Bruderman Asset Management LLC acquired a new stake in shares of Waste Management, Inc. (NYSE:WM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,500 shares of the business services provider’s stock, valued at approximately $110,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bahl & Gaynor Inc. lifted its holdings in Waste Management by 3.6% during the 2nd quarter. Bahl & Gaynor Inc. now owns 9,620 shares of the business services provider’s stock valued at $682,000 after buying an additional 332 shares in the last quarter. KCM Investment Advisors LLC lifted its holdings in Waste Management by 1.8% during the 2nd quarter. KCM Investment Advisors LLC now owns 207,771 shares of the business services provider’s stock valued at $15,240,000 after buying an additional 3,602 shares in the last quarter. Comerica Securities Inc. lifted its holdings in Waste Management by 2.4% during the 2nd quarter. Comerica Securities Inc. now owns 9,690 shares of the business services provider’s stock valued at $711,000 after buying an additional 229 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in Waste Management by 0.3% during the 2nd quarter. King Luther Capital Management Corp now owns 320,932 shares of the business services provider’s stock valued at $23,540,000 after buying an additional 825 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in Waste Management by 23.2% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 5,974 shares of the business services provider’s stock valued at $438,000 after buying an additional 1,125 shares in the last quarter. Institutional investors own 74.99% of the company’s stock.

Waste Management, Inc. (NYSE WM) traded up 0.21% on Friday, reaching $78.00. 2,335,827 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $76.10 and a 200-day moving average of $73.85. The stock has a market cap of $34.32 billion, a price-to-earnings ratio of 26.71 and a beta of 0.71. Waste Management, Inc. has a one year low of $61.08 and a one year high of $78.39.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.81. The business 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%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 earnings per share. Equities research analysts forecast that Waste Management, Inc. will post $3.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.70 annualized dividend and a dividend yield of 2.18%. Waste Management’s dividend payout ratio is presently 58.42%.

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A number of equities research analysts recently weighed in on WM shares. 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. lifted their price objective on shares of Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, July 5th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $82.00 price objective on shares of Waste Management in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $76.19.

In other news, Director John C. Pope sold 453 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $74.38, for a total transaction of $33,694.14. Following the sale, the director now owns 51,470 shares of the company’s stock, valued at $3,828,338.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick W. Gross sold 487 shares of the stock in a transaction dated Tuesday, July 18th. The stock was 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 in the company, valued at approximately $1,734,218.96. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Waste Management 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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