Waste Management, Inc. (NYSE:WM) Shares Purchased by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,652 shares of the business services provider’s stock after acquiring an additional 90 shares during the period. Hanseatic Management Services Inc.’s holdings in Waste Management were worth $883,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WM. Washington Trust Bank acquired a new stake in Waste Management in the first quarter valued at $28,000. Hanson McClain Inc. grew its holdings in Waste Management by 51.0% in the first quarter. Hanson McClain Inc. now owns 302 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 102 shares during the last quarter. Acima Private Wealth LLC acquired a new stake in Waste Management in the first quarter valued at $39,000. TCI Wealth Advisors Inc. grew its holdings in Waste Management by 108.9% in the first quarter. TCI Wealth Advisors Inc. now owns 376 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 196 shares during the last quarter. Finally, Princeton Capital Management LLC grew its holdings in Waste Management by 366.4% in the first quarter. Princeton Capital Management LLC now owns 513 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 403 shares during the last quarter. 73.60% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO James C. Fish, Jr. sold 84,314 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $116.51, for a total transaction of $9,823,424.14. Following the transaction, the chief executive officer now directly owns 282,921 shares in the company, valued at $32,963,125.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick W. Gross sold 289 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $118.61, for a total value of $34,278.29. Following the transaction, the director now owns 53,378 shares in the company, valued at $6,331,164.58. The disclosure for this sale can be found here. Insiders sold 85,303 shares of company stock worth $9,930,887 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Several analysts have weighed in on WM shares. Royal Bank of Canada set a $179.00 target price on 3M and gave the company a “hold” rating in a report on Friday, July 26th. CIBC reissued a “hold” rating and issued a $2.50 target price on shares of Advantage Oil & Gas in a report on Thursday, July 18th. KeyCorp lowered Luxfer from an “overweight” rating to a “sector weight” rating and set a $24.30 target price on the stock. in a report on Monday, June 3rd. Stifel Nicolaus started coverage on AAR in a report on Monday, July 8th. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Raymond James set a $240.00 target price on Stryker and gave the company a “buy” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Waste Management presently has a consensus rating of “Buy” and a consensus target price of $113.30.

Shares of NYSE:WM traded up $0.09 on Wednesday, hitting $118.11. The company had a trading volume of 279,480 shares, compared to its average volume of 1,531,373. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.66 and a current ratio of 1.70. Waste Management, Inc. has a 52-week low of $83.22 and a 52-week high of $118.89. The business has a 50 day moving average of $116.35. The firm has a market capitalization of $50.33 billion, a P/E ratio of 28.12, a PEG ratio of 3.21 and a beta of 0.62.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.04. Waste Management had a return on equity of 29.15% and a net margin of 11.49%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the prior year, the business earned $1.01 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, research analysts predict that Waste Management, Inc. will post 4.32 EPS for the current fiscal year.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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

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