3,565 Shares in Waste Management, Inc. $WM Bought by Thomasville National Bank

Thomasville National Bank bought a new stake in Waste Management, Inc. (NYSE:WM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,565 shares of the business services provider’s stock, valued at approximately $795,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elevated Capital Advisors LLC bought a new position in shares of Waste Management in the 4th quarter worth approximately $25,000. Financial Network Wealth Advisors LLC grew its position in 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 valued at $29,000 after buying an additional 47 shares during the period. RHL Group LLC purchased a new stake in Waste Management during the fourth quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. bought a new position in Waste Management in the fourth quarter worth approximately $29,000. Finally, JPL Wealth Management LLC bought a new position in Waste Management in the third quarter worth approximately $30,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 7th. TD Cowen boosted their price target on Waste Management from $270.00 to $275.00 and gave the company 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 research report on Wednesday, July 29th. Finally, Royal Bank Of Canada lifted their price objective on Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $258.89.

Waste Management Trading Down 0.3%

WM stock opened at $226.19 on Thursday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $248.13. The business has a 50 day simple moving average of $227.43 and a two-hundred day simple moving average of $227.93. The company has a market capitalization of $90.41 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 2.79 and a beta of 0.44.

Waste Management (NYSE:WM) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the business posted $1.92 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts anticipate that Waste Management, Inc. will post 8.14 EPS for the current fiscal 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.