Waste Management, Inc. (NYSE:WM) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 283,637 shares of the business services provider's stock after buying an additional 6,346 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of Waste Management worth $60,511,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WM. ARS Wealth Advisors Group LLC raised its stake in shares of Waste Management by 3.1% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider's stock worth $336,000 after purchasing an additional 47 shares in the last quarter. McClarren Financial Advisors Inc. increased its stake in shares of Waste Management by 29.7% during the 1st quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider's stock worth $46,000 after purchasing an additional 49 shares during the last quarter. Mayflower Financial Advisors LLC lifted its stake in shares of Waste Management by 1.2% in the 1st quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider's stock valued at $911,000 after purchasing an additional 50 shares during the last quarter. Cypress Asset Management Inc. TX increased its position in Waste Management by 1.2% during the first quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider's stock worth $907,000 after buying an additional 50 shares during the last quarter. Finally, McAdam LLC raised its holdings in Waste Management by 4.0% during the first quarter. McAdam LLC now owns 1,317 shares of the business services provider's stock valued at $281,000 after buying an additional 51 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Performance

WM stock traded up $1.19 during trading hours on Monday, reaching $206.59. The stock had a trading volume of 1,886,725 shares, compared to its average volume of 1,710,429. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $225.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. The stock has a market capitalization of $82.86 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 2.31 and a beta of 0.74. The stock has a 50-day simple moving average of $209.03 and a 200 day simple moving average of $207.34.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, hitting analysts' consensus estimates of $1.82. The firm had revenue of $5.40 billion during the quarter, compared to analysts' expectations of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.51 earnings per share. Analysts predict that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Insider Activity at Waste Management

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction dated 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 sale, 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 Securities & Exchange Commission, which is available through the SEC website. In other Waste Management news, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction on Tuesday, July 16th. The stock was 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 available through this hyperlink. Also, VP Michael J. Watson sold 4,208 shares of the stock in a transaction 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 sale, the vice president now directly owns 45,644 shares in the company, valued at $9,324,156.32. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Waste Management in a report on Wednesday, May 22nd. They issued a "buy" rating and a $241.00 target price on the stock. Erste Group Bank restated a "hold" rating on shares of Waste Management in a research note on Friday, June 14th. StockNews.com downgraded Waste Management from a "strong-buy" rating to a "buy" rating in a research report on Thursday, July 25th. Oppenheimer lowered their price objective on shares of Waste Management from $229.00 to $224.00 and set an "outperform" rating on the stock in a research note on Friday, July 26th. Finally, Morgan Stanley upped their target price on shares of Waste Management from $202.00 to $214.00 and gave the company an "equal weight" rating in a research note on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $215.83.

About Waste Management

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.

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