HL Financial Services LLC increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 4.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,966 shares of the business services provider’s stock after buying an additional 125 shares during the period. HL Financial Services LLC’s holdings in Waste Management were worth $218,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Financial Advisory Service Inc. boosted 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 period. Advisor Partners LLC boosted 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 period. Davis R M Inc. boosted 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 period. Retirement Systems of Alabama boosted its stake in shares of Waste Management by 0.4% in the second quarter. Retirement Systems of Alabama now owns 432,671 shares of the business services provider’s stock valued at $31,736,000 after buying an additional 1,529 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of Waste Management by 2.9% in the second quarter. IFP Advisors Inc now owns 30,800 shares of the business services provider’s stock valued at $2,259,000 after buying an additional 867 shares during the period. 75.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of Waste Management, Inc. (WM) opened at 75.25 on Monday. Waste Management, Inc. has a 52-week low of $61.08 and a 52-week high of $76.33. The firm has a market cap of $33.11 billion, a PE ratio of 25.77 and a beta of 0.71. The stock has a 50 day moving average price of $74.81 and a 200-day moving average price of $73.07.

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

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Several analysts have issued reports on the company. Zacks Investment Research cut Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Stifel Nicolaus raised their price objective on Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Oppenheimer Holdings, Inc. raised their price objective on Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 5th. BMO Capital Markets began coverage on Waste Management in a research report on Thursday, June 29th. They issued an “outperform” rating and a $81.00 price objective for the company. Finally, Credit Suisse Group raised their price objective on 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 issued a hold rating and six have issued a buy rating to the company. Waste Management has a consensus rating of “Hold” and an average target price of $75.51.

In other Waste Management news, CEO James C. Fish, Jr. sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $72.19, for a total value of $252,665.00. Following the completion of the transaction, the chief executive officer now owns 151,162 shares in the company, valued at $10,912,384.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patrick W. Gross sold 487 shares of the company’s 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 transaction, 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 sold 4,440 shares of company stock valued at $322,728 in the last 90 days. 0.19% of the stock is currently owned by insiders.

Waste Management Company Profile

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.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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