Waste Management, Inc. (WM) Holdings Cut by Norris Perne & French LLP MI

Norris Perne & French LLP MI lowered its stake in shares of Waste Management, Inc. (NYSE:WM) by 16.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,263 shares of the business services provider’s stock after selling 2,575 shares during the period. Norris Perne & French LLP MI’s holdings in Waste Management were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bank of Nova Scotia lifted its holdings in shares of Waste Management by 23.4% during the 1st quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock valued at $30,005,000 after purchasing an additional 78,100 shares in the last quarter. Intersect Capital LLC lifted its holdings in shares of Waste Management by 33.1% during the 2nd quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock valued at $1,774,000 after purchasing an additional 6,009 shares in the last quarter. Aviva PLC lifted its holdings in shares of Waste Management by 1.0% during the 2nd quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock valued at $20,328,000 after purchasing an additional 2,710 shares in the last quarter. AXA lifted its holdings in shares of Waste Management by 15.0% during the 2nd quarter. AXA now owns 450,490 shares of the business services provider’s stock valued at $33,044,000 after purchasing an additional 58,630 shares in the last quarter. Finally, Global X Management Co. LLC lifted its holdings in shares of Waste Management by 28.6% during the 1st quarter. Global X Management Co. LLC now owns 5,037 shares of the business services provider’s stock valued at $367,000 after purchasing an additional 1,121 shares in the last quarter. Hedge funds and other institutional investors own 76.42% of the company’s stock.

Shares of Waste Management, Inc. (NYSE WM) traded down $0.06 during trading on Monday, reaching $81.64. The company had a trading volume of 354,707 shares, compared to its average volume of 2,014,200. Waste Management, Inc. has a 1-year low of $63.35 and a 1-year high of $82.87. The firm has a market cap of $35,475.46, a price-to-earnings ratio of 26.19, a PEG ratio of 2.65 and a beta of 0.76. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71.

Waste Management (NYSE:WM) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the firm earned $0.84 EPS. Waste Management’s revenue for the quarter was up 4.7% compared to the same quarter last year. analysts anticipate that Waste Management, Inc. will post 3.2 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the company. Credit Suisse Group set a $90.00 price objective on Waste Management and gave the company a “buy” rating in a report on Monday, October 30th. Oppenheimer Holdings, Inc. lifted their price objective on Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, October 27th. BMO Capital Markets lifted their price objective on Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 27th. KeyCorp reiterated a “buy” rating and set a $88.00 price objective on shares of Waste Management in a report on Friday, October 27th. Finally, Zacks Investment Research cut Waste Management from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $81.81.

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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.

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

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