Investment House LLC Increases Stake in Waste Management, Inc. (WM)

Investment House LLC grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,690 shares of the business services provider’s stock after purchasing an additional 7,500 shares during the period. Investment House LLC’s holdings in Waste Management were worth $8,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in WM. Shine Investment Advisory Services Inc. bought a new stake in shares of Waste Management during the second quarter worth about $101,000. Northwest Investment Counselors LLC bought a new stake in shares of Waste Management during the second quarter worth about $103,000. Bruderman Asset Management LLC bought a new stake in shares of Waste Management during the second quarter worth about $110,000. Guardian Life Insurance Co. of America increased its position in shares of Waste Management by 0.9% during the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after acquiring an additional 14 shares in the last quarter. Finally, FTB Advisors Inc. increased its position in shares of Waste Management by 4.3% during the second quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock worth $116,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 75.29% of the company’s stock.

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WM has been the subject of several recent research reports. BMO Capital Markets reissued a “buy” rating and set a $82.00 target price on shares of Waste Management in a research report on Friday, September 8th. Stifel Nicolaus boosted their target price on shares of Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Waste Management from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. KeyCorp boosted their target price on shares of Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Finally, Oppenheimer Holdings, Inc. boosted their target price on shares of Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Waste Management presently has a consensus rating of “Hold” and an average price target of $80.10.

Shares of Waste Management, Inc. (NYSE:WM) traded down 0.84% during midday trading on Wednesday, reaching $81.48. 544,138 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $78.16 and a 200-day moving average of $75.09. The stock has a market capitalization of $35.85 billion, a P/E ratio of 27.90 and a beta of 0.74. Waste Management, Inc. has a 12-month low of $63.19 and a 12-month high of $82.87.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the company posted $0.84 EPS. Waste Management’s revenue was up 4.7% on a year-over-year basis. Analysts anticipate that Waste Management, Inc. will post $3.20 EPS for the current fiscal year.

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

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