Milestone Asset Management LLC Grows Stock Position in Waste Management, Inc. (NYSE:WM)

Milestone Asset Management LLC grew its position in shares of Waste Management, Inc. (NYSE:WM) by 75.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,315 shares of the business services provider’s stock after purchasing an additional 1,429 shares during the period. Milestone Asset Management LLC’s holdings in Waste Management were worth $707,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WM. ARS Wealth Advisors Group LLC grew its position in shares of Waste Management by 3.1% in the second quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 47 shares during the last quarter. McClarren Financial Advisors Inc. boosted its position in shares of Waste Management by 29.7% in the first quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 49 shares during the period. Mayflower Financial Advisors LLC grew its stake in shares of Waste Management by 1.2% in the first quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider’s stock worth $911,000 after acquiring an additional 50 shares during the last quarter. Cypress Asset Management Inc. TX increased its position in Waste Management by 1.2% during the first quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock worth $907,000 after acquiring an additional 50 shares during the period. Finally, McAdam LLC boosted its holdings in Waste Management by 4.0% in the 1st quarter. McAdam LLC now owns 1,317 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 51 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Up 0.6 %

NYSE WM traded up $1.19 during trading hours on Monday, reaching $206.59. 1,886,725 shares of the company’s stock were exchanged, compared to its average volume of 1,710,429. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. The company has a market capitalization of $82.86 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.31 and a beta of 0.74. The company’s 50-day moving average is $208.93 and its two-hundred day moving average is $207.21. Waste Management, Inc. has a one year low of $149.71 and a one year high of $225.00.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.82. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The firm had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same period in the prior year, the business earned $1.51 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts forecast that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Morgan Stanley upped their target price on Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. TD Cowen upped their price objective on shares of Waste Management from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Oppenheimer lowered their target price on Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Stifel Nicolaus increased their price objective on shares of Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Waste Management in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 target price for the company. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $215.83.

Insider Buying and Selling

In other news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares in the company, valued at approximately $9,324,156.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Michael J. Watson sold 4,208 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total transaction of $859,610.24. Following the sale, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the transaction, the vice president now directly owns 44,144 shares of the company’s stock, valued at $9,711,680. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.