Moody Lynn Lieberson & Walker LLC Cuts Position in Waste Management, Inc. $WM

Moody Lynn Lieberson & Walker LLC decreased its stake in Waste Management, Inc. (NYSE:WM) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,600 shares of the business services provider’s stock after selling 8,608 shares during the period. Waste Management makes up 2.1% of Moody Lynn Lieberson & Walker LLC’s investment portfolio, making the stock its 14th largest holding. Moody Lynn Lieberson & Walker LLC’s holdings in Waste Management were worth $40,029,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WM. Vanguard Group Inc. increased its holdings in Waste Management by 1.4% in the fourth 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 in the last quarter. State Street Corp boosted its stake in shares of Waste Management by 1.6% during 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of Waste Management by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock worth $1,972,371,000 after acquiring an additional 117,476 shares during the period. Norges Bank purchased a new position in Waste Management in the 4th quarter valued at approximately $1,022,916,000. Finally, Northern Trust Corp increased its stake in Waste Management by 0.3% in the 3rd quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock valued at $873,276,000 after purchasing an additional 11,688 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on WM. Royal Bank Of Canada boosted their target price on Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. UBS Group lifted their price target on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Robert W. Baird boosted their price objective on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Citigroup increased their price objective on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Wells Fargo & Company dropped their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $258.89.

Waste Management Stock Down 0.3%

WM opened at $226.19 on Thursday. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The business has a 50-day moving average of $227.43 and a two-hundred day moving average of $227.93. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The stock 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.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the firm posted $1.92 EPS. The company’s revenue was up 4.0% on a year-over-year basis. On average, research analysts expect that Waste Management, Inc. will post 8.14 earnings per share for the current year.

About Waste Management

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.