Prevail Innovative Wealth Advisors LLC acquired a new stake in Waste Management, Inc. (NYSE:WM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,674 shares of the business services provider's stock, valued at approximately $2,825,000.
A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Waste Management by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider's stock valued at $8,566,508,000 after buying an additional 553,605 shares during the period. State Street Corp boosted its holdings in Waste Management by 1.6% in the 4th quarter. State Street Corp now owns 17,390,748 shares of the business services provider's stock worth $3,820,921,000 after acquiring an additional 281,456 shares during the period. Geode Capital Management LLC grew its position in 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 acquiring an additional 117,476 shares in the last quarter. Norges Bank purchased a new stake in shares of Waste Management during the fourth quarter valued at approximately $1,022,916,000. Finally, Northern Trust Corp lifted its position in shares of Waste Management by 0.3% during the third 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 in the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on WM shares. Canadian Imperial Bank of Commerce lowered shares of Waste Management from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. UBS Group boosted their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Wells Fargo & Company lowered their target price on Waste Management from $273.00 to $268.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. Barclays lifted their target price on Waste Management from $270.00 to $277.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Finally, Scotiabank boosted their price target on Waste Management from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Waste Management currently has an average rating of "Moderate Buy" and a consensus price target of $258.89.
Get Our Latest Analysis on Waste Management
Waste Management Trading Down 0.3%
NYSE WM opened at $226.19 on Thursday. The company has a market capitalization of $90.41 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 2.79 and a beta of 0.44. 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, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The company's fifty day moving average price is $227.43 and its two-hundred day moving average price is $227.93.
Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping the consensus estimate 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 net margin of 11.11% and a return on equity of 31.68%. The company'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 earnings per share. As a group, research analysts predict that Waste Management, Inc. will post 8.14 earnings per share for the current fiscal year.
Waste Management Company 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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