Waste Management, Inc. $WM Stock Position Decreased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its position in Waste Management, Inc. (NYSE:WM) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 287,807 shares of the business services provider’s stock after selling 4,287 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Waste Management were worth $64,146,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in WM. Elevated Capital Advisors LLC acquired a new stake in Waste Management in the fourth quarter valued at approximately $25,000. Financial Network Wealth Advisors LLC increased its stake in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after purchasing an additional 47 shares during the last quarter. RHL Group LLC bought a new position in shares of Waste Management during the 4th quarter valued at $29,000. Mcguire Capital Advisors Inc. bought a new position in shares of Waste Management during the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Waste Management in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Down 0.1%

WM stock opened at $223.71 on Wednesday. The stock has a market capitalization of $89.42 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 2.76 and a beta of 0.44. The company has a 50-day moving average of $227.83 and a two-hundred day moving average of $227.75. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. 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 (NYSE:WM) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The business had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the company posted $1.92 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Waste Management, Inc. will post 8.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WM shares. Royal Bank Of Canada increased their target price on shares of Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Oppenheimer lowered their price objective on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. UBS Group raised their price objective on Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Scotiabank boosted their target price on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Finally, Stifel Nicolaus increased their price target on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Company Profile

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.