Personal Capital Advisors Corp boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 49.4% during the second quarter, Holdings Channel reports. The fund owned 131,752 shares of the business services provider’s stock after buying an additional 43,547 shares during the period. Personal Capital Advisors Corp’s holdings in Waste Management were worth $9,664,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Bank of Nova Scotia boosted its stake in shares of 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 valued at $30,005,000 after buying an additional 78,100 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of 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 valued at $367,000 after buying an additional 1,121 shares during the last quarter. World Asset Management Inc boosted its stake in shares of 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 valued at $3,345,000 after buying an additional 6,748 shares during the last quarter. Willingdon Wealth Management boosted its stake in shares of Waste Management by 12.2% in the first quarter. Willingdon Wealth Management now owns 18,294 shares of the business services provider’s stock valued at $1,334,000 after buying an additional 1,995 shares during the last quarter. Finally, Berkshire Asset Management LLC PA boosted its stake in shares of Waste Management by 3.6% in the first quarter. Berkshire Asset Management LLC PA now owns 292,998 shares of the business services provider’s stock valued at $21,365,000 after buying an additional 10,054 shares during the last quarter. 75.59% of the stock is owned by institutional investors and hedge funds.

Waste Management, Inc. (WM) traded up 0.24% during midday trading on Friday, hitting $74.99. 452,941 shares of the stock traded hands. The firm’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. The company has a market cap of $33.00 billion, a price-to-earnings ratio of 25.68 and a beta of 0.71.

Waste Management (NYSE:WM) last released its quarterly 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. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.62 billion. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 earnings per share. Analysts predict that Waste Management, Inc. will post $3.19 EPS for the current year.

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Several equities research analysts have weighed in on WM shares. Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Oppenheimer Holdings, Inc. raised their target price on shares of Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 5th. Finally, KeyCorp raised their target price on shares of Waste Management from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Waste Management has an average rating of “Hold” and a consensus target price of $75.51.

In other Waste Management news, CEO James C. Fish, Jr. sold 3,500 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $72.25, for a total transaction of $252,875.00. Following the completion of the sale, the chief executive officer now directly owns 154,662 shares of the company’s stock, valued at $11,174,329.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Patrick W. Gross sold 487 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total transaction of $36,369.16. Following the sale, the director now directly owns 23,222 shares of the company’s stock, valued at $1,734,218.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,940 shares of company stock valued at $575,603. 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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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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