Norris Perne & French LLP MI Has $17.36 Million Holdings in Waste Management, Inc. $WM

Norris Perne & French LLP MI lifted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,886 shares of the business services provider’s stock after buying an additional 2,636 shares during the quarter. Waste Management comprises approximately 1.0% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 22nd biggest holding. Norris Perne & French LLP MI’s holdings in Waste Management were worth $17,359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WM. Elevated Capital Advisors LLC acquired a new stake in Waste Management during the 4th quarter worth $25,000. RHL Group LLC bought a new stake in Waste Management in the fourth quarter valued at about $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 valued at $29,000 after buying an additional 47 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in shares of Waste Management during the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Waste Management in the 3rd quarter valued at approximately $30,000. 80.40% of the stock is owned by institutional investors.

Waste Management Trading Down 0.8%

WM opened at $224.44 on Friday. The stock has a market capitalization of $89.71 billion, a P/E ratio of 31.79, a P/E/G ratio of 2.78 and a beta of 0.44. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The firm’s fifty day simple moving average is $227.53 and its 200 day simple moving average is $227.90.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. The firm had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The company’s 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. As a group, research analysts anticipate that Waste Management, Inc. will post 8.14 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on WM shares. Robert W. Baird boosted their price objective on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Stifel Nicolaus lifted their price target on shares of Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Barclays upped their price objective on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. UBS Group lifted their target price on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Scotiabank boosted their target price on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $258.89.

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.