Ferguson Wellman Capital Management Inc. raised its stake in Waste Management, Inc. (NYSE:WM) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 180,375 shares of the business services provider’s stock after buying an additional 1,995 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Waste Management were worth $13,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WM. 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 in the last quarter. Choate Investment Advisors boosted its position in shares of Waste Management by 0.7% in the first quarter. Choate Investment Advisors now owns 3,224 shares of the business services provider’s stock valued at $235,000 after buying an additional 22 shares in the last quarter. Lakeview Capital Partners LLC boosted its position in shares of Waste Management by 0.8% in the first quarter. Lakeview Capital Partners LLC now owns 3,630 shares of the business services provider’s stock valued at $265,000 after buying an additional 30 shares in the last quarter. American Asset Management Inc. boosted its position in shares of Waste Management by 0.7% in the first quarter. American Asset Management Inc. now owns 5,797 shares of the business services provider’s stock valued at $423,000 after buying an additional 40 shares in the last quarter. Finally, Archford Capital Strategies LLC boosted its position in shares of Waste Management by 0.3% in the first quarter. Archford Capital Strategies LLC now owns 16,304 shares of the business services provider’s stock valued at $1,184,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 75.59% of the company’s stock.

Waste Management, Inc. (NYSE:WM) opened at 74.61 on Friday. Waste Management, Inc. has a 1-year low of $61.08 and a 1-year high of $76.00. The stock has a market cap of $32.83 billion, a PE ratio of 25.55 and a beta of 0.71. The company’s 50 day moving average is $74.49 and its 200-day moving average is $72.86.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. 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 prior year, the firm posted $0.74 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts forecast that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.

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Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Thursday, June 22nd. BMO Capital Markets assumed coverage on shares of Waste Management in a research note on Thursday, June 29th. They set an “outperform” rating and a $81.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, Credit Suisse Group lifted their target price 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $75.51.

In related news, Director Patrick W. Gross sold 487 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total transaction of $36,369.16. Following the sale, the director now directly owns 23,222 shares of the company’s stock, valued at $1,734,218.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James C. Fish, Jr. sold 3,500 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $72.19, for a total transaction of $252,665.00. Following the sale, the chief executive officer now directly owns 151,162 shares in the company, valued at $10,912,384.78. The disclosure for this sale can be found here. Insiders have sold 7,940 shares of company stock worth $575,603 over the last three months. 0.19% of the stock is currently owned by 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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