Focus Partners Advisor Solutions LLC Has $935,000 Stock Position in Waste Management, Inc. $WM

Key Points

• Focus Partners Advisor Solutions LLC cut its Waste Management stake by 69.1% in the second quarter, selling 9,363 shares and retaining 4,194 shares valued at approximately $935,000.
• Analyst sentiment remains positive, with 13 Buy ratings and seven Holds, producing a “Moderate Buy” consensus and an average price target of $258.89. Institutional investors collectively own 80.4% of the company.
• Waste Management exceeded quarterly EPS expectations, reporting $2.02 versus the $1.98 consensus estimate, while revenue rose 4% year over year to $6.68 billion, slightly below forecasts.

Focus Partners Advisor Solutions LLC reduced its position in Waste Management, Inc. (NYSE:WM - Free Report) by 69.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,194 shares of the business services provider's stock after selling 9,363 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Waste Management were worth $935,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Elevated Capital Advisors LLC bought a new stake in Waste Management in the fourth quarter worth approximately $25,000. RHL Group LLC acquired a new stake in shares of Waste Management in the 4th quarter valued at $29,000. Financial Network Wealth Advisors LLC boosted its holdings in Waste Management by 55.3% in the fourth 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 in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Waste Management during the fourth quarter worth $29,000. Finally, JPL Wealth Management LLC acquired a new position in Waste Management during the third quarter worth $30,000. Institutional investors own 80.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Canadian Imperial Bank of Commerce lowered Waste Management from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. Scotiabank lifted their target price on shares of Waste Management from $250.00 to $260.00 and gave the stock a "sector perform" rating in a report on Thursday, July 16th. Citigroup boosted their target price on shares of Waste Management from $263.00 to $269.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Barclays raised their price target on Waste Management from $270.00 to $277.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Finally, Wells Fargo & Company cut their price objective on Waste Management from $273.00 to $268.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $258.89.

Waste Management Price Performance

Shares of Waste Management stock opened at $223.71 on Wednesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market cap of $89.42 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.76 and a beta of 0.44. The firm has a fifty day moving average price of $227.83 and a two-hundred day moving average price of $227.75. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the firm posted $1.92 EPS. The business's revenue was up 4.0% compared to the same quarter last year. Analysts expect that Waste Management, Inc. will post 8.14 EPS for the current year.

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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