MONECO Advisors LLC Increases Stock Holdings in Waste Management, Inc. (NYSE:WM)

MONECO Advisors LLC lifted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 7.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,513 shares of the business services provider’s stock after purchasing an additional 300 shares during the quarter. MONECO Advisors LLC’s holdings in Waste Management were worth $963,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hexagon Capital Partners LLC increased its holdings in Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after purchasing an additional 75 shares during the period. Sachetta LLC purchased a new stake in shares of Waste Management during the fourth quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Waste Management in the second quarter worth approximately $31,000. Opal Wealth Advisors LLC acquired a new position in Waste Management during the 1st quarter worth approximately $35,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Waste Management in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Activity at Waste Management

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the transaction, the vice president now owns 44,144 shares in the company, valued at $9,711,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the sale, the vice president now owns 44,144 shares in the company, valued at $9,711,680. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WM shares. Robert W. Baird lowered their target price on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Oppenheimer dropped their price objective on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Royal Bank of Canada decreased their target price on Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. TD Cowen increased their price target on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, Stifel Nicolaus boosted their price objective on shares of Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Eleven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $215.83.

Waste Management Stock Performance

Shares of WM stock traded up $1.00 during mid-day trading on Monday, hitting $206.40. The stock had a trading volume of 492,874 shares, compared to its average volume of 1,701,663. The firm has a market cap of $82.78 billion, a PE ratio of 33.80, a PEG ratio of 2.31 and a beta of 0.74. The company’s 50-day simple moving average is $208.93 and its 200-day simple moving average is $207.21. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $225.00.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.82. The company had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.51 EPS. Sell-side analysts anticipate that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.