AGF Investments America Inc. raised its position in Waste Management, Inc. (NYSE:WM) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 70,685 shares of the business services provider’s stock after buying an additional 1,640 shares during the quarter. Waste Management accounts for 2.1% of AGF Investments America Inc.’s holdings, making the stock its 19th biggest position. AGF Investments America Inc.’s holdings in Waste Management were worth $5,750,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. HL Financial Services LLC increased its stake in shares of Waste Management by 29.3% in the first quarter. HL Financial Services LLC now owns 4,765 shares of the business services provider’s stock valued at $401,000 after buying an additional 1,081 shares during the period. FDx Advisors Inc. increased its stake in shares of Waste Management by 164.8% in the first quarter. FDx Advisors Inc. now owns 10,101 shares of the business services provider’s stock valued at $850,000 after buying an additional 6,287 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Waste Management in the first quarter valued at about $3,163,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in shares of Waste Management by 359.7% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 89,128 shares of the business services provider’s stock valued at $7,382,000 after buying an additional 69,740 shares during the period. Finally, Johanson Financial Advisors Inc. increased its stake in shares of Waste Management by 16.2% in the first quarter. Johanson Financial Advisors Inc. now owns 4,748 shares of the business services provider’s stock valued at $400,000 after buying an additional 663 shares during the period. 74.69% of the stock is currently owned by institutional investors.

In related news, Director Patrick W. Gross sold 406 shares of the company’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $83.22, for a total transaction of $33,787.32. Following the sale, the director now owns 24,149 shares in the company, valued at approximately $2,009,679.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by corporate insiders.

Shares of Waste Management stock opened at $90.44 on Wednesday. Waste Management, Inc. has a one year low of $75.71 and a one year high of $91.64. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.72 and a current ratio of 0.75. The stock has a market cap of $38.88 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 1.87 and a beta of 0.73.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, July 25th. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.99 by $0.02. Waste Management had a return on equity of 27.38% and a net margin of 14.94%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities research analysts expect that Waste Management, Inc. will post 4.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be given a dividend of $0.465 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.86 annualized dividend and a dividend yield of 2.06%. Waste Management’s payout ratio is 57.76%.

WM has been the subject of several recent research reports. Zacks Investment Research cut Waste Management from a “hold” rating to a “sell” rating in a research note on Saturday, June 30th. BMO Capital Markets reissued a “buy” rating and issued a $93.00 price target on shares of Waste Management in a research note on Thursday, July 26th. Finally, ValuEngine raised Waste Management from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Waste Management currently has an average rating of “Buy” and a consensus target price of $91.22.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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

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