Waste Management, Inc. $WM Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its holdings in Waste Management, Inc. (NYSE:WM) by 18.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 510,232 shares of the business services provider’s stock after buying an additional 79,710 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.13% of Waste Management worth $117,063,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new stake in shares of Waste Management in the 4th quarter valued at $25,000. RHL Group LLC purchased a new position in shares of Waste Management during the fourth quarter worth $29,000. Financial Network Wealth Advisors LLC lifted its position in Waste Management by 55.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 47 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in Waste Management during the fourth quarter valued at $29,000. Finally, JPL Wealth Management LLC purchased a new stake in Waste Management in the third quarter valued at $30,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Up 0.1%

Shares of Waste Management stock opened at $224.73 on Monday. The firm has a 50-day simple moving average of $227.62 and a two-hundred day simple moving average of $227.86. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The company has a market cap of $89.83 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 2.76 and a beta of 0.44.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $6.71 billion. During the same period last year, the firm earned $1.92 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts predict that Waste Management, Inc. will post 8.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. UBS Group lifted their price objective on Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Wells Fargo & Company lowered their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. TD Cowen lifted their price target on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Barclays boosted their price target on Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Scotiabank upped their price objective on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.89.

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.