2,487 Shares in Waste Management, Inc. $WM Purchased by Partners Capital Investment Group LLP

Partners Capital Investment Group LLP purchased a new stake in shares of Waste Management, Inc. (NYSE:WM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,487 shares of the business services provider’s stock, valued at approximately $554,000.

Several other institutional investors and hedge funds have also bought and sold shares of WM. RHL Group LLC purchased a new position in shares of Waste Management during the fourth quarter valued at approximately $29,000. Financial Network Wealth Advisors LLC lifted its stake in Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after acquiring an additional 47 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in Waste Management in the fourth quarter valued at $29,000. JPL Wealth Management LLC purchased a new position in Waste Management during the 3rd quarter valued at $30,000. Finally, Main Street Group LTD bought a new position in Waste Management in the 1st quarter worth $31,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WM shares. Weiss Ratings raised shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 7th. Citigroup increased their price target on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce cut Waste Management from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Oppenheimer reduced their target price on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Finally, TD Cowen increased their target price on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Stock Up 1.1%

WM stock opened at $226.46 on Tuesday. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The firm has a market cap of $90.52 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 2.83 and a beta of 0.44. The business has a 50 day moving average of $228.25 and a 200 day moving average of $227.80.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The business had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the company posted $1.92 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, research analysts forecast that Waste Management, Inc. will post 8.13 EPS for the current fiscal year.

Waste Management Company Profile

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.