Homrich & Berg cut its position in shares of Waste Management, Inc. (NYSE:WM) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,821 shares of the business services provider’s stock after selling 175 shares during the period. Homrich & Berg’s holdings in Waste Management were worth $716,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Choate Investment Advisors increased its stake in Waste Management by 0.7% in the first quarter. Choate Investment Advisors now owns 3,224 shares of the business services provider’s stock worth $235,000 after buying an additional 22 shares in the last quarter. Lakeview Capital Partners LLC increased its stake in Waste Management by 0.8% in the first quarter. Lakeview Capital Partners LLC now owns 3,630 shares of the business services provider’s stock worth $265,000 after buying an additional 30 shares in the last quarter. American Asset Management Inc. increased its stake in Waste Management by 0.7% in the first quarter. American Asset Management Inc. now owns 5,797 shares of the business services provider’s stock worth $423,000 after buying an additional 40 shares in the last quarter. Bangor Savings Bank increased its stake in Waste Management by 1.4% in the first quarter. Bangor Savings Bank now owns 3,438 shares of the business services provider’s stock worth $251,000 after buying an additional 47 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its stake in Waste Management by 1.0% in the first quarter. Wetherby Asset Management Inc. now owns 5,595 shares of the business services provider’s stock worth $408,000 after buying an additional 57 shares in the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

Waste Management, Inc. (NYSE WM) traded down 0.13% during mid-day trading on Friday, reaching $75.52. 1,350,252 shares of the company traded hands. The stock has a market capitalization of $33.23 billion, a price-to-earnings ratio of 25.86 and a beta of 0.71. The company’s 50-day moving average is $74.14 and its 200-day moving average is $72.60. Waste Management, Inc. has a 12-month low of $61.08 and a 12-month high of $76.00.

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. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts predict that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.

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A number of research firms have weighed in on WM. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Thursday, June 22nd. BMO Capital Markets initiated coverage on shares of Waste Management in a research report on Thursday, June 29th. They set an “outperform” rating and a $81.00 price objective for the company. Stifel Nicolaus raised their price objective on shares of Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, Credit Suisse Group raised their price objective on shares of Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Waste Management currently has a consensus rating of “Hold” and a consensus price target of $75.24.

In other news, CEO James C. Fish, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $72.19, for a total value of $252,665.00. Following the transaction, the chief executive officer now owns 151,162 shares of the company’s stock, valued at $10,912,384.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick W. Gross sold 487 shares of the stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total value of $36,369.16. Following the sale, the director now 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 7,940 shares of company stock worth $575,603 over the last ninety days. 0.19% of the stock is currently owned by 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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