Global X Management Co. LLC increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 28.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,493 shares of the business services provider’s stock after buying an additional 1,456 shares during the period. Global X Management Co. LLC’s holdings in Waste Management were worth $476,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pioneer Investment Management Inc. increased its stake in shares of Waste Management by 36.6% in the second quarter. Pioneer Investment Management Inc. now owns 1,579,900 shares of the business services provider’s stock valued at $115,885,000 after buying an additional 423,657 shares during the last quarter. HL Financial Services LLC increased its stake in shares of Waste Management by 4.4% in the second quarter. HL Financial Services LLC now owns 2,966 shares of the business services provider’s stock valued at $218,000 after buying an additional 125 shares during the last quarter. Financial Advisory Service Inc. increased its stake in shares of Waste Management by 1.9% in the second quarter. Financial Advisory Service Inc. now owns 5,772 shares of the business services provider’s stock valued at $423,000 after buying an additional 108 shares during the last quarter. Advisor Partners LLC increased its stake in shares of Waste Management by 39.6% in the second quarter. Advisor Partners LLC now owns 12,051 shares of the business services provider’s stock valued at $884,000 after buying an additional 3,421 shares during the last quarter. Finally, Davis R M Inc. increased its stake in shares of Waste Management by 1.7% in the second quarter. Davis R M Inc. now owns 5,189 shares of the business services provider’s stock valued at $381,000 after buying an additional 89 shares during the last quarter. 75.53% of the stock is owned by institutional investors and hedge funds.

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

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 earnings per share 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 business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the prior year, the company earned $0.74 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.

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

In other news, CEO James C. Fish, Jr. sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $72.19, for a total transaction of $252,665.00. Following the sale, 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 hyperlink. Also, Director Patrick W. Gross sold 487 shares of the company’s stock in a transaction on 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 directly owns 23,222 shares in the company, 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 worth $322,728 in the last ninety days. 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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