Great Valley Advisor Group Inc. Acquires 269 Shares of Waste Management, Inc. (NYSE:WM)

Great Valley Advisor Group Inc. increased its holdings in Waste Management, Inc. (NYSE:WM) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,308 shares of the business services provider’s stock after purchasing an additional 269 shares during the period. Great Valley Advisor Group Inc.’s holdings in Waste Management were worth $1,986,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC raised its stake in shares of Waste Management by 170.5% in the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 75 shares during the period. Sachetta LLC purchased a new stake in shares of Waste Management in the fourth quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Waste Management in the second quarter valued at $31,000. Opal Wealth Advisors LLC purchased a new stake in shares of Waste Management in the first quarter valued at $35,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Waste Management in the fourth quarter valued at $36,000. Institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WM shares. StockNews.com cut shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 25th. Royal Bank of Canada cut their price target on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Robert W. Baird cut their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. CIBC cut their price target on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Finally, Stifel Nicolaus upped their price target 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. 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 stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $215.83.

Insider Activity at Waste Management

In related news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value 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 approximately $9,711,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the transaction, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Michael J. Watson sold 4,208 shares of the firm’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 transaction, the vice president now directly owns 45,644 shares of the company’s stock, valued at $9,324,156.32. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Up 1.2 %

NYSE:WM opened at $206.29 on Thursday. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $225.00. The stock has a market capitalization of $82.74 billion, a P/E ratio of 33.76, a P/E/G ratio of 2.30 and a beta of 0.74. 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’s 50-day simple moving average is $208.75 and its 200-day simple moving average is $206.78.

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

Waste Management Company 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.