Moody Lynn Lieberson & Walker LLC Sells 8,608 Shares of Waste Management, Inc. $WM

Key Points

• Moody Lynn Lieberson & Walker LLC reduced its Waste Management stake by 4.6% in the second quarter, selling 8,608 shares and retaining 179,600 shares valued at approximately $40.0 million. Institutional investors own 80.4% of WM’s outstanding shares.
• Analyst sentiment remains positive, with 13 Buy ratings and seven Holds giving Waste Management a consensus “Moderate Buy” rating and an average price target of $258.89.
• Waste Management’s latest quarterly results beat expectations on earnings, reporting $2.02 per share versus the $1.98 consensus, while revenue rose 4% year over year to $6.68 billion, slightly below estimates.

Moody Lynn Lieberson & Walker LLC trimmed its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 179,600 shares of the business services provider's stock after selling 8,608 shares during the period. Waste Management accounts for approximately 2.1% of Moody Lynn Lieberson & Walker LLC's portfolio, making the stock its 14th largest holding. Moody Lynn Lieberson & Walker LLC's holdings in Waste Management were worth $40,029,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WM. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in Waste Management in the fourth quarter valued at $10,206,000. Principal Financial Group Inc. grew its holdings in shares of Waste Management by 3.1% during the first quarter. Principal Financial Group Inc. now owns 460,317 shares of the business services provider's stock worth $105,776,000 after purchasing an additional 14,003 shares during the last quarter. KLP Kapitalforvaltning AS increased its position in shares of Waste Management by 18.5% during the fourth quarter. KLP Kapitalforvaltning AS now owns 236,153 shares of the business services provider's stock worth $51,885,000 after purchasing an additional 36,900 shares in the last quarter. LBP AM SA lifted its holdings in shares of Waste Management by 24.1% in the 4th quarter. LBP AM SA now owns 46,640 shares of the business services provider's stock valued at $10,247,000 after purchasing an additional 9,071 shares during the last quarter. Finally, Directional Asset Management acquired a new stake in shares of Waste Management in the 4th quarter valued at about $1,361,000. 80.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on WM. Citigroup lifted their price target on Waste Management from $263.00 to $269.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Robert W. Baird raised their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, April 16th. Canadian Imperial Bank of Commerce cut shares of Waste Management from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. Barclays increased their price target on shares of Waste Management from $270.00 to $277.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Finally, TD Cowen raised their price objective on shares of Waste Management from $270.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Waste Management has a consensus rating of "Moderate Buy" and an average target price of $258.89.

Waste Management Trading Down 0.3%

NYSE WM opened at $226.19 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $90.41 billion, a P/E ratio of 32.04, a P/E/G ratio of 2.79 and a beta of 0.44. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The firm has a 50-day moving average price of $227.43 and a 200 day moving average price of $227.93.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data 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. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The company had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the company earned $1.92 EPS. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts expect that Waste Management, Inc. will post 8.14 EPS for the current year.

Waste Management 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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