Gamco Investors INC. ET AL reduced its position in Waste Management, Inc. (NYSE:WM) by 5.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,060,540 shares of the business services provider’s stock after selling 65,925 shares during the period. Gamco Investors INC. ET AL owned 0.24% of Waste Management worth $77,791,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of WM. Shine Investment Advisory Services Inc. bought a new position in shares of Waste Management during the second quarter valued at $101,000. Northwest Investment Counselors LLC bought a new position in shares of Waste Management during the second quarter valued at $103,000. Guardian Life Insurance Co. of America boosted its position in shares of Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock valued at $114,000 after buying an additional 14 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Waste Management by 25.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the business services provider’s stock valued at $124,000 after buying an additional 340 shares during the period. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of Waste Management during the first quarter valued at $127,000. Institutional investors own 75.53% of the company’s stock.

Shares of Waste Management, Inc. (NYSE:WM) opened at 75.89 on Friday. The stock’s 50 day moving average price is $75.11 and its 200 day moving average price is $73.30. The stock has a market capitalization of $33.39 billion, a price-to-earnings ratio of 25.99 and a beta of 0.71. Waste Management, Inc. has a 12 month low of $61.08 and a 12 month high of $76.33.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share 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 firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the previous year, the business earned $0.74 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that Waste Management, Inc. will post $3.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.70 annualized dividend and a yield of 2.24%. Waste Management’s dividend payout ratio (DPR) is 58.42%.

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Several equities analysts have weighed in on the company. BMO Capital Markets assumed coverage on Waste Management in a research note on Thursday, June 29th. They set an “outperform” rating and a $81.00 price objective on the stock. Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Thursday, June 22nd. Stifel Nicolaus raised their price objective on Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, July 18th. Credit Suisse Group raised their price objective on Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, June 28th. Finally, KeyCorp raised their price objective on Waste Management from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $76.10.

In related news, Director John C. Pope sold 453 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $74.38, for a total transaction of $33,694.14. Following the transaction, the director now directly owns 51,470 shares in the company, valued at approximately $3,828,338.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO James C. Fish, Jr. sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $72.19, for a total value of $252,665.00. Following the transaction, the chief executive officer now owns 151,162 shares in the company, valued at $10,912,384.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,440 shares of company stock worth $322,728. 0.19% of the stock is owned by company insiders.

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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