Boston Family Office LLC maintained its stake in shares of Waste Management, Inc. (NYSE:WM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,750 shares of the business services provider’s stock at the end of the second quarter. Boston Family Office LLC’s holdings in Waste Management were worth $1,009,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. Oxbow Advisors LLC raised its stake in shares of Waste Management by 8.8% in the first quarter. Oxbow Advisors LLC now owns 8,623 shares of the business services provider’s stock valued at $629,000 after buying an additional 700 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Waste Management by 26.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 141,062 shares of the business services provider’s stock valued at $10,286,000 after buying an additional 29,600 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Waste Management by 11.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 36,923 shares of the business services provider’s stock valued at $2,692,000 after buying an additional 3,926 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Waste Management by 1.0% in the first quarter. Wetherby Asset Management Inc. now owns 5,595 shares of the business services provider’s stock valued at $408,000 after buying an additional 57 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its stake in shares of Waste Management by 0.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 79,635 shares of the business services provider’s stock valued at $5,807,000 after buying an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 74.98% of the company’s stock.

Waste Management, Inc. (WM) opened at 75.89 on Monday. The firm 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 52 week low of $61.08 and a 52 week high of $76.33. The stock’s 50 day moving average is $75.11 and its 200-day moving average is $73.30.

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, meeting the Zacks’ consensus estimate of $0.81. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts expect that Waste Management, Inc. will post $3.19 EPS for the current 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 issued a $0.425 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.24%. Waste Management’s dividend payout ratio is 58.42%.

COPYRIGHT VIOLATION NOTICE: This report was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://theolympiareport.com/2017/08/28/boston-family-office-llc-has-1009000-position-in-waste-management-inc-wm.html.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. 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 note on Tuesday, July 18th. 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 note on Wednesday, July 5th. Credit Suisse Group lifted their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, June 28th. Finally, BMO Capital Markets started coverage on shares of Waste Management in a research note on Thursday, June 29th. They issued an “outperform” rating and a $81.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $76.10.

In related news, Director Patrick W. Gross sold 487 shares of Waste Management stock in a transaction dated 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 directly 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 Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Pope sold 453 shares of Waste Management stock in a transaction dated Monday, July 17th. The shares were 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 $3,828,338.60. The disclosure for this sale can be found here. Insiders sold 4,440 shares of company stock valued at $322,728 over the last ninety days. 0.19% of the stock is currently 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.

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

Receive News & Ratings for Waste Management Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.