Trinity Legacy Partners LLC raised its holdings in Waste Management, Inc. (NYSE:WM) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,800 shares of the business services provider’s stock after acquiring an additional 1,909 shares during the period. Waste Management comprises 3.1% of Trinity Legacy Partners LLC’s holdings, making the stock its 7th biggest holding. Trinity Legacy Partners LLC’s holdings in Waste Management were worth $4,500,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WM. Nordea Investment Management AB boosted its stake in shares of Waste Management by 22.9% during the first quarter. Nordea Investment Management AB now owns 2,936,324 shares of the business services provider’s stock valued at $305,112,000 after purchasing an additional 547,291 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Waste Management by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 5,208,586 shares of the business services provider’s stock valued at $462,699,000 after purchasing an additional 326,408 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Waste Management by 12,605.8% during the second quarter. Thoroughbred Financial Services LLC now owns 298,204 shares of the business services provider’s stock valued at $29,820,000 after purchasing an additional 295,857 shares in the last quarter. APG Asset Management N.V. boosted its stake in shares of Waste Management by 10.2% during the second quarter. APG Asset Management N.V. now owns 3,187,237 shares of the business services provider’s stock valued at $322,894,000 after purchasing an additional 294,177 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Waste Management by 43.1% during the first quarter. Lazard Asset Management LLC now owns 853,443 shares of the business services provider’s stock valued at $88,681,000 after purchasing an additional 257,207 shares in the last quarter. Hedge funds and other institutional investors own 73.31% of the company’s stock.

In related news, CEO James C. Fish, Jr. sold 84,314 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $116.51, for a total transaction of $9,823,424.14. Following the completion of the sale, the chief executive officer now owns 282,921 shares in the company, valued at $32,963,125.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick W. Gross sold 289 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $118.61, for a total value of $34,278.29. Following the sale, the director now owns 53,378 shares of the company’s stock, valued at approximately $6,331,164.58. The disclosure for this sale can be found here. Insiders have sold 97,361 shares of company stock valued at $11,374,563 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on WM shares. Raymond James set a $127.00 price target on Waste Management and gave the company a “buy” rating in a research note on Friday, July 26th. Macquarie reissued an “outperform” rating and set a $130.00 price target on shares of Waste Management in a research note on Wednesday, September 4th. CIBC reissued a “market perform” rating on shares of Waste Management in a research note on Thursday, July 18th. Royal Bank of Canada set a $126.00 price target on Waste Management and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Oppenheimer reissued a “market perform” rating on shares of Waste Management in a research note on Thursday, July 18th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $115.25.

WM stock traded up $0.85 during mid-day trading on Thursday, reaching $113.07. The company’s stock had a trading volume of 1,695,702 shares, compared to its average volume of 1,731,420. The company has a market cap of $48.23 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 3.18 and a beta of 0.61. Waste Management, Inc. has a 12 month low of $83.22 and a 12 month high of $121.77. The business’s 50 day moving average price is $117.85 and its 200 day moving average price is $110.50. The company has a current ratio of 1.70, a quick ratio of 1.66 and a debt-to-equity ratio of 1.95.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.04. Waste Management had a return on equity of 29.15% and a net margin of 11.49%. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the company posted $1.01 earnings per share. Waste Management’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Waste Management, Inc. will post 4.33 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.512 per share. The ex-dividend date is Thursday, September 5th. This represents a $2.05 annualized dividend and a yield of 1.81%. Waste Management’s dividend payout ratio (DPR) is currently 48.81%.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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

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