Woodley Farra Manion Portfolio Management Inc. grew its position in Waste Management, Inc. (NYSE:WM) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,797 shares of the business services provider’s stock after purchasing an additional 1,086 shares during the quarter. Waste Management comprises approximately 0.7% of Woodley Farra Manion Portfolio Management Inc.’s investment portfolio, making the stock its 28th biggest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in Waste Management were worth $5,193,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia grew its holdings in 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 worth $30,005,000 after purchasing an additional 78,100 shares during the last quarter. Intersect Capital LLC grew its holdings in Waste Management by 33.1% in the second quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock worth $1,774,000 after purchasing an additional 6,009 shares during the last quarter. Global X Management Co. LLC grew its holdings in 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 worth $367,000 after purchasing an additional 1,121 shares during the last quarter. Aviva PLC grew its holdings in Waste Management by 1.0% in the second quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock worth $20,328,000 after purchasing an additional 2,710 shares during the last quarter. Finally, World Asset Management Inc grew its holdings in 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 worth $3,345,000 after purchasing an additional 6,748 shares during the last quarter. 74.93% of the stock is currently owned by institutional investors and hedge funds.

WM has been the topic of several analyst reports. 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 target on shares of Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, July 5th. BMO Capital Markets reaffirmed a “buy” rating and issued a $82.00 price target on shares of Waste Management in a report on Friday, September 8th. Finally, Credit Suisse Group lifted their price target on shares of Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. 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 stock. Waste Management currently has an average rating of “Hold” and an average price target of $76.19.

In related news, Director John C. Pope sold 453 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $74.38, for a total value of $33,694.14. Following the transaction, the director now directly owns 51,470 shares of the company’s stock, valued at approximately $3,828,338.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick W. Gross sold 487 shares of the 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 completion of the transaction, the director now directly owns 23,222 shares in the company, valued at $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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Shares of Waste Management, Inc. (NYSE WM) traded up 0.01% during midday trading on Thursday, hitting $78.40. 804,015 shares of the stock were exchanged. The company has a market cap of $34.50 billion, a PE ratio of 26.85 and a beta of 0.71. The stock has a 50 day moving average price of $76.29 and a 200-day moving average price of $73.93. Waste Management, Inc. has a 12 month low of $61.08 and a 12 month high of $78.56.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, September 7th. Waste Management’s dividend payout ratio (DPR) is 58.42%.

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.

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

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