Waste Management, Inc. $WM Shares Sold by TD Asset Management Inc

TD Asset Management Inc trimmed its position in Waste Management, Inc. (NYSE:WM) by 6.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 256,759 shares of the business services provider’s stock after selling 17,160 shares during the period. TD Asset Management Inc owned 0.06% of Waste Management worth $57,226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after acquiring an additional 2,320 shares in the last quarter. Sprott Inc. acquired a new stake in shares of Waste Management during the 1st quarter valued at approximately $325,000. Sei Investments Co. lifted its stake in Waste Management by 8.0% during the second quarter. Sei Investments Co. now owns 272,438 shares of the business services provider’s stock worth $62,339,000 after purchasing an additional 20,122 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Waste Management by 68.2% in the second quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider’s stock worth $83,843,000 after purchasing an additional 148,590 shares during the period. Finally, Glenview Trust co raised its holdings in shares of Waste Management by 5.1% during the second quarter. Glenview Trust co now owns 3,338 shares of the business services provider’s stock worth $764,000 after purchasing an additional 162 shares during the period. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Down 0.3%

Shares of Waste Management stock opened at $223.95 on Tuesday. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The firm has a market capitalization of $89.52 billion, a PE ratio of 31.72, a price-to-earnings-growth 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 stock’s fifty day moving average is $227.77 and its 200-day moving average is $227.81.

Waste Management (NYSE:WM) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share 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 analyst estimates of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.Waste Management’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $1.92 EPS. Equities analysts anticipate that Waste Management, Inc. will post 8.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 7th. UBS Group raised their target price on shares of Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Scotiabank raised 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. Royal Bank Of Canada boosted their price target on shares of Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Finally, Citigroup raised their price objective on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.