Waste Management, Inc. (NYSE:WM) Shares Sold by CENTRAL TRUST Co
CENTRAL TRUST Co lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,271 shares of the business services provider’s stock after selling 11 shares during the period. CENTRAL TRUST Co’s holdings in Waste Management were worth $1,634,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in WM. Quadrant Capital Group LLC raised its stake 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 bought a new stake in shares of Waste Management during the second quarter worth $103,000. Guardian Life Insurance Co. of America raised its stake 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 bought a new stake in shares of Waste Management during the first quarter worth $127,000. Finally, Parallel Advisors LLC raised its stake 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 currently owned by hedge funds and other institutional investors.
Waste Management, Inc. (NYSE WM) traded up 0.37% on Friday, reaching $75.09. 336,633 shares of the company were exchanged. The stock has a market capitalization of $33.04 billion, a price-to-earnings ratio of 25.72 and a beta of 0.71. Waste Management, Inc. has a 52 week low of $61.08 and a 52 week high of $76.00. The stock has a 50-day moving average price of $74.45 and a 200 day moving average price of $72.82.
Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same period last year, the firm posted $0.74 EPS. Waste Management’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts forecast that Waste Management, Inc. will post $3.19 earnings per share for the current year.
A number of research analysts recently issued reports on WM shares. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Thursday, June 22nd. Stifel Nicolaus boosted their target price on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Waste Management has a consensus rating of “Hold” and a consensus target price of $75.51.
In other Waste Management news, CEO James C. Fish, Jr. sold 3,500 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $72.19, for a total transaction of $252,665.00. Following the transaction, the chief executive officer now directly owns 151,162 shares of the company’s stock, valued at approximately $10,912,384.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Pope sold 453 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $74.38, for a total transaction of $33,694.14. Following the transaction, the director now directly owns 51,470 shares in the company, valued at $3,828,338.60. The disclosure for this sale can be found here. Insiders have sold a total of 7,940 shares of company stock worth $575,603 over the last three months. 0.19% of the stock is currently owned by insiders.
About Waste Management
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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