Fiera Capital Corp increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 35.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,938 shares of the business services provider’s stock after buying an additional 1,028 shares during the period. Fiera Capital Corp’s holdings in Waste Management were worth $289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WM. Shine Investment Advisory Services Inc. acquired a new position in Waste Management during the second quarter valued at approximately $101,000. Northwest Investment Counselors LLC acquired a new position in Waste Management during the second quarter valued at approximately $103,000. Guardian Life Insurance Co. of America grew its holdings in Waste Management by 0.9% during 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 purchasing an additional 14 shares during the period. First Interstate Bank grew its holdings in Waste Management by 2.4% during the second quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 38 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Waste Management by 25.1% during 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 purchasing an additional 340 shares during the period. 74.93% of the stock is owned by institutional investors and hedge funds.

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A number of brokerages recently issued reports on WM. BMO Capital Markets restated a “buy” rating and set a $82.00 price objective on shares of Waste Management in a report on Friday, September 8th. Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Stifel Nicolaus boosted their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Oppenheimer Holdings, Inc. boosted their price objective on shares of Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, July 5th. Finally, Credit Suisse Group boosted their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $76.19.

In other news, Director Patrick W. Gross sold 487 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 23,222 shares of the company’s stock, valued at approximately $1,734,218.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John C. Pope sold 453 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 51,470 shares of the company’s stock, valued at approximately $3,828,338.60. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Waste Management, Inc. (NYSE:WM) opened at 78.28 on Friday. Waste Management, Inc. has a 12-month low of $61.08 and a 12-month high of $78.56. The firm has a market cap of $34.45 billion, a PE ratio of 26.81 and a beta of 0.71. The stock has a 50 day moving average of $76.29 and a 200 day moving average of $73.93.

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, hitting the consensus estimate of $0.81. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.62 billion. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 EPS. On average, equities research analysts anticipate that Waste Management, Inc. will post $3.19 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, September 7th. Waste Management’s dividend payout ratio (DPR) is 58.42%.

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)

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