Clearstead Trust LLC Sells 13,677 Shares of Waste Management, Inc. $WM

Clearstead Trust LLC lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 95.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 696 shares of the business services provider’s stock after selling 13,677 shares during the quarter. Clearstead Trust LLC’s holdings in Waste Management were worth $155,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Broadway Wealth Solutions Inc. raised its holdings in Waste Management by 2.8% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock worth $349,000 after purchasing an additional 44 shares during the last quarter. Bey Douglas LLC grew its position in shares of Waste Management by 3.7% during the 4th quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock worth $271,000 after buying an additional 44 shares during the period. Cassaday & Co Wealth Management LLC grew its position in shares of Waste Management by 1.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock worth $527,000 after buying an additional 45 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in Waste Management by 10.2% in the first quarter. Physician Wealth Advisors Inc. now owns 485 shares of the business services provider’s stock valued at $111,000 after buying an additional 45 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its stake in Waste Management by 0.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,348 shares of the business services provider’s stock valued at $1,395,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Royal Bank Of Canada upped their target price on shares of Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Wells Fargo & Company reduced their price target on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. UBS Group lifted their price objective on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Citigroup increased their target price on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Scotiabank boosted their target price 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $258.89.

Waste Management Trading Down 0.1%

Shares of NYSE WM opened at $223.71 on Wednesday. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The stock has a market cap of $89.42 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 2.76 and a beta of 0.44. 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 company’s fifty day moving average is $227.83 and its 200-day moving average is $227.75.

Waste Management (NYSE:WM) last released its quarterly earnings data 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. The business had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.92 EPS. Equities research analysts predict that Waste Management, Inc. will post 8.14 EPS for the current year.

Waste Management 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.