Prospera Financial Services Inc increased its stake in Waste Management, Inc. (NYSE:WM) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,446 shares of the business services provider’s stock after buying an additional 2 shares during the period. Prospera Financial Services Inc’s holdings in Waste Management were worth $400,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in WM. Bank of Nova Scotia increased its stake in Waste Management by 23.4% in the first quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock valued at $30,005,000 after buying an additional 78,100 shares during the period. 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 valued at $20,325,000 after buying an additional 11,138 shares during the period. Global X Management Co. LLC increased its stake in Waste Management by 28.6% in the first quarter. Global X Management Co. LLC now owns 5,037 shares of the business services provider’s stock valued at $367,000 after buying an additional 1,121 shares during the period. World Asset Management Inc increased its stake in Waste Management by 17.2% in the first quarter. World Asset Management Inc now owns 45,871 shares of the business services provider’s stock valued at $3,345,000 after buying an additional 6,748 shares during the period. Finally, Willingdon Wealth Management increased its stake in Waste Management by 12.2% in the first quarter. Willingdon Wealth Management now owns 18,294 shares of the business services provider’s stock valued at $1,334,000 after buying an additional 1,995 shares during the period. Institutional investors own 75.53% of the company’s stock.
Waste Management, Inc. (WM) traded down 0.37% during trading on Friday, reaching $75.25. The company’s stock had a trading volume of 1,555,063 shares. The firm’s 50-day moving average is $74.81 and its 200-day moving average is $73.07. Waste Management, Inc. has a 52-week low of $61.08 and a 52-week high of $76.33. The stock has a market cap of $33.11 billion, a P/E ratio of 25.77 and a beta of 0.71.
Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter last year, the company posted $0.74 earnings per share. Waste Management’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts forecast that Waste Management, Inc. will post $3.19 EPS for the current year.
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Several analysts have recently issued reports on WM shares. Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Oppenheimer Holdings, Inc. increased their target price on Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, July 5th. Finally, KeyCorp increased their target price on Waste Management from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $75.51.
In other news, Director Patrick W. Gross sold 487 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total transaction of $36,369.16. Following the completion of the sale, the director now owns 23,222 shares in the company, valued at $1,734,218.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John C. Pope sold 453 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $74.38, for a total value of $33,694.14. Following the sale, the director now owns 51,470 shares of the company’s stock, valued at approximately $3,828,338.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,440 shares of company stock valued at $322,728. Corporate insiders own 0.19% of the company’s stock.
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.
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