Advisor Partners LLC Grows Holdings in Waste Management, Inc. (NYSE:WM)

Advisor Partners LLC raised its position in Waste Management, Inc. (NYSE:WM) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,683 shares of the business services provider’s stock after buying an additional 1,040 shares during the period. Advisor Partners LLC’s holdings in Waste Management were worth $1,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WM. Howe & Rusling Inc. increased its stake in shares of Waste Management by 139.6% during the third quarter. Howe & Rusling Inc. now owns 218 shares of the business services provider’s stock worth $25,000 after purchasing an additional 127 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Waste Management by 48.1% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 308 shares of the business services provider’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Price Capital Management Inc. purchased a new stake in shares of Waste Management during the fourth quarter worth about $46,000. Manchester Financial Inc. purchased a new stake in shares of Waste Management during the fourth quarter worth about $46,000. Finally, Selective Wealth Management Inc. purchased a new stake in shares of Waste Management during the third quarter worth about $57,000. 72.84% of the stock is owned by institutional investors.

In related news, Director Frank M. Clark sold 267 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $119.69, for a total transaction of $31,957.23. Following the completion of the sale, the director now owns 32,396 shares of the company’s stock, valued at approximately $3,877,477.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO James C. Fish, Jr. sold 3,158 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $110.97, for a total transaction of $350,443.26. Following the sale, the chief executive officer now directly owns 245,329 shares of the company’s stock, valued at approximately $27,224,159.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,064 shares of company stock valued at $1,006,361. 0.14% of the stock is owned by corporate insiders.

A number of research firms have recently commented on WM. ValuEngine cut shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group began coverage on shares of Waste Management in a research note on Wednesday, November 27th. They set a “hold” rating and a $120.00 target price for the company. CIBC began coverage on shares of Waste Management in a research note on Tuesday, December 17th. They set an “outperform” rating and a $130.00 target price for the company. Stifel Nicolaus set a $125.00 target price on shares of Waste Management and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Deutsche Bank began coverage on shares of Waste Management in a research note on Friday, January 17th. They set a “hold” rating and a $123.00 target price for the company. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Waste Management currently has a consensus rating of “Buy” and a consensus price target of $121.42.

Shares of NYSE WM opened at $121.00 on Friday. Waste Management, Inc. has a 12-month low of $93.85 and a 12-month high of $121.93. The stock has a market cap of $51.33 billion, a PE ratio of 29.51, a P/E/G ratio of 3.14 and a beta of 0.60. The company has a current ratio of 1.86, a quick ratio of 1.82 and a debt-to-equity ratio of 1.94. The company has a 50-day moving average of $114.96 and a 200 day moving average of $115.22.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. Waste Management had a net margin of 11.35% and a return on equity of 28.63%. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the company earned $1.15 EPS. Waste Management’s revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts forecast that Waste Management, Inc. will post 4.37 EPS for the current fiscal year.

Waste Management 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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