Alpha Cubed Investments LLC bought a new position in Waste Management, Inc. (NYSE:WM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,728 shares of the business services provider’s stock, valued at approximately $200,000.

A number of other institutional investors have also recently modified their holdings of WM. Bank of Nova Scotia boosted its position in shares of Waste Management by 23.4% in the first quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock worth $30,005,000 after buying an additional 78,100 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Waste Management by 28.6% in the first quarter. Global X Management Co. LLC now owns 5,037 shares of the business services provider’s stock worth $367,000 after buying an additional 1,121 shares during the last quarter. World Asset Management Inc boosted its position in shares of Waste Management by 17.2% in the first quarter. World Asset Management Inc now owns 45,871 shares of the business services provider’s stock worth $3,345,000 after buying an additional 6,748 shares during the last quarter. Willingdon Wealth Management boosted its position in shares of Waste Management by 12.2% in the first quarter. Willingdon Wealth Management now owns 18,294 shares of the business services provider’s stock worth $1,334,000 after buying an additional 1,995 shares during the last quarter. Finally, Berkshire Asset Management LLC PA boosted its position in shares of Waste Management by 3.6% in the first quarter. Berkshire Asset Management LLC PA now owns 292,998 shares of the business services provider’s stock worth $21,365,000 after buying an additional 10,054 shares during the last quarter. 75.53% of the stock is owned by institutional investors and hedge funds.

Shares of Waste Management, Inc. (WM) opened at 75.55 on Tuesday. Waste Management, Inc. has a 1-year low of $61.08 and a 1-year high of $76.00. The firm has a market cap of $33.24 billion, a PE ratio of 25.87 and a beta of 0.71. The company’s 50-day moving average price is $74.55 and its 200 day moving average price is $72.95.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $3.62 billion. During the same quarter in the previous year, the company posted $0.74 EPS. Waste Management’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts predict that Waste Management, Inc. will post $3.19 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “2,728 Shares in Waste Management, Inc. (WM) Acquired by Alpha Cubed Investments LLC” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/2728-shares-in-waste-management-inc-wm-acquired-by-alpha-cubed-investments-llc/1488632.html.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Waste Management from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Oppenheimer Holdings, Inc. increased their price target on Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, July 5th. Finally, KeyCorp increased their price target 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, five have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $75.51.

In related news, Director John C. Pope sold 453 shares of the business’s stock in a transaction dated 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 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 the SEC website. Also, CEO James C. Fish, Jr. sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were 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 approximately $10,912,384.78. The disclosure for this sale can be found here. In the last three months, insiders sold 4,440 shares of company stock valued at $322,728. 0.19% of the stock is currently owned by corporate insiders.

About Waste Management

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.

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM).

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.