Exxonmobil Investment Management Inc. TX reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 13.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,039 shares of the business services provider’s stock after selling 11,792 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Waste Management were worth $5,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of WM. Atria Investments LLC raised its position in shares of Waste Management by 101.2% in the first quarter. Atria Investments LLC now owns 10,380 shares of the business services provider’s stock valued at $757,000 after buying an additional 5,220 shares during the period. Hall Laurie J Trustee raised its position in shares of Waste Management by 0.5% in the first quarter. Hall Laurie J Trustee now owns 18,380 shares of the business services provider’s stock valued at $1,347,000 after buying an additional 100 shares during the period. Honkamp Krueger Financial Services Inc. raised its position in shares of Waste Management by 1.6% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 10,950 shares of the business services provider’s stock valued at $799,000 after buying an additional 172 shares during the period. Banced Corp raised its position in shares of Waste Management by 1.2% in the first quarter. Banced Corp now owns 5,017 shares of the business services provider’s stock valued at $366,000 after buying an additional 58 shares during the period. Finally, TNB Financial acquired a new position in shares of Waste Management during the first quarter valued at about $494,000. 75.59% of the stock is currently owned by institutional investors.

Shares of Waste Management, Inc. (NYSE WM) traded up 0.139% during mid-day trading on Tuesday, hitting $75.495. 279,252 shares of the company were exchanged. Waste Management, Inc. has a 12-month low of $61.08 and a 12-month high of $76.00. The company has a market capitalization of $33.22 billion, a price-to-earnings ratio of 25.854 and a beta of 0.71. The firm has a 50 day moving average of $74.14 and a 200 day moving average of $72.60.

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

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Several research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Stifel Nicolaus raised their target price on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. raised their target price on shares of Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, July 5th. Credit Suisse Group raised their target price on shares of Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, June 28th. Finally, BMO Capital Markets assumed coverage on shares of Waste Management in a research note on Thursday, June 29th. They issued an “outperform” rating and a $81.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $75.24.

In related news, Director John C. Pope sold 453 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $74.38, for a total value of $33,694.14. Following the sale, the director now directly owns 51,470 shares in the company, valued at $3,828,338.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James C. Fish, Jr. sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $72.25, for a total value of $252,875.00. Following the completion of the sale, the chief executive officer now owns 154,662 shares in the company, valued at $11,174,329.50. The disclosure for this sale can be found here. Insiders sold 7,940 shares of company stock worth $575,603 over the last quarter. 0.19% of the stock is currently owned by company insiders.

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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