Coppell Advisory Solutions LLC Purchases Shares of 7,531 Waste Management, Inc. $WM

Coppell Advisory Solutions LLC acquired a new position in shares of Waste Management, Inc. (NYSE:WMFree Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,531 shares of the business services provider’s stock, valued at approximately $1,679,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MBA Advisors LLC raised its holdings in shares of Waste Management by 27.9% in the 2nd quarter. MBA Advisors LLC now owns 2,411 shares of the business services provider’s stock worth $537,000 after purchasing an additional 526 shares during the period. Symphony Financial Ltd. Co. increased its position in Waste Management by 17.7% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 10,286 shares of the business services provider’s stock worth $2,297,000 after purchasing an additional 1,548 shares in the last quarter. Proficio Capital Partners LLC increased its position in Waste Management by 15.5% during the 2nd quarter. Proficio Capital Partners LLC now owns 10,976 shares of the business services provider’s stock worth $2,446,000 after purchasing an additional 1,473 shares in the last quarter. Community Bank & Trust Waco Texas raised its holdings in Waste Management by 2.9% in the second quarter. Community Bank & Trust Waco Texas now owns 4,394 shares of the business services provider’s stock valued at $979,000 after buying an additional 125 shares during the period. Finally, Nwam LLC lifted its position in Waste Management by 0.6% during the second quarter. Nwam LLC now owns 9,015 shares of the business services provider’s stock valued at $2,009,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on WM. Weiss Ratings lowered shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. Scotiabank upped their price target on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Royal Bank Of Canada increased their price target on Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce lowered Waste Management from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, UBS Group upped their target price on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.89.

View Our Latest Analysis on Waste Management

Waste Management Price Performance

WM opened at $219.17 on Thursday. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The firm has a market cap of $87.60 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.77 and a beta of 0.42. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. The company has a fifty day simple moving average of $228.65 and a 200 day simple moving average of $227.32.

Waste Management (NYSE:WMGet Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. The company had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.92 EPS. Equities research analysts expect that Waste Management, Inc. will post 8.13 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.945 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. Waste Management’s dividend payout ratio is currently 53.54%.

Waste Management Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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