Advisor Partners LLC Has $884,000 Stake in Waste Management, Inc. (WM)

Advisor Partners LLC increased its stake in Waste Management, Inc. (NYSE:WM) by 39.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,051 shares of the business services provider’s stock after buying an additional 3,421 shares during the period. Advisor Partners LLC’s holdings in Waste Management were worth $884,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Waste Management by 2,611.5% in the first quarter. BlackRock Inc. now owns 30,162,320 shares of the business services provider’s stock valued at $2,199,436,000 after buying an additional 29,049,915 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Waste Management by 95.0% in the first quarter. Renaissance Technologies LLC now owns 3,857,300 shares of the business services provider’s stock valued at $281,274,000 after buying an additional 1,879,300 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Waste Management by 5.8% in the first quarter. Vanguard Group Inc. now owns 32,753,532 shares of the business services provider’s stock valued at $2,388,388,000 after buying an additional 1,790,546 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of Waste Management by 8,786.6% in the second quarter. Harbour Capital Advisors LLC now owns 903,232 shares of the business services provider’s stock valued at $12,314,000 after buying an additional 893,068 shares in the last quarter. Finally, Janus Capital Management LLC increased its position in shares of Waste Management by 34.1% in the first quarter. Janus Capital Management LLC now owns 3,449,747 shares of the business services provider’s stock valued at $251,556,000 after buying an additional 876,766 shares in the last quarter. Hedge funds and other institutional investors own 75.53% of the company’s stock.

Waste Management, Inc. (NYSE WM) opened at 75.25 on Friday. Waste Management, Inc. has a 12-month low of $61.08 and a 12-month high of $76.33. The firm’s 50 day moving average is $74.81 and its 200 day moving average is $73.07. The company has a market cap of $33.11 billion, a P/E ratio of 25.77 and a beta of 0.71.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 earnings per share. Equities research analysts anticipate that Waste Management, Inc. will post $3.19 EPS for the current fiscal year.

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Several brokerages recently weighed in on WM. Zacks Investment Research downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Stifel Nicolaus upped their target price on shares of Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, July 18th. Oppenheimer Holdings, Inc. upped their target price on shares of Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, July 5th. Credit Suisse Group upped their target price on shares of Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. Finally, BMO Capital Markets began coverage on shares of Waste Management in a report on Thursday, June 29th. They issued an “outperform” rating and a $81.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $75.51.

In other news, Director John C. Pope sold 453 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $74.38, for a total transaction of $33,694.14. Following the completion of the sale, the director now owns 51,470 shares of the company’s stock, valued at $3,828,338.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick W. Gross sold 487 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total transaction of $36,369.16. Following the sale, the director now directly owns 23,222 shares of the company’s stock, valued at approximately $1,734,218.96. The disclosure for this sale can be found here. Insiders have sold 4,440 shares of company stock valued at $322,728 in the last three months. Corporate insiders own 0.19% of the company’s stock.

About Waste Management

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

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

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