Harwood Advisory Group LLC decreased its position in Waste Management, Inc. (NYSE:WM) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,487 shares of the business services provider’s stock after selling 1,595 shares during the period. Harwood Advisory Group LLC’s holdings in Waste Management were worth $1,869,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp raised its stake in Waste Management by 4.2% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 278,733 shares of the business services provider’s stock worth $20,325,000 after buying an additional 11,138 shares in the last quarter. Bank of Nova Scotia raised its stake in Waste Management by 23.4% in the first quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock worth $30,005,000 after buying an additional 78,100 shares in the last quarter. Global X Management Co. LLC raised its stake in Waste Management by 28.6% in the first quarter. Global X Management Co. LLC now owns 5,037 shares of the business services provider’s stock worth $367,000 after buying an additional 1,121 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Waste Management by 4.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,299 shares of the business services provider’s stock worth $1,013,000 after buying an additional 670 shares in the last quarter. Finally, World Asset Management Inc raised its stake in Waste Management by 17.2% in the first quarter. World Asset Management Inc now owns 45,871 shares of the business services provider’s stock worth $3,345,000 after buying an additional 6,748 shares in the last quarter. Institutional investors own 75.59% of the company’s stock.
Waste Management, Inc. (WM) traded down 0.27% during trading on Friday, reaching $74.61. 958,391 shares of the company were exchanged. The company’s 50-day moving average price is $74.49 and its 200-day moving average price is $72.86. The stock has a market capitalization of $32.83 billion, a P/E ratio of 25.55 and a beta of 0.71. Waste Management, Inc. has a 1-year low of $61.08 and a 1-year high of $76.00.
Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts forecast that Waste Management, Inc. will post $3.19 EPS for the current year.
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WM has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Waste Management from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Oppenheimer Holdings, Inc. increased their target price on shares of Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, July 5th. Finally, KeyCorp increased their target price on shares of Waste Management from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $75.51.
In related news, Director John C. Pope sold 453 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $74.38, for a total transaction of $33,694.14. Following the completion of the transaction, the director now owns 51,470 shares in the company, valued at approximately $3,828,338.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James C. Fish, Jr. sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $72.19, for a total transaction of $252,665.00. Following the transaction, the chief executive officer now owns 151,162 shares of the company’s stock, valued at approximately $10,912,384.78. The disclosure for this sale can be found here. Insiders sold a total of 7,940 shares of company stock valued at $575,603 in the last ninety days. 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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