TIAA CREF Investment Management LLC reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 12.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,238,347 shares of the business services provider’s stock after selling 309,338 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.51% of Waste Management worth $163,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in Waste Management by 5.8% in the first quarter. Quadrant Capital Group LLC now owns 1,424 shares of the business services provider’s stock valued at $100,000 after buying an additional 78 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Waste Management during the first quarter valued at about $127,000. Pinnacle Bank purchased a new stake in shares of Waste Management during the first quarter valued at about $131,000. Hudock Capital Group LLC increased its stake in shares of Waste Management by 18.0% in the first quarter. Hudock Capital Group LLC now owns 2,048 shares of the business services provider’s stock valued at $149,000 after buying an additional 312 shares during the period. Finally, Advantage Investment Management LLC purchased a new stake in shares of Waste Management during the fourth quarter valued at about $162,000. 75.26% of the stock is currently owned by institutional investors.

Waste Management, Inc. (NYSE WM) traded down 0.13% during trading on Friday, hitting $75.52. 1,350,252 shares of the stock traded hands. The company’s 50 day moving average is $74.14 and its 200 day moving average is $72.60. Waste Management, Inc. has a one year low of $61.08 and a one year high of $76.00. The company has a market capitalization of $33.23 billion, a P/E ratio of 25.86 and a beta of 0.71.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period last year, the business posted $0.74 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts forecast that Waste Management, Inc. will post $3.19 EPS for the current fiscal year.

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WM has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, June 22nd. Stifel Nicolaus boosted their target price on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Waste Management currently has a consensus rating of “Hold” and an average price target of $75.24.

In other Waste Management news, Director John C. Pope sold 453 shares of Waste Management stock in a transaction on Monday, July 17th. The shares were sold at an average price of $74.38, for a total value of $33,694.14. Following the sale, the director now directly owns 51,470 shares in the company, valued at approximately $3,828,338.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick W. Gross sold 487 shares of Waste Management stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total transaction of $36,369.16. Following the completion of the sale, the director now owns 23,222 shares in the company, valued at $1,734,218.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,940 shares of company stock worth $575,603. 0.19% of the stock is currently owned by company insiders.

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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