Waste Management, Inc. (NYSE:WM) Position Increased by First Pacific Financial

First Pacific Financial lifted its position in Waste Management, Inc. (NYSE:WM) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,727 shares of the business services provider’s stock after acquiring an additional 168 shares during the period. First Pacific Financial’s holdings in Waste Management were worth $1,222,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. ARS Wealth Advisors Group LLC boosted its stake in Waste Management by 3.1% in the second quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock worth $336,000 after purchasing an additional 47 shares in the last quarter. McClarren Financial Advisors Inc. raised its holdings in shares of Waste Management by 29.7% in the first quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock valued at $46,000 after buying an additional 49 shares during the last quarter. Mayflower Financial Advisors LLC grew its holdings in Waste Management by 1.2% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider’s stock worth $911,000 after acquiring an additional 50 shares during the last quarter. Cypress Asset Management Inc. TX raised its stake in shares of Waste Management by 1.2% in the first quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock worth $907,000 after acquiring an additional 50 shares during the last quarter. Finally, McAdam LLC lifted its position in shares of Waste Management by 4.0% during the first quarter. McAdam LLC now owns 1,317 shares of the business services provider’s stock worth $281,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the subject of several research analyst reports. Erste Group Bank restated a “hold” rating on shares of Waste Management in a research report on Friday, June 14th. Morgan Stanley raised their price target on Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Royal Bank of Canada dropped their price objective on Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Stifel Nicolaus raised their target price on shares of Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 25th. Eleven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $215.83.

Waste Management Stock Up 0.6 %

Shares of WM traded up $1.19 on Monday, hitting $206.59. The company’s stock had a trading volume of 1,886,725 shares, compared to its average volume of 1,710,429. The firm’s fifty day moving average price is $209.03 and its 200-day moving average price is $207.34. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $225.00. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $82.86 billion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 2.31 and a beta of 0.74.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, meeting the consensus estimate of $1.82. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The company had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.43 billion. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.51 earnings per share. On average, equities research analysts expect that Waste Management, Inc. will post 7.24 EPS for the current year.

Insider Buying and Selling at Waste Management

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the sale, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the transaction, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael J. Watson sold 1,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the sale, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.