Clearstead Advisors LLC Has $21.03 Million Holdings in Waste Management, Inc. $WM

Clearstead Advisors LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,236 shares of the business services provider’s stock after purchasing an additional 2,266 shares during the quarter. Clearstead Advisors LLC’s holdings in Waste Management were worth $21,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantum Private Wealth LLC boosted its stake in shares of Waste Management by 15.1% during the 3rd quarter. Quantum Private Wealth LLC now owns 1,221 shares of the business services provider’s stock worth $270,000 after buying an additional 160 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in Waste Management by 8.8% in the third quarter. Koshinski Asset Management Inc. now owns 13,213 shares of the business services provider’s stock valued at $2,918,000 after purchasing an additional 1,066 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its position in shares of Waste Management by 3.5% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 9,055 shares of the business services provider’s stock worth $2,000,000 after purchasing an additional 308 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its stake in shares of Waste Management by 8.0% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 1,446 shares of the business services provider’s stock worth $319,000 after purchasing an additional 107 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Waste Management by 2.1% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 126,567 shares of the business services provider’s stock valued at $27,950,000 after buying an additional 2,577 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WM has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on shares of Waste Management in a research report on Monday, November 24th. They set a “buy” rating and a $256.00 price target on the stock. Wells Fargo & Company upped their target price on shares of Waste Management from $246.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 30th. UBS Group upgraded Waste Management from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $260.00 in a report on Friday, January 9th. Citigroup lowered their price target on Waste Management from $270.00 to $263.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Finally, Sanford C. Bernstein lifted their target price on Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $253.55.

Waste Management Trading Down 1.4%

Shares of NYSE:WM opened at $230.07 on Monday. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58. The business has a 50 day moving average of $224.16 and a 200-day moving average of $219.29. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.22. The stock has a market cap of $92.80 billion, a PE ratio of 34.34, a P/E/G ratio of 2.44 and a beta of 0.58.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.Waste Management’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $1.70 EPS. As a group, equities research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Insider Activity at Waste Management

In other news, SVP Johnson Varkey sold 428 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $219.63, for a total value of $94,001.64. Following the completion of the sale, the senior vice president owned 10,224 shares of the company’s stock, valued at approximately $2,245,497.12. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Donald J. Smith sold 12,194 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $233.48, for a total transaction of $2,847,055.12. Following the transaction, the vice president directly owned 6,024 shares in the company, valued at approximately $1,406,483.52. This represents a 66.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 62,746 shares of company stock valued at $14,470,494. 0.18% of the stock is currently owned by insiders.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.