Edmond DE Rothschild Holding S.A. lessened its position in shares of Waste Management, Inc. (NYSE:WM) by 10.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,000 shares of the business services provider’s stock after selling 3,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Waste Management were worth $1,980,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position 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 in the last quarter. BlackRock Inc. raised its position in shares of Waste Management by 4.9% in the second quarter. BlackRock Inc. now owns 31,637,903 shares of the business services provider’s stock valued at $2,320,637,000 after buying an additional 1,475,583 shares in the last quarter. State Street Corp raised its position 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 in the last quarter. AQR Capital Management LLC raised its position 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 in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Waste Management by 95.0% in the first quarter. Renaissance Technologies LLC now owns 3,857,300 shares of the business services provider’s stock valued at $281,274,000 after buying an additional 1,879,300 shares in the last quarter. Institutional investors own 74.99% of the company’s stock.

Shares of Waste Management, Inc. (NYSE WM) opened at 78.00 on Friday. The firm’s 50 day moving average is $76.10 and its 200-day moving average is $73.85. The company has a market cap of $34.32 billion, a PE ratio of 26.71 and a beta of 0.71. Waste Management, Inc. has a 1-year low of $61.08 and a 1-year high of $78.39.

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

The business also recently disclosed 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. This represents a $1.70 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, September 7th. Waste Management’s dividend payout ratio (DPR) is currently 58.42%.

In other news, 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 sale, the director now owns 51,470 shares in the company, valued at approximately $3,828,338.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $36,369.16. Following the sale, the director now owns 23,222 shares in the company, valued at approximately $1,734,218.96. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

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A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $82.00 price target on shares of Waste Management in a research report on Friday, September 8th. Zacks Investment Research downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Stifel Nicolaus lifted their price target 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. Oppenheimer Holdings, Inc. lifted their price target on shares of Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, July 5th. Finally, Credit Suisse Group lifted their price target on shares of Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $76.19.

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.

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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