a beta of 0.44. The firm's fifty day moving average price is $227.96 and its two-hundred day moving average price is $227.79. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87.
Waste Management (NYSE:WM - Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.04. The company had revenue of $6.68 billion during the quarter, compared to analysts' expectations of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. Waste Management's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 EPS. Equities analysts expect that Waste Management, Inc. will post 8.13 earnings per share for the current year.
Waste Management Profile
(
Free Report)
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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