Waste Management, Inc. (NYSE:WM) Shares Acquired by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. grew its holdings in Waste Management, Inc. (NYSE:WM) by 3.0% during the 2nd quarter, Holdings Channel reports. The firm owned 15,098 shares of the business services provider’s stock after buying an additional 434 shares during the period. Institute for Wealth Management LLC.’s holdings in Waste Management were worth $1,742,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Waste Management by 45.8% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 360,054 shares of the business services provider’s stock valued at $41,539,000 after buying an additional 113,173 shares during the period. Calton & Associates Inc. bought a new stake in Waste Management in the 1st quarter valued at about $286,000. Baldwin Brothers Inc. MA lifted its position in Waste Management by 2.0% in the 2nd quarter. Baldwin Brothers Inc. MA now owns 45,207 shares of the business services provider’s stock valued at $5,216,000 after purchasing an additional 900 shares during the last quarter. Burns J W & Co. Inc. NY lifted its position in Waste Management by 4.3% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 33,755 shares of the business services provider’s stock valued at $3,894,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Family Legacy Inc. lifted its position in Waste Management by 11.6% in the 2nd quarter. Family Legacy Inc. now owns 4,110 shares of the business services provider’s stock valued at $474,000 after purchasing an additional 426 shares during the last quarter. Institutional investors and hedge funds own 73.43% of the company’s stock.

In other Waste Management news, Director Patrick W. Gross sold 289 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $118.61, for a total transaction of $34,278.29. Following the sale, the director now directly owns 53,378 shares in the company, valued at approximately $6,331,164.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James C. Fish, Jr. sold 84,314 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 282,921 shares in the company, valued at $32,963,125.71. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Several analysts recently weighed in on WM shares. Scotiabank started coverage on shares of Waste Management in a research report on Monday, July 22nd. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. started coverage on shares of Waste Management in a research report on Wednesday, August 7th. They issued a “neutral” rating and a $120.00 price objective on the stock. Argus lifted their price objective on shares of Waste Management from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, April 26th. KeyCorp lifted their price objective on shares of Waste Management from $112.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, June 3rd. Finally, Stifel Nicolaus lifted their price objective on shares of Waste Management from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Waste Management currently has an average rating of “Buy” and a consensus price target of $113.91.

Shares of WM stock traded up $0.92 during midday trading on Friday, reaching $119.12. 1,610,700 shares of the company were exchanged, compared to its average volume of 1,791,718. Waste Management, Inc. has a 12 month low of $83.22 and a 12 month high of $119.56. The company has a market cap of $50.14 billion, a P/E ratio of 28.36, a PEG ratio of 3.19 and a beta of 0.62. The company’s 50 day moving average price is $117.22 and its two-hundred day moving average price is $108.00. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.66 and a current ratio of 1.70.

Waste Management (NYSE:WM) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. Waste Management had a net margin of 11.49% and a return on equity of 29.15%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the firm earned $1.01 EPS. Waste Management’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Waste Management, Inc. will post 4.33 earnings per share for the current 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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