Garrison Financial Corp cut its stake in shares of Waste Management, Inc. (NYSE:WM) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,234 shares of the business services provider’s stock after selling 1,649 shares during the period. Waste Management comprises 2.3% of Garrison Financial Corp’s portfolio, making the stock its 13th largest position. Garrison Financial Corp’s holdings in Waste Management were worth $3,905,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Waste Management by 5.8% in the first quarter. Vanguard Group Inc. now owns 32,753,532 shares of the business services provider’s stock worth $2,388,388,000 after buying an additional 1,790,546 shares during the period. BlackRock Inc. boosted its stake in shares of Waste Management by 2,611.5% in the first quarter. BlackRock Inc. now owns 30,162,320 shares of the business services provider’s stock worth $2,199,436,000 after buying an additional 29,049,915 shares during the period. State Street Corp boosted its stake in shares of Waste Management by 0.6% in the first quarter. State Street Corp now owns 21,287,562 shares of the business services provider’s stock worth $1,552,295,000 after buying an additional 134,152 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Waste Management by 5.2% in the first quarter. Wells Fargo & Company MN now owns 7,327,831 shares of the business services provider’s stock worth $534,346,000 after buying an additional 362,315 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Waste Management by 10.2% in the first quarter. AQR Capital Management LLC now owns 5,614,368 shares of the business services provider’s stock worth $409,399,000 after buying an additional 518,270 shares during the period. Institutional investors own 75.53% of the company’s stock.

Shares of Waste Management, Inc. (NYSE WM) opened at 76.03 on Thursday. The firm has a 50 day moving average of $74.99 and a 200 day moving average of $73.24. The firm has a market cap of $33.46 billion, a price-to-earnings ratio of 26.04 and a beta of 0.71. Waste Management, Inc. has a 52 week low of $61.08 and a 52 week high of $76.33.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.62 billion. During the same period last year, the company posted $0.74 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts predict that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.

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WM has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Stifel Nicolaus upped their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. Oppenheimer Holdings, Inc. upped their price objective on shares of Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, July 5th. BMO Capital Markets initiated coverage on shares of 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 upped their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company 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 assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $75.51.

In other news, CEO James C. Fish, Jr. sold 3,500 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 151,162 shares in the company, valued at approximately $10,912,384.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Patrick W. Gross sold 487 shares of the firm’s stock in a transaction that occurred 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 sold 4,440 shares of company stock worth $322,728. 0.19% of the stock is currently owned by corporate 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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