Waste Management, Inc. (NYSE:WM) Shares Purchased by Segment Wealth Management LLC

Segment Wealth Management LLC grew its stake in Waste Management, Inc. (NYSE:WM) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,211 shares of the business services provider’s stock after acquiring an additional 110 shares during the quarter. Segment Wealth Management LLC’s holdings in Waste Management were worth $254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Waste Management by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 35,963,494 shares of the business services provider’s stock worth $4,149,109,000 after acquiring an additional 174,451 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Waste Management by 3.1% during the 2nd quarter. BlackRock Inc. now owns 32,164,573 shares of the business services provider’s stock worth $3,710,826,000 after purchasing an additional 976,898 shares during the period. Northern Trust Corp grew its holdings in shares of Waste Management by 0.6% during the 2nd quarter. Northern Trust Corp now owns 5,126,154 shares of the business services provider’s stock worth $591,404,000 after purchasing an additional 29,757 shares during the period. AQR Capital Management LLC boosted its holdings in Waste Management by 0.7% during the 2nd quarter. AQR Capital Management LLC now owns 4,069,937 shares of the business services provider’s stock valued at $469,549,000 after acquiring an additional 27,195 shares during the period. Finally, Invesco Ltd. increased its stake in Waste Management by 12.7% in the second quarter. Invesco Ltd. now owns 3,864,997 shares of the business services provider’s stock valued at $445,904,000 after purchasing an additional 435,062 shares during the last quarter. 73.18% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have commented on WM shares. JPMorgan Chase & Co. started coverage on Waste Management in a research note on Wednesday, August 7th. They set a “neutral” rating and a $120.00 price target for the company. Oppenheimer restated a “market perform” rating on shares of Waste Management in a research note on Thursday, July 18th. ValuEngine downgraded Waste Management from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James set a $127.00 target price on Waste Management and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, CIBC reaffirmed a “market perform” rating on shares of Waste Management in a research report on Thursday, July 18th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $116.82.

In related news, VP Michael J. Watson sold 8,019 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $119.40, for a total value of $957,468.60. Following the completion of the transaction, the vice president now owns 17,254 shares of the company’s stock, valued at $2,060,127.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tara J. Hmmer sold 4,739 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $118.04, for a total value of $559,391.56. Following the completion of the transaction, the senior vice president now directly owns 23,470 shares of the company’s stock, valued at approximately $2,770,398.80. The disclosure for this sale can be found here. Insiders sold 13,347 shares of company stock valued at $1,585,155 in the last three months. 0.14% of the stock is currently owned by company insiders.

Shares of NYSE WM traded down $0.15 on Thursday, hitting $113.22. The company had a trading volume of 99,067 shares, compared to its average volume of 1,953,199. The firm has a market capitalization of $49.60 billion, a P/E ratio of 26.98, a PEG ratio of 3.23 and a beta of 0.61. Waste Management, Inc. has a 12-month low of $83.22 and a 12-month high of $121.77. The company has a quick ratio of 1.66, a current ratio of 1.70 and a debt-to-equity ratio of 1.95. The business has a 50 day moving average of $115.61 and a two-hundred day moving average of $113.34.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4 billion. Waste Management had a return on equity of 29.15% and a net margin of 11.49%. Waste Management’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.15 earnings per share. On average, sell-side analysts anticipate that Waste Management, Inc. will post 4.32 earnings per share for the current year.

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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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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