Private Advisory Group LLC Has $10.29 Million Holdings in Waste Management, Inc. $WM

Key Points

• Private Advisory Group LLC increased its Waste Management stake by 23.2% in the second quarter, ending with 46,176 shares valued at approximately $10.29 million. Institutional investors collectively own 80.4% of WM shares.
• Analysts remain broadly positive, with 13 Buy ratings and seven Holds, producing a “Moderate Buy” consensus and an average price target of $258.89.
• Waste Management reported quarterly EPS of $2.02, exceeding estimates of $1.98, while revenue rose 4% year over year to $6.68 billion, slightly below expectations.

Private Advisory Group LLC lifted its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 23.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 46,176 shares of the business services provider's stock after purchasing an additional 8,683 shares during the period. Private Advisory Group LLC's holdings in Waste Management were worth $10,292,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WM. Elevated Capital Advisors LLC acquired a new position in shares of Waste Management during the fourth quarter worth approximately $25,000. Financial Network Wealth Advisors LLC raised its position in Waste Management by 55.3% in 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 bought a new position in Waste Management in the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. acquired a new position in Waste Management during the 4th quarter worth $29,000. Finally, JPL Wealth Management LLC bought a new position in Waste Management in the 3rd quarter valued at $30,000. 80.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their target price on Waste Management from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Oppenheimer lowered their price objective on Waste Management from $264.00 to $263.00 and set an "outperform" rating for the company in a research report on Wednesday, July 8th. Stifel Nicolaus boosted their price objective on Waste Management from $252.00 to $261.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Wells Fargo & Company reduced their target price on shares of Waste Management from $273.00 to $268.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price target on shares of Waste Management from $240.00 to $244.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Waste Management has a consensus rating of "Moderate Buy" and an average target price of $258.89.

Waste Management Stock Down 0.1%

Shares of Waste Management stock opened at $223.71 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The business has a fifty day simple moving average of $227.83 and a 200 day simple moving average of $227.75. The stock 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.

Waste Management (NYSE:WM - Get Free Report) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the firm posted $1.92 earnings per share. The company's quarterly revenue was up 4.0% on a year-over-year basis. Research analysts predict 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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