Teacher Retirement System of Texas decreased its holdings in Waste Management, Inc. (NYSE:WM) by 17.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 585,725 shares of the business services provider’s stock after selling 123,052 shares during the period. Waste Management comprises approximately 0.6% of Teacher Retirement System of Texas’ portfolio, making the stock its 28th largest position. Teacher Retirement System of Texas owned 0.14% of Waste Management worth $67,575,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WM. Joseph P. Lucia & Associates LLC purchased a new position in shares of Waste Management during the first quarter valued at approximately $31,000. Hanson McClain Inc. increased its position in shares of Waste Management by 51.0% in the first quarter. Hanson McClain Inc. now owns 302 shares of the business services provider’s stock worth $31,000 after acquiring an additional 102 shares in the last quarter. Financial Gravity Wealth Inc. increased its position in shares of Waste Management by 133.1% in the second quarter. Financial Gravity Wealth Inc. now owns 282 shares of the business services provider’s stock worth $33,000 after acquiring an additional 161 shares in the last quarter. Personal Wealth Partners acquired a new stake in shares of Waste Management in the second quarter worth $35,000. Finally, Next Capital Management LLC increased its position in shares of Waste Management by 119.6% in the second quarter. Next Capital Management LLC now owns 325 shares of the business services provider’s stock worth $37,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 73.87% of the company’s stock.

WM traded up $0.49 during trading hours on Wednesday, reaching $118.60. 23,679 shares of the stock traded hands, compared to its average volume of 1,811,653. Waste Management, Inc. has a fifty-two week low of $83.22 and a fifty-two week high of $120.58. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.70 and a quick ratio of 1.66. The company has a market cap of $50.53 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 3.22 and a beta of 0.62. The firm’s fifty day simple moving average is $117.52 and its two-hundred day simple moving average is $108.29.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.04. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.94 billion. Waste Management had a net margin of 11.49% and a return on equity of 29.15%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. On average, research analysts predict that Waste Management, Inc. will post 4.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.512 dividend. The ex-dividend date is Thursday, September 5th. This represents a $2.05 annualized dividend and a dividend yield of 1.73%. Waste Management’s dividend payout ratio is currently 48.81%.

WM has been the subject of several recent research reports. Royal Bank of Canada set a $126.00 price objective on shares of Waste Management and gave the stock a “buy” rating in a research report on Friday, July 26th. Oppenheimer reissued a “market perform” rating on shares of Waste Management in a research report on Thursday, July 18th. Raymond James set a $127.00 price objective on shares of Waste Management and gave the stock a “buy” rating in a research report on Friday, July 26th. KeyCorp increased their price objective on shares of Waste Management from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Finally, CIBC reissued a “market perform” rating on shares of Waste Management in a research report on Thursday, July 18th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $113.91.

In other Waste Management news, CEO James C. Fish, Jr. sold 84,314 shares of Waste Management stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $116.51, for a total value of $9,823,424.14. Following the completion of the sale, the chief executive officer now directly owns 282,921 shares in the company, valued at $32,963,125.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick W. Gross sold 289 shares of Waste Management stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $118.61, for a total transaction of $34,278.29. Following the completion of the sale, the director now owns 53,378 shares of the company’s stock, valued at $6,331,164.58. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Waste Management 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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