Regal Investment Advisors LLC increased its stake in Waste Management, Inc. (NYSE:WM) by 138.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,151 shares of the business services provider’s stock after acquiring an additional 8,810 shares during the quarter. Regal Investment Advisors LLC’s holdings in Waste Management were worth $1,369,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of WM. Clinton Group Inc. bought a new stake in Waste Management in the second quarter worth approximately $268,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Waste Management by 18.1% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,833 shares of the business services provider’s stock worth $637,000 after purchasing an additional 1,200 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Waste Management by 14.5% in the second quarter. State of Alaska Department of Revenue now owns 78,068 shares of the business services provider’s stock worth $6,349,000 after purchasing an additional 9,890 shares in the last quarter. Trust Department MB Financial Bank N A bought a new stake in Waste Management in the second quarter worth approximately $138,000. Finally, FormulaFolio Investments LLC bought a new stake in Waste Management in the second quarter worth approximately $312,000. 75.27% of the stock is currently owned by institutional investors.
WM has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Thursday, September 20th. BMO Capital Markets lifted their target price on Waste Management to $98.00 and gave the stock an “overweight” rating in a report on Monday, October 8th. They noted that the move was a valuation call. UBS Group set a $90.00 target price on Waste Management and gave the stock a “hold” rating in a report on Friday, October 26th. Oppenheimer restated a “buy” rating and set a $95.00 price objective on shares of Waste Management in a report on Thursday, October 25th. Finally, Raymond James restated a “buy” rating on shares of Waste Management in a report on Monday, October 29th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Waste Management presently has a consensus rating of “Buy” and a consensus price target of $95.50.
NYSE WM opened at $90.46 on Friday. The company has a market cap of $38.13 billion, a PE ratio of 22.81, a PEG ratio of 1.82 and a beta of 0.64. Waste Management, Inc. has a 52 week low of $78.33 and a 52 week high of $92.85. The company has a quick ratio of 0.84, a current ratio of 0.87 and a debt-to-equity ratio of 1.53.
Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.04. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. On average, equities analysts anticipate that Waste Management, Inc. will post 4.13 earnings per share for the current fiscal year.
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Waste Management Company Profile
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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