Raymond James Trust N.A. Reduces Holdings in Waste Management, Inc. (NYSE:WM)

Raymond James Trust N.A. lowered its position in Waste Management, Inc. (NYSE:WM - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 51,124 shares of the business services provider's stock after selling 1,353 shares during the quarter. Raymond James Trust N.A.'s holdings in Waste Management were worth $10,907,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. ARS Wealth Advisors Group LLC boosted its stake in Waste Management by 3.1% in 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 during the period. McClarren Financial Advisors Inc. boosted its position in shares of Waste Management by 29.7% during the first quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider's stock worth $46,000 after acquiring an additional 49 shares during the last quarter. Mayflower Financial Advisors LLC lifted its stake in 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 worth $911,000 after purchasing an additional 50 shares in the last quarter. Cypress Asset Management Inc. TX grew its position in shares of 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 valued at $907,000 after purchasing an additional 50 shares in the last quarter. Finally, GYL Financial Synergies LLC increased its holdings in shares of Waste Management by 3.8% in the second quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider's stock worth $290,000 after purchasing an additional 50 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on WM. Oppenheimer reduced their price objective on Waste Management from $229.00 to $224.00 and set an "outperform" rating on the stock in a research note on Friday, July 26th. BMO Capital Markets decreased their price objective on Waste Management from $215.00 to $213.00 and set a "market perform" rating on the stock in a research report on Friday, July 26th. StockNews.com cut Waste Management from a "strong-buy" rating to a "buy" rating in a report on Thursday, July 25th. TD Cowen lifted their price objective on shares of Waste Management from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, April 29th. Finally, Truist Financial reduced their target price on shares of Waste Management from $240.00 to $235.00 and set a "buy" rating on the stock in a research note on Thursday, July 11th. Eleven equities research 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 stock. According to data from MarketBeat, Waste Management currently has an average rating of "Moderate Buy" and a consensus target price of $215.83.

Insider Activity

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the business's stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares in the company, valued at $9,324,156.32. The sale was disclosed in a 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 company's stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following 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 filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael J. Watson sold 4,208 shares of the business's stock in a transaction dated 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 owns 45,644 shares in the company, valued at approximately $9,324,156.32. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Waste Management Stock Down 0.1 %

NYSE:WM traded down $0.14 during mid-day trading on Friday, reaching $209.98. The company's stock had a trading volume of 810,828 shares, compared to its average volume of 1,675,305. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $84.27 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 2.35 and a beta of 0.74. The stock has a fifty day moving average of $209.62 and a 200-day moving average of $207.92. Waste Management, Inc. has a 1 year low of $149.71 and a 1 year high of $225.00.

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

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