The Weatherly Asset Management L. P. Has $5,096,000 Position in Waste Management, Inc. (WM)

The Weatherly Asset Management L. P. Has $5,096,000 Position in Waste Management, Inc. (WM)

Weatherly Asset Management L. P. decreased its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.0% during the third quarter, Holdings Channel reports. The institutional investor owned 79,929 shares of the company’s stock after selling 20 shares during the period. Waste Management accounts for approximately 1.7% of Weatherly Asset Management L. P.’s portfolio, making the stock its 16th largest position. Weatherly Asset Management L. P.’s holdings in Waste Management were worth $5,096,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WM. Garland Capital Management Inc. increased its position in shares of Waste Management by 0.3% in the third quarter. Garland Capital Management Inc. now owns 75,650 shares of the company’s stock worth $4,823,000 after buying an additional 200 shares during the period. Quantbot Technologies LP acquired a new position in shares of Waste Management during the third quarter worth about $1,446,000. Simmons Bank increased its position in shares of Waste Management by 7.6% in the third quarter. Simmons Bank now owns 3,280 shares of the company’s stock worth $209,000 after buying an additional 232 shares during the period. Huntington National Bank increased its position in shares of Waste Management by 36.2% in the third quarter. Huntington National Bank now owns 30,827 shares of the company’s stock worth $1,966,000 after buying an additional 8,188 shares during the period. Finally, Strategy Asset Managers LLC increased its position in shares of Waste Management by 2.7% in the third quarter. Strategy Asset Managers LLC now owns 19,729 shares of the company’s stock worth $1,258,000 after buying an additional 515 shares during the period. 73.00% of the stock is owned by hedge funds and other institutional investors.

Shares of Waste Management, Inc. (NYSE:WM) traded up 0.07% during midday trading on Wednesday, reaching $69.53. The company’s stock had a trading volume of 457,648 shares. Waste Management, Inc. has a 12 month low of $50.36 and a 12 month high of $71.78. The stock has a market capitalization of $30.73 billion, a PE ratio of 27.90 and a beta of 0.72. The stock’s 50 day moving average is $70.24 and its 200 day moving average is $66.41.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The business earned $3.55 billion during the quarter, compared to the consensus estimate of $3.50 billion. Waste Management had a return on equity of 24.07% and a net margin of 8.36%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share. On average, analysts forecast that Waste Management, Inc. will post $2.92 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) assumed coverage on Waste Management in a research note on Tuesday, November 1st. They set a “sell” rating and a $63.00 target price for the company. Vetr downgraded Waste Management from a “buy” rating to a “hold” rating and set a $68.25 target price for the company. in a research note on Wednesday, November 9th. Wedbush downgraded Waste Management from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $73.00 to $68.00 in a research note on Thursday, October 13th. They noted that the move was a valuation call. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Tuesday, September 27th. Finally, Barclays PLC raised Waste Management from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $63.37 to $70.00 in a research note on Monday, November 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Waste Management has an average rating of “Hold” and a consensus price target of $69.55.

About Waste Management

Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.

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