Thomasville National Bank Purchases New Position in Waste Management, Inc. $WM

Thomasville National Bank purchased a new stake in shares of Waste Management, Inc. (NYSE:WM) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 3,565 shares of the business services provider’s stock, valued at approximately $795,000.

Several other hedge funds have also modified their holdings of WM. Broadway Wealth Solutions Inc. grew its holdings in shares of Waste Management by 2.8% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock valued at $349,000 after purchasing an additional 44 shares in the last quarter. Bey Douglas LLC grew its stake in shares of Waste Management by 3.7% in the 4th quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock worth $271,000 after buying an additional 44 shares in the last quarter. San Luis Wealth Advisors LLC increased its holdings in shares of Waste Management by 2.4% in the 4th quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock worth $422,000 after buying an additional 45 shares during the last quarter. Birch Hill Investment Advisors LLC increased its holdings in shares of Waste Management by 0.7% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock worth $1,341,000 after buying an additional 45 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its position in shares of Waste Management by 1.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock valued at $527,000 after buying an additional 45 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on WM shares. Oppenheimer dropped their price target on Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Robert W. Baird raised their price objective on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Weiss Ratings upgraded Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 7th. Citigroup boosted their target price on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Stifel Nicolaus raised their price target on Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $258.89.

Waste Management Stock Down 0.3%

Shares of WM opened at $226.19 on Thursday. The firm has a fifty day moving average price of $227.43 and a 200-day moving average price of $227.93. 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 firm has a market capitalization of $90.41 billion, a P/E ratio of 32.04, a P/E/G ratio of 2.79 and a beta of 0.44. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13.

Waste Management (NYSE:WM) last announced 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 analyst estimates 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 quarter last year, the business posted $1.92 EPS. Equities research analysts expect that Waste Management, Inc. will post 8.14 earnings per share for the current year.

Waste Management Profile

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.