Strategic Investment Advisors MI raised its stake in shares of Waste Management, Inc. (NYSE:WM) by 11.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,316 shares of the business services provider’s stock after purchasing an additional 239 shares during the period. Strategic Investment Advisors MI’s holdings in Waste Management were worth $266,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in Waste Management by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 5,208,586 shares of the business services provider’s stock valued at $462,699,000 after purchasing an additional 326,408 shares during the period. Northern Trust Corp grew its holdings in Waste Management by 1.4% during the first quarter. Northern Trust Corp now owns 5,096,397 shares of the business services provider’s stock valued at $529,567,000 after purchasing an additional 72,356 shares during the period. Norges Bank bought a new stake in Waste Management during the fourth quarter valued at about $402,210,000. Nordea Investment Management AB grew its holdings in Waste Management by 22.9% during the first quarter. Nordea Investment Management AB now owns 2,936,324 shares of the business services provider’s stock valued at $305,112,000 after purchasing an additional 547,291 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Waste Management by 14.9% during the first quarter. California Public Employees Retirement System now owns 2,894,015 shares of the business services provider’s stock valued at $300,717,000 after purchasing an additional 374,826 shares during the period. 73.59% of the stock is owned by institutional investors and hedge funds.

In related news, CEO James C. Fish, Jr. sold 84,314 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $116.51, for a total transaction of $9,823,424.14. Following the completion of the transaction, the chief executive officer now directly owns 282,921 shares of the company’s stock, valued at $32,963,125.71. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Michael J. Watson sold 700 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $104.55, for a total value of $73,185.00. Following the transaction, the vice president now directly owns 9,518 shares of the company’s stock, valued at $995,106.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,098 shares of company stock valued at $14,483,420. Corporate insiders own 0.14% of the company’s stock.

Several analysts have issued reports on WM shares. Argus boosted their price target on Waste Management from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, April 26th. UBS Group reissued a “hold” rating on shares of Deutsche Bank in a report on Thursday, April 4th. CIBC reaffirmed a “hold” rating and issued a $2.50 price objective on shares of Advantage Oil & Gas in a research note on Thursday, July 18th. KeyCorp lowered Luxfer from an “overweight” rating to a “sector weight” rating and set a $24.30 price objective for the company. in a research note on Monday, June 3rd. Finally, Royal Bank of Canada set a €67.00 ($77.91) price objective on Daimler and gave the stock a “buy” rating in a research note on Monday, June 3rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $111.67.

Shares of NYSE WM traded up $1.78 during mid-day trading on Friday, reaching $118.50. The company’s stock had a trading volume of 1,845,585 shares, compared to its average volume of 1,562,221. The company has a market cap of $50.33 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.20 and a beta of 0.62. The company has a quick ratio of 0.66, a current ratio of 1.70 and a debt-to-equity ratio of 1.95. The firm’s fifty day simple moving average is $116.05. Waste Management, Inc. has a 52 week low of $83.22 and a 52 week high of $118.89.

Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.94 billion. Waste Management had a return on equity of 29.15% and a net margin of 11.49%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.01 earnings per share. As a group, equities research analysts anticipate that Waste Management, Inc. will post 4.31 EPS for the current fiscal year.

Waste Management Company Profile

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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