Raymond James & Associates Has $221.14 Million Holdings in Waste Management, Inc. (NYSE:WM)

Raymond James & Associates raised its position in Waste Management, Inc. (NYSE:WM) by 0.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,036,540 shares of the business services provider’s stock after purchasing an additional 4,947 shares during the period. Raymond James & Associates’ holdings in Waste Management were worth $221,135,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Hexagon Capital Partners LLC grew its holdings in Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after acquiring an additional 75 shares during the period. Sachetta LLC bought a new stake in shares of Waste Management during the 4th quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Waste Management during the second quarter worth approximately $31,000. Opal Wealth Advisors LLC bought a new stake in Waste Management in the first quarter worth approximately $35,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in shares of Waste Management during the 4th quarter worth approximately $36,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 value of $859,610.24. Following the transaction, the vice president now owns 45,644 shares in the company, valued at $9,324,156.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Michael J. Watson sold 4,208 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the sale, the vice president now directly owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction dated Tuesday, July 16th. The stock was 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 owns 44,144 shares of the company’s stock, valued at approximately $9,711,680. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Stock Down 0.7 %

Waste Management stock traded down $1.51 during midday trading on Friday, hitting $205.40. 1,536,923 shares of the stock were exchanged, compared to its average volume of 1,709,305. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $82.43 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 2.31 and a beta of 0.74. Waste Management, Inc. has a 52-week low of $149.71 and a 52-week high of $225.00. The business’s 50-day moving average price is $208.93 and its 200-day moving average price is $207.06.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WM. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Morgan Stanley raised 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. Oppenheimer dropped their price target on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Raymond James raised their price objective on Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, TD Cowen upped their target price on Waste Management from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Eleven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $215.83.

Waste Management Profile

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.