Waste Management, Inc. $WM Stock Position Decreased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 287,807 shares of the business services provider’s stock after selling 4,287 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.07% of Waste Management worth $64,146,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Spirepoint Private Client LLC boosted its position in shares of Waste Management by 128.1% in the 2nd quarter. Spirepoint Private Client LLC now owns 2,991 shares of the business services provider’s stock valued at $667,000 after purchasing an additional 1,680 shares during the period. Mechanics Financial Corp raised its holdings in Waste Management by 4.8% during the 2nd quarter. Mechanics Financial Corp now owns 3,318 shares of the business services provider’s stock worth $740,000 after buying an additional 152 shares during the period. Mosaic Family Wealth Partners LLC lifted its stake in Waste Management by 8.3% during the second quarter. Mosaic Family Wealth Partners LLC now owns 4,886 shares of the business services provider’s stock valued at $1,089,000 after buying an additional 373 shares in the last quarter. Capital Analysts LLC boosted its holdings in shares of Waste Management by 7.7% in the second quarter. Capital Analysts LLC now owns 5,162 shares of the business services provider’s stock worth $1,151,000 after buying an additional 367 shares during the period. Finally, Donaldson Capital Management LLC increased its position in shares of Waste Management by 1.8% in the second quarter. Donaldson Capital Management LLC now owns 5,819 shares of the business services provider’s stock worth $1,297,000 after acquiring an additional 101 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WM has been the subject of several research analyst reports. Barclays upped their price target on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Oppenheimer cut their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Royal Bank Of Canada increased their target price on Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Weiss Ratings raised Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 7th. Finally, Wells Fargo & Company lowered their price target on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $258.89.

Waste Management Stock Performance

WM stock opened at $223.71 on Wednesday. The firm has a 50 day simple moving average of $227.83 and a 200 day simple moving average of $227.75. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The stock has a market cap of $89.42 billion, a P/E ratio of 31.69, a P/E/G ratio of 2.76 and a beta of 0.44. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. The company had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 EPS. Research analysts anticipate that Waste Management, Inc. will post 8.14 earnings per share for the current fiscal year.

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.