Waste Management, Inc. (WM) Shares Bought by Livingston Group Asset Management CO operating as Southport Capital Management

Livingston Group Asset Management CO operating as Southport Capital Management boosted its stake in Waste Management, Inc. (NYSE:WM) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,520 shares of the business services provider’s stock after buying an additional 239 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Waste Management were worth $405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp increased its stake in Waste Management by 4.2% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 278,733 shares of the business services provider’s stock worth $20,325,000 after buying an additional 11,138 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in Waste Management by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 353,845 shares of the business services provider’s stock worth $25,803,000 after buying an additional 9,380 shares during the period. Franklin Street Advisors Inc. NC increased its stake in Waste Management by 7.5% in the first quarter. Franklin Street Advisors Inc. NC now owns 92,942 shares of the business services provider’s stock worth $6,777,000 after buying an additional 6,509 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Waste Management during the fourth quarter worth about $934,000. Finally, Kentucky Retirement Systems acquired a new stake in Waste Management during the fourth quarter worth about $2,092,000. 75.59% of the stock is currently owned by institutional investors and hedge funds.

Waste Management, Inc. (WM) traded down 0.27% during trading on Friday, reaching $74.61. 958,391 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $74.49 and its 200-day moving average price is $72.86. The firm has a market cap of $32.83 billion, a price-to-earnings ratio of 25.55 and a beta of 0.71. Waste Management, Inc. has a 12 month low of $61.08 and a 12 month high of $76.00.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.62 billion. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 EPS. On average, equities research analysts anticipate that Waste Management, Inc. will post $3.19 EPS for the current year.

WARNING: This report was published by BNB Daily and is owned by of BNB Daily. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.baseball-news-blog.com/2017/08/14/livingston-group-asset-management-co-operating-as-southport-capital-management-increases-position-in-waste-management-inc-wm-updated-updated-updated.html.

A number of research firms have recently issued reports on WM. Zacks Investment Research downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Stifel Nicolaus raised their target price on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. raised their target price on shares of Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, July 5th. BMO Capital Markets initiated coverage on shares of Waste Management in a research note on Thursday, June 29th. They issued an “outperform” rating and a $81.00 target price for the company. Finally, Credit Suisse Group raised their target price on shares of Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $75.51.

In other Waste Management news, Director John C. Pope sold 453 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $74.38, for a total value of $33,694.14. Following the completion of the transaction, the director now owns 51,470 shares in the company, valued at approximately $3,828,338.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Patrick W. Gross sold 487 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total value of $36,369.16. Following the completion of the transaction, the director now owns 23,222 shares of the company’s stock, valued at approximately $1,734,218.96. The disclosure for this sale can be found here. Insiders have sold a total of 7,940 shares of company stock valued at $575,603 in the last quarter. 0.19% of the stock is owned by corporate insiders.

Waste Management Company Profile

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

Receive News & Ratings for Waste Management Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply