Creative Planning Increases Holdings in Waste Management, Inc. (WM)

Creative Planning raised its position in Waste Management, Inc. (NYSE:WM) by 10.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 69,624 shares of the business services provider’s stock after acquiring an additional 6,652 shares during the period. Creative Planning’s holdings in Waste Management were worth $6,009,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. FTB Advisors Inc. boosted 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 valued at $116,000 after buying an additional 65 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of Waste Management by 19.0% during the second quarter. IHT Wealth Management LLC now owns 2,314 shares of the business services provider’s stock valued at $835,000 after buying an additional 369 shares during the last quarter. Horan Capital Advisors LLC. purchased a new position in shares of Waste Management during the third quarter valued at approximately $186,000. MPS Loria Financial Planners LLC purchased a new position in shares of Waste Management during the second quarter valued at approximately $182,000. Finally, Country Club Trust Company n.a. purchased a new position in shares of Waste Management during the fourth quarter valued at approximately $210,000. 74.93% of the stock is owned by hedge funds and other institutional investors.

Waste Management, Inc. (NYSE WM) opened at $88.06 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68. Waste Management, Inc. has a 1 year low of $69.00 and a 1 year high of $88.73. The firm has a market capitalization of $38,240.00, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 2.66 and a beta of 0.75.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. equities analysts expect that Waste Management, Inc. will post 3.2 EPS for the current year.

Waste Management declared that its board has authorized a stock buyback program on Thursday, December 14th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total value of $133,815.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Patrick W. Gross sold 387 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $88.30, for a total value of $34,172.10. Following the completion of the transaction, the director now directly owns 30,673 shares in the company, valued at approximately $2,708,425.90. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

WM has been the topic of several analyst reports. Zacks Investment Research cut Waste Management from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Credit Suisse Group set a $90.00 target price on Waste Management and gave the company a “buy” rating in a research report on Monday, October 30th. Oppenheimer lifted their target price on Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. KeyCorp lifted their target price on Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Finally, Bank of America cut their target price on Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $86.78.

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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.

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

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