Pathstone Family Office LLC trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 50.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37 shares of the business services provider’s stock after selling 38 shares during the period. Pathstone Family Office LLC’s holdings in Waste Management were worth $1,541,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WM. Bank of Nova Scotia increased its holdings in shares of Waste Management by 23.4% in the 1st quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock worth $30,005,000 after acquiring an additional 78,100 shares during the period. Intersect Capital LLC increased its holdings in shares of Waste Management by 33.1% in the 2nd quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock worth $1,774,000 after acquiring an additional 6,009 shares during the period. Global X Management Co. LLC increased its holdings in shares of Waste Management by 28.6% in the 1st quarter. Global X Management Co. LLC now owns 5,037 shares of the business services provider’s stock worth $367,000 after acquiring an additional 1,121 shares during the period. Aviva PLC increased its holdings in shares of Waste Management by 1.0% in the 2nd quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock worth $20,328,000 after acquiring an additional 2,710 shares during the period. Finally, World Asset Management Inc increased its holdings in shares of Waste Management by 17.2% in the 1st quarter. World Asset Management Inc now owns 45,871 shares of the business services provider’s stock worth $3,345,000 after acquiring an additional 6,748 shares during the period. 74.93% of the stock is currently owned by institutional investors.

Waste Management, Inc. (NYSE WM) traded up 0.11% during trading on Wednesday, reaching $78.35. 173,514 shares of the company’s stock traded hands. The firm’s 50 day moving average is $76.29 and its 200-day moving average is $73.93. Waste Management, Inc. has a 12 month low of $61.08 and a 12 month high of $78.71. The company has a market capitalization of $34.48 billion, a price-to-earnings ratio of 26.83 and a beta of 0.71.

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. Analysts expect that Waste Management, Inc. will post $3.19 EPS for the current fiscal 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 of this dividend is Thursday, September 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.17%. Waste Management’s dividend payout ratio is 58.42%.

In related news, Director John C. Pope sold 453 shares of Waste Management stock in a transaction dated Monday, July 17th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick W. Gross sold 487 shares of Waste Management stock in a transaction dated Tuesday, July 18th. The shares were 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 disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

WM has been the topic of a number of analyst reports. Oppenheimer Holdings, Inc. increased their price objective on shares of Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, July 5th. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, June 22nd. BMO Capital Markets initiated coverage on shares of Waste Management in a report on Thursday, June 29th. They issued an “outperform” rating and a $81.00 price objective on the stock. Stifel Nicolaus increased their price objective on shares of Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, July 18th. Finally, Credit Suisse Group increased their price objective on shares of Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. One research 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’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $76.19.

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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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