RWA Wealth Partners LLC Increases Stock Position in Waste Management, Inc. $WM

RWA Wealth Partners LLC grew its stake in Waste Management, Inc. (NYSE:WM) by 1,021.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 48,963 shares of the business services provider’s stock after acquiring an additional 44,598 shares during the period. RWA Wealth Partners LLC’s holdings in Waste Management were worth $10,812,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Colonial Trust Advisors grew its stake in shares of Waste Management by 0.8% in the third quarter. Colonial Trust Advisors now owns 58,413 shares of the business services provider’s stock valued at $12,899,000 after buying an additional 469 shares in the last quarter. Prestige Wealth Management Group LLC grew its position in Waste Management by 3.9% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,878 shares of the business services provider’s stock valued at $415,000 after acquiring an additional 71 shares in the last quarter. Tableaux LLC purchased a new stake in Waste Management during the third quarter worth about $296,000. TD Asset Management Inc lifted its position in shares of Waste Management by 11.2% during the third quarter. TD Asset Management Inc now owns 310,964 shares of the business services provider’s stock worth $68,670,000 after purchasing an additional 31,348 shares in the last quarter. Finally, Thoroughbred Financial Services LLC boosted its stake in shares of Waste Management by 1.8% in the third quarter. Thoroughbred Financial Services LLC now owns 6,385 shares of the business services provider’s stock valued at $1,410,000 after purchasing an additional 114 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

In related news, SVP Tara J. Hemmer sold 690 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $219.71, for a total value of $151,599.90. Following the sale, the senior vice president directly owned 83,736 shares in the company, valued at $18,397,636.56. The trade was a 0.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Donald J. Smith sold 12,194 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $233.48, for a total transaction of $2,847,055.12. Following the transaction, the vice president owned 6,024 shares of the company’s stock, valued at $1,406,483.52. This trade represents a 66.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 62,746 shares of company stock worth $14,470,494. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WM shares. Royal Bank Of Canada increased their target price on shares of Waste Management from $223.00 to $235.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Scotiabank reiterated a “sector perform” rating and issued a $250.00 price objective (down from $254.00) on shares of Waste Management in a research note on Wednesday, January 21st. Robert W. Baird upgraded Waste Management from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $238.00 to $242.00 in a report on Tuesday, November 4th. The Goldman Sachs Group began coverage on Waste Management in a research report on Monday, November 24th. They set a “buy” rating and a $256.00 price objective for the company. Finally, Barclays reduced their target price on shares of Waste Management from $266.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $253.55.

Waste Management Price Performance

Waste Management stock opened at $229.50 on Wednesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58. The stock has a market capitalization of $92.56 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 2.44 and a beta of 0.58. The business has a 50 day simple moving average of $224.61 and a 200-day simple moving average of $219.23.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.02). The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.39 billion. Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $1.70 EPS. Equities analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

About Waste Management

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.