Auxier Asset Management cut its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,980 shares of the business services provider’s stock after selling 50 shares during the period. Auxier Asset Management’s holdings in Waste Management were worth $365,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WM. Bank of Nova Scotia grew its position in Waste Management by 23.4% in the 1st quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock valued at $30,005,000 after buying an additional 78,100 shares during the last quarter. Intersect Capital LLC grew its position in Waste Management by 33.1% in the 2nd quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock valued at $1,774,000 after buying an additional 6,009 shares during the last quarter. Aviva PLC grew its position in Waste Management by 1.0% in the 2nd quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock valued at $20,328,000 after buying an additional 2,710 shares during the last quarter. AXA grew its position in Waste Management by 15.0% in the 2nd quarter. AXA now owns 450,490 shares of the business services provider’s stock valued at $33,044,000 after buying an additional 58,630 shares during the last quarter. Finally, Global X Management Co. LLC grew its position in Waste Management by 28.6% in the 1st quarter. Global X Management Co. LLC now owns 5,037 shares of the business services provider’s stock valued at $367,000 after buying an additional 1,121 shares during the last quarter. Institutional investors and hedge funds own 74.93% of the company’s stock.

WM has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Waste Management from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. 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 research report on Wednesday, July 5th. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 price objective on shares of Waste Management in a research report on Friday. Bank of America Corporation lowered their price objective on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Finally, Stifel Nicolaus lifted 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Waste Management presently has a consensus rating of “Hold” and a consensus target price of $78.74.

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Waste Management, Inc. (WM) traded up 0.13% during midday trading on Friday, reaching $77.02. The company’s stock had a trading volume of 2,086,835 shares. The company’s 50-day moving average price is $77.49 and its 200-day moving average price is $74.56. Waste Management, Inc. has a 1-year low of $61.59 and a 1-year high of $79.28. The company has a market capitalization of $33.89 billion, a price-to-earnings ratio of 26.38 and a beta of 0.74.

Waste Management (NYSE:WM) last released 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. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the prior year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts predict that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a $0.425 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.70 annualized dividend and a dividend yield of 2.21%. Waste Management’s payout ratio is 58.42%.

In other news, Director Patrick W. Gross sold 487 shares of the stock in a transaction on Tuesday, July 18th. The stock was 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 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 SEC, which is available at the SEC website. Also, Director John C. Pope sold 453 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $74.38, for a total value 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 approximately $3,828,338.60. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Waste Management Company 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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