WESPAC Advisors SoCal LLC cut its position in Waste Management, Inc. (NYSE:WM) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,919 shares of the business services provider’s stock after selling 1,024 shares during the quarter. Waste Management makes up about 3.2% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 10th biggest position. WESPAC Advisors SoCal LLC’s holdings in Waste Management were worth $4,981,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wealthfront Inc. grew its position in Waste Management by 11.7% in the 2nd quarter. Wealthfront Inc. now owns 11,614 shares of the business services provider’s stock worth $852,000 after purchasing an additional 1,215 shares during the last quarter. California Public Employees Retirement System grew its position in Waste Management by 1.1% in the 2nd quarter. California Public Employees Retirement System now owns 1,380,522 shares of the business services provider’s stock worth $101,261,000 after purchasing an additional 14,800 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. grew its position in Waste Management by 1.6% in the 2nd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 70,797 shares of the business services provider’s stock worth $5,193,000 after purchasing an additional 1,086 shares during the last quarter. MML Investors Services LLC grew its position in Waste Management by 67.1% in the 2nd quarter. MML Investors Services LLC now owns 73,392 shares of the business services provider’s stock worth $5,383,000 after purchasing an additional 29,462 shares during the last quarter. Finally, TIAA FSB acquired a new stake in Waste Management in the 2nd quarter worth $880,000. Institutional investors and hedge funds own 74.93% of the company’s stock.

In related news, Director Patrick W. Gross sold 487 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total value of $36,369.16. Following the transaction, the director now directly owns 23,222 shares in the company, valued at $1,734,218.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Pope sold 453 shares of the company’s 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 completion of the transaction, the director now owns 51,470 shares in the company, valued at $3,828,338.60. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Shares of Waste Management, Inc. (WM) traded up 0.22% during mid-day trading on Friday, hitting $78.45. 176,981 shares of the stock traded hands. Waste Management, Inc. has a one year low of $61.08 and a one year high of $78.55. The company’s 50 day moving average is $76.29 and its 200 day moving average is $73.93. The firm has a market capitalization of $34.52 billion, a P/E ratio of 26.87 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, meeting the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the prior year, the company posted $0.74 earnings per share. Waste Management’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts expect 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. Investors of record on Friday, September 8th will be paid a $0.425 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.70 annualized dividend and a dividend yield of 2.17%. Waste Management’s dividend payout ratio (DPR) is presently 58.42%.

Several research firms have issued reports on WM. BMO Capital Markets restated 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 lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Stifel Nicolaus raised their price target on shares of Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Oppenheimer Holdings, Inc. raised their price target 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 raised their price target 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, four have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $76.19.

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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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