Farmers & Merchants Trust Co of Chambersburg PA held its stake in Waste Management, Inc. (NYSE:WM) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,970 shares of the business services provider’s stock at the end of the second quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Waste Management were worth $365,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of WM. Guardian Life Insurance Co. of America raised 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 raised 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 raised 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. raised 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, Archford Capital Strategies LLC raised its position in shares of Waste Management by 0.3% in the first quarter. Archford Capital Strategies LLC now owns 16,304 shares of the business services provider’s stock valued at $1,184,000 after buying an additional 45 shares in the last quarter. 75.59% of the stock is owned by institutional investors and hedge funds.

Waste Management, Inc. (WM) traded up 0.37% during midday trading on Friday, reaching $75.09. 336,633 shares of the company’s stock were exchanged. The firm has a market capitalization of $33.04 billion, a P/E ratio of 25.72 and a beta of 0.71. The stock’s 50 day moving average is $74.45 and its 200 day moving average is $72.82. Waste Management, Inc. has a 52 week low of $61.08 and a 52 week 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, meeting analysts’ consensus estimates of $0.81. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. Waste Management’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 earnings per share. On average, analysts expect that Waste Management, Inc. will post $3.19 EPS for the current fiscal year.

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WM has been the topic of several recent 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. upped their price objective 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 upped their price objective 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $75.51.

In other Waste Management news, Director John C. Pope sold 453 shares of Waste Management 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 transaction, the director now directly owns 51,470 shares of the company’s stock, valued at $3,828,338.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO James C. Fish, Jr. sold 3,500 shares of Waste Management stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $72.25, for a total transaction of $252,875.00. Following the transaction, the chief executive officer now directly owns 154,662 shares in the company, valued at $11,174,329.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,940 shares of company stock worth $575,603. 0.19% of the stock is currently owned by corporate 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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