Aldebaran Financial Inc. increased its position in shares of Waste Management, Inc. (NYSE:WM) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,004 shares of the business services provider’s stock after buying an additional 2,328 shares during the period. Waste Management makes up 2.2% of Aldebaran Financial Inc.’s investment portfolio, making the stock its 14th largest position. Aldebaran Financial Inc.’s holdings in Waste Management were worth $2,917,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Waste Management by 5.8% in the first quarter. Vanguard Group Inc. now owns 32,753,532 shares of the business services provider’s stock valued at $2,388,388,000 after buying an additional 1,790,546 shares during the last quarter. BlackRock Inc. increased its stake in shares of Waste Management by 2,611.5% in the first quarter. BlackRock Inc. now owns 30,162,320 shares of the business services provider’s stock valued at $2,199,436,000 after buying an additional 29,049,915 shares during the last quarter. State Street Corp increased its stake in shares of Waste Management by 0.6% in the first quarter. State Street Corp now owns 21,287,562 shares of the business services provider’s stock valued at $1,552,295,000 after buying an additional 134,152 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Waste Management by 5.2% in the first quarter. Wells Fargo & Company MN now owns 7,327,831 shares of the business services provider’s stock valued at $534,346,000 after buying an additional 362,315 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Waste Management by 10.2% in the first quarter. AQR Capital Management LLC now owns 5,614,368 shares of the business services provider’s stock valued at $409,399,000 after buying an additional 518,270 shares during the last quarter. Institutional investors and hedge funds own 75.53% of the company’s stock.
Shares of Waste Management, Inc. (NYSE:WM) traded down 0.37% on Friday, reaching $75.25. The company had a trading volume of 1,555,063 shares. The company’s 50 day moving average price is $74.81 and its 200-day moving average price is $73.07. Waste Management, Inc. has a 1-year low of $61.08 and a 1-year high of $76.33. The stock has a market capitalization of $33.11 billion, a P/E ratio of 25.77 and a beta of 0.71.
Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.81. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.62 billion. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Equities analysts predict that Waste Management, Inc. will post $3.19 EPS for the current year.
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Several equities research analysts have recently weighed in on WM shares. Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Friday, April 28th. Stifel Nicolaus increased their price target on Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, July 18th. KeyCorp increased their price target on Waste Management from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, May 11th. Oppenheimer Holdings, Inc. increased their price target on Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, July 5th. Finally, Credit Suisse Group increased their price target on Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Waste Management has an average rating of “Hold” and an average price target of $75.51.
In related news, Director Patrick W. Gross sold 487 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total transaction of $36,369.16. Following the completion of the transaction, the director now owns 23,222 shares in the company, valued at $1,734,218.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James C. Fish, Jr. sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $72.19, for a total transaction of $252,665.00. Following the transaction, the chief executive officer now owns 151,162 shares of the company’s stock, valued at approximately $10,912,384.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,440 shares of company stock valued at $322,728. Insiders own 0.19% of the company’s stock.
Waste Management Company Profile
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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