IHT Wealth Management LLC grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 19.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,314 shares of the business services provider’s stock after buying an additional 369 shares during the quarter. IHT Wealth Management LLC’s holdings in Waste Management were worth $835,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Gyroscope Capital Management Group LLC grew its stake in shares of Waste Management by 1.8% during the second quarter. Gyroscope Capital Management Group LLC now owns 3,913 shares of the business services provider’s stock valued at $287,000 after buying an additional 70 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of Waste Management by 1.4% during the second quarter. Moors & Cabot Inc. now owns 24,186 shares of the business services provider’s stock valued at $1,777,000 after buying an additional 328 shares during the last quarter. Caxton Associates LP bought a new position in shares of Waste Management during the second quarter valued at about $726,000. Cubist Systematic Strategies LLC grew its stake in shares of Waste Management by 27.4% during the second quarter. Cubist Systematic Strategies LLC now owns 19,394 shares of the business services provider’s stock valued at $1,423,000 after buying an additional 4,167 shares during the last quarter. Finally, Green Square Capital LLC grew its stake in shares of Waste Management by 16.1% during the second quarter. Green Square Capital LLC now owns 7,347 shares of the business services provider’s stock valued at $539,000 after buying an additional 1,019 shares during the last quarter. 74.93% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have recently issued reports on WM shares. Zacks Investment Research cut Waste Management from a “hold” rating to a “sell” rating in a research note on Thursday. Oppenheimer Holdings, Inc. raised their price objective on Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, July 5th. BMO Capital Markets started coverage on Waste Management in a research note on Thursday, June 29th. They set an “outperform” rating and a $81.00 price objective on the stock. Bank of America Corporation reduced their price objective on Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus raised their price objective on Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $76.74.

Waste Management, Inc. (NYSE:WM) traded down 0.51% during mid-day trading on Friday, hitting $76.28. The company had a trading volume of 2,530,645 shares. The stock has a 50 day moving average price of $77.28 and a 200-day moving average price of $74.38. Waste Management, Inc. has a 1-year low of $61.08 and a 1-year high of $79.28. The stock has a market capitalization of $33.57 billion, a PE ratio of 26.12 and a beta of 0.74.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were issued a dividend of $0.425 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.70 annualized dividend and a yield of 2.23%. Waste Management’s payout ratio is 58.42%.

In related news, Director John C. Pope sold 453 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $74.38, for a total transaction of $33,694.14. Following the transaction, the director now directly owns 51,470 shares in the company, valued at approximately $3,828,338.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick W. Gross sold 487 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total transaction of $36,369.16. Following the transaction, 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. Corporate insiders own 0.19% of the company’s stock.

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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