Brookstone Capital Management lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 18.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,879 shares of the business services provider’s stock after purchasing an additional 1,061 shares during the period. Brookstone Capital Management’s holdings in Waste Management were worth $622,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Waste Management during the second quarter worth about $100,000. Point72 Hong Kong Ltd boosted its holdings in shares of Waste Management by 1,095.4% during the second quarter. Point72 Hong Kong Ltd now owns 1,303 shares of the business services provider’s stock worth $106,000 after purchasing an additional 1,194 shares during the period. Braun Bostich & Associates Inc. boosted its holdings in shares of Waste Management by 546.0% during the second quarter. Braun Bostich & Associates Inc. now owns 1,447 shares of the business services provider’s stock worth $118,000 after purchasing an additional 1,223 shares during the period. Vigilant Capital Management LLC boosted its holdings in shares of Waste Management by 200.0% during the third quarter. Vigilant Capital Management LLC now owns 1,500 shares of the business services provider’s stock worth $136,000 after purchasing an additional 1,000 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Waste Management by 113.8% during the third quarter. Rockefeller Capital Management L.P. now owns 1,518 shares of the business services provider’s stock worth $137,000 after purchasing an additional 808 shares during the period. Institutional investors own 75.27% of the company’s stock.

In other news, VP Jeff M. Harris sold 24,500 shares of Waste Management stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $90.00, for a total transaction of $2,205,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Thursday, September 20th. ValuEngine upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. BMO Capital Markets raised their price objective on shares of Waste Management to $98.00 and gave the stock an “overweight” rating in a report on Monday, October 8th. They noted that the move was a valuation call. Oppenheimer restated a “buy” rating and issued a $95.00 price objective on shares of Waste Management in a report on Thursday, October 25th. Finally, Raymond James restated a “buy” rating on shares of Waste Management in a report on Monday, October 29th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $95.50.

Shares of WM opened at $90.46 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. Waste Management, Inc. has a one year low of $78.33 and a one year high of $92.85. The stock has a market capitalization of $37.45 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.78 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.04. Waste Management had a net margin of 15.60% and a return on equity of 27.93%. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Sell-side analysts predict that Waste Management, Inc. will post 4.13 EPS for the current fiscal year.

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About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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

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