Disciplina Capital Management LLC Purchases 122 Shares of Waste Management, Inc. $WM

Disciplina Capital Management LLC grew its position in Waste Management, Inc. (NYSE:WM) by 123.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 221 shares of the business services provider’s stock after acquiring an additional 122 shares during the period. Disciplina Capital Management LLC’s holdings in Waste Management were worth $51,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ameriprise Financial Inc. raised its holdings in Waste Management by 5.8% during the 4th quarter. Ameriprise Financial Inc. now owns 4,076,447 shares of the business services provider’s stock worth $822,588,000 after purchasing an additional 224,279 shares during the last quarter. Northern Trust Corp grew its position in shares of Waste Management by 1.8% during the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock worth $941,709,000 after buying an additional 70,907 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Waste Management by 7.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,633,710 shares of the business services provider’s stock worth $531,456,000 after buying an additional 177,398 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Waste Management by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock valued at $570,108,000 after buying an additional 36,836 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Waste Management by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider’s stock valued at $505,137,000 after acquiring an additional 29,715 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Up 0.3%

Shares of NYSE WM opened at $226.80 on Monday. The stock has a market capitalization of $91.36 billion, a P/E ratio of 33.65, a PEG ratio of 2.78 and a beta of 0.64. The stock’s fifty day moving average is $230.00 and its 200 day moving average is $229.68. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The company’s revenue was up 19.0% on a year-over-year basis. Sell-side analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Devina A. Rankin sold 57,888 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the completion of the transaction, the chief financial officer owned 83,934 shares in the company, valued at $19,922,574.24. This trade represents a 40.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total transaction of $159,609.94. Following the sale, the senior vice president directly owned 16,542 shares in the company, valued at $3,917,311.02. The trade was a 3.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WM. Melius initiated coverage on Waste Management in a research note on Monday, June 9th. They issued a “buy” rating on the stock. HSBC raised Waste Management from a “hold” rating to a “buy” rating and increased their target price for the company from $210.00 to $265.00 in a research note on Friday, April 25th. Robert W. Baird lifted their price objective on shares of Waste Management from $235.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a report on Tuesday, April 29th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $254.35.

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.