Stratos Wealth Partners LTD. boosted its stake in Waste Management, Inc. (NYSE:WM) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 15,416 shares of the business services provider’s stock after buying an additional 257 shares during the period. Stratos Wealth Partners LTD.’s holdings in Waste Management were worth $1,131,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in shares of Waste Management during the second quarter worth approximately $103,000. 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 worth $114,000 after buying an additional 14 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Waste Management by 25.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the business services provider’s stock worth $124,000 after buying an additional 340 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Waste Management during the first quarter worth approximately $127,000. Finally, Parallel Advisors LLC increased its position in shares of Waste Management by 38.1% in the first quarter. Parallel Advisors LLC now owns 1,787 shares of the business services provider’s stock worth $130,000 after buying an additional 493 shares during the last quarter. 75.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of Waste Management, Inc. (NYSE:WM) opened at 75.53 on Friday. Waste Management, Inc. has a 52 week low of $61.08 and a 52 week high of $76.33. The stock has a 50 day moving average of $74.75 and a 200-day moving average of $73.03. The firm has a market capitalization of $33.24 billion, a PE ratio of 25.87 and a beta of 0.71.

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

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A number of research analysts recently commented on WM shares. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Friday, April 28th. Stifel Nicolaus boosted their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. KeyCorp boosted 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. Oppenheimer Holdings, Inc. boosted 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, Credit Suisse Group boosted their target price on shares of Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $75.51.

In related news, Director Patrick W. Gross sold 487 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total value of $36,369.16. Following the completion of the transaction, the director now directly owns 23,222 shares of the company’s stock, valued at $1,734,218.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Pope sold 453 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 51,470 shares of the company’s stock, valued at $3,828,338.60. The disclosure for this sale can be found here. Insiders sold 4,440 shares of company stock valued at $322,728 over the last three months. 0.19% of the stock is owned by company insiders.

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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