Waste Management, Inc. (NYSE:WM) Shares Sold by National Asset Management Inc.

National Asset Management Inc. lowered its stake in Waste Management, Inc. (NYSE:WM) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,712 shares of the business services provider’s stock after selling 45 shares during the period. National Asset Management Inc.’s holdings in Waste Management were worth $490,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WM. Guardian Life Insurance Co. of America increased its position in shares of Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock valued at $114,000 after buying an additional 14 shares in the last quarter. Choate Investment Advisors increased its position in shares of Waste Management by 0.7% in the first quarter. Choate Investment Advisors now owns 3,224 shares of the business services provider’s stock valued at $235,000 after buying an additional 22 shares in the last quarter. Lakeview Capital Partners LLC increased its position in shares of Waste Management by 0.8% in the first quarter. Lakeview Capital Partners LLC now owns 3,630 shares of the business services provider’s stock valued at $265,000 after buying an additional 30 shares in the last quarter. American Asset Management Inc. increased its position in shares of Waste Management by 0.7% in the first quarter. American Asset Management Inc. now owns 5,797 shares of the business services provider’s stock valued at $423,000 after buying an additional 40 shares in the last quarter. Finally, Bangor Savings Bank increased its position in shares of Waste Management by 1.4% in the first quarter. Bangor Savings Bank now owns 3,438 shares of the business services provider’s stock valued at $251,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 75.53% of the company’s stock.

Waste Management, Inc. (NYSE WM) traded down 0.37% on Friday, hitting $75.25. The company’s stock had a trading volume of 1,555,063 shares. The company has a market capitalization of $33.11 billion, a P/E ratio of 25.77 and a beta of 0.71. Waste Management, Inc. has a 1-year low of $61.08 and a 1-year high of $76.33. The company has a 50 day moving average price of $74.81 and a 200-day moving average price of $73.07.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 earnings per share (EPS) 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 firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same period last year, the firm earned $0.74 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts forecast that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Waste Management, Inc. (NYSE:WM) Shares Sold by National Asset Management Inc.” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://www.com-unik.info/2017/08/19/national-asset-management-inc-has-490000-position-in-waste-management-inc-nysewm-updated-updated-updated.html.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BMO Capital Markets assumed coverage on Waste Management in a research report on Thursday, June 29th. They issued an “outperform” rating and a $81.00 target price for the company. Credit Suisse Group upped their target price on Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 28th. Finally, Oppenheimer Holdings, Inc. upped their target price on Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 5th. 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 currently has a consensus rating of “Hold” and a consensus price target of $75.51.

In other news, Director Patrick W. Gross sold 487 shares of Waste Management stock in a transaction 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 transaction, the director now directly owns 23,222 shares of the company’s stock, valued at $1,734,218.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO James C. Fish, Jr. sold 3,500 shares of Waste Management stock in a transaction 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 directly owns 151,162 shares in the company, valued at $10,912,384.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,440 shares of company stock worth $322,728. 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.

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

What are top analysts saying about Waste Management Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Waste Management Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit