Mascoma Wealth Management LLC Sells 199 Shares of Waste Management, Inc. (NYSE:WM)
Mascoma Wealth Management LLC cut its position in Waste Management, Inc. (NYSE:WM) by 10.4% during the second quarter, Holdings Channel reports. The firm owned 1,719 shares of the business services provider’s stock after selling 199 shares during the period. Mascoma Wealth Management LLC’s holdings in Waste Management were worth $126,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC increased its position in shares of Waste Management by 5.8% in the first quarter. Quadrant Capital Group LLC now owns 1,424 shares of the business services provider’s stock worth $100,000 after buying an additional 78 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Waste Management during the second quarter worth approximately $103,000. Guardian Life Insurance Co. of America increased its position in shares of Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after buying an additional 14 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in shares of Waste Management during the first quarter worth approximately $127,000. Finally, Parallel Advisors LLC increased its position in shares of Waste Management by 38.1% in the first quarter. Parallel Advisors LLC now owns 1,787 shares of the business services provider’s stock worth $130,000 after buying an additional 493 shares during the period. 75.59% of the stock is owned by institutional investors.
Waste Management, Inc. (WM) traded down 0.25% during midday trading on Thursday, reaching $75.04. 483,569 shares of the company’s stock traded hands. Waste Management, Inc. has a 1-year low of $61.08 and a 1-year high of $76.00. The company has a market capitalization of $33.02 billion, a PE ratio of 25.70 and a beta of 0.71. The firm’s 50 day moving average price is $74.41 and its 200-day moving average price is $72.81.
Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.62 billion. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Equities analysts expect that Waste Management, Inc. will post $3.19 EPS for the current year.
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A number of equities analysts have recently issued reports on WM shares. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Thursday, June 22nd. Stifel Nicolaus upped their price target on Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $75.24.
In related news, CEO James C. Fish, Jr. sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $72.19, for a total transaction of $252,665.00. Following the sale, the chief executive officer now owns 151,162 shares of the company’s stock, valued at $10,912,384.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Patrick W. Gross sold 487 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total transaction of $36,369.16. Following the sale, the director now directly owns 23,222 shares in the company, valued at approximately $1,734,218.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,940 shares of company stock worth $575,603. 0.19% of the stock is owned by insiders.
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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