Private Advisory Group LLC Purchases 8,683 Shares of Waste Management, Inc. $WM

Private Advisory Group LLC grew its position in Waste Management, Inc. (NYSE:WM) by 23.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,176 shares of the business services provider’s stock after buying an additional 8,683 shares during the period. Private Advisory Group LLC’s holdings in Waste Management were worth $10,292,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new position in Waste Management during the fourth quarter worth about $25,000. Financial Network Wealth Advisors LLC raised its position in shares of 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 worth $29,000 after purchasing an additional 47 shares during the period. RHL Group LLC acquired a new stake in shares of Waste Management during the fourth quarter worth about $29,000. Mcguire Capital Advisors Inc. bought a new position in shares of Waste Management during the 4th quarter valued at about $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Waste Management in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of WM opened at $223.71 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The stock has a market capitalization of $89.42 billion, a P/E ratio of 31.69, a P/E/G ratio of 2.76 and a beta of 0.44. The company has a 50 day moving average of $227.83 and a 200-day moving average of $227.75.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm posted $1.92 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts forecast that Waste Management, Inc. will post 8.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup raised their target price on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Oppenheimer reduced their price target on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a report on Wednesday, July 8th. TD Cowen raised their price objective on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Canadian Imperial Bank of Commerce cut Waste Management from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Stifel Nicolaus lifted their price target on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.89.

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.