Parkwood LLC lowered its stake in Waste Management, Inc. (NYSE:WM) by 53.0% during the second quarter, Holdings Channel reports. The firm owned 4,755 shares of the business services provider’s stock after selling 5,360 shares during the period. Parkwood LLC’s holdings in Waste Management were worth $349,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WM. Vanguard Group Inc. increased its stake in shares of Waste Management by 5.8% in the first quarter. Vanguard Group Inc. now owns 32,753,532 shares of the business services provider’s stock valued at $2,388,388,000 after buying an additional 1,790,546 shares during the period. BlackRock Inc. increased its stake in shares of Waste Management by 2,611.5% in the first quarter. BlackRock Inc. now owns 30,162,320 shares of the business services provider’s stock valued at $2,199,436,000 after buying an additional 29,049,915 shares during the period. State Street Corp increased its stake in shares of Waste Management by 0.6% in the first quarter. State Street Corp now owns 21,287,562 shares of the business services provider’s stock valued at $1,552,295,000 after buying an additional 134,152 shares during the period. Wells Fargo & Company MN increased its stake in shares of Waste Management by 5.2% in the first quarter. Wells Fargo & Company MN now owns 7,327,831 shares of the business services provider’s stock valued at $534,346,000 after buying an additional 362,315 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Waste Management by 10.2% in the first quarter. AQR Capital Management LLC now owns 5,614,368 shares of the business services provider’s stock valued at $409,399,000 after buying an additional 518,270 shares during the period. Institutional investors own 75.59% of the company’s stock.

Waste Management, Inc. (NYSE:WM) traded down 0.27% on Friday, hitting $74.61. The stock had a trading volume of 958,391 shares. The company’s 50 day moving average is $74.49 and its 200 day moving average is $72.86. Waste Management, Inc. has a 12-month low of $61.08 and a 12-month high of $76.00. The firm has a market cap of $32.83 billion, a PE ratio of 25.55 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, hitting 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 quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. On average, equities research 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 research reports. Oppenheimer Holdings, Inc. upped their price target on Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Thursday, June 22nd. BMO Capital Markets initiated coverage on Waste Management in a report on Thursday, June 29th. They set an “outperform” rating and a $81.00 price target on the stock. Stifel Nicolaus upped their price target on Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, July 18th. Finally, Credit Suisse Group upped their price target on Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $75.51.

In related news, Director Patrick W. Gross sold 487 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total value of $36,369.16. Following the transaction, the director now owns 23,222 shares in the company, valued at $1,734,218.96. The transaction was disclosed in a legal filing 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 dated Monday, May 15th. The stock was sold at an average price of $72.25, for a total value of $252,875.00. Following the completion of the transaction, the chief executive officer now owns 154,662 shares in the company, valued at approximately $11,174,329.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,940 shares of company stock worth $575,603. Insiders own 0.19% of the company’s stock.

About Waste Management

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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