Meridian Wealth Management LLC decreased its stake in Waste Management, Inc. (NYSE:WM) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 7,320 shares of the business services provider’s stock after selling 65 shares during the period. Meridian Wealth Management LLC’s holdings in Waste Management were worth $537,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Hartford Investment Management Co. boosted its stake in Waste Management by 0.6% in the second quarter. Hartford Investment Management Co. now owns 141,455 shares of the business services provider’s stock valued at $10,376,000 after buying an additional 796 shares during the period. Personal Capital Advisors Corp boosted its stake in Waste Management by 49.4% in the second quarter. Personal Capital Advisors Corp now owns 131,752 shares of the business services provider’s stock valued at $9,664,000 after buying an additional 43,547 shares during the period. Boston Advisors LLC boosted its stake in Waste Management by 0.6% in the second quarter. Boston Advisors LLC now owns 49,776 shares of the business services provider’s stock valued at $3,651,000 after buying an additional 318 shares during the period. ING Groep NV boosted its stake in Waste Management by 139.8% in the second quarter. ING Groep NV now owns 29,274 shares of the business services provider’s stock valued at $2,147,000 after buying an additional 17,067 shares during the period. Finally, Bray Capital Advisors boosted its stake in Waste Management by 24.6% in the second quarter. Bray Capital Advisors now owns 4,360 shares of the business services provider’s stock valued at $363,000 after buying an additional 860 shares during the period. Institutional investors own 75.59% of the company’s stock.

Waste Management, Inc. (NYSE:WM) traded down 0.27% during midday trading on Friday, reaching $74.61. 958,391 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $74.49 and a 200 day moving average price of $72.86. The company has a market cap of $32.83 billion, a price-to-earnings ratio of 25.55 and a beta of 0.71. Waste Management, Inc. has a 12-month low of $61.08 and a 12-month high of $76.00.

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, hitting the Zacks’ consensus estimate of $0.81. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $0.74 EPS. On average, analysts expect that Waste Management, Inc. will post $3.19 EPS for the current fiscal year.

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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. 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 research report on Tuesday, July 18th. 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 research report on Wednesday, July 5th. BMO Capital Markets assumed coverage on shares of Waste Management in a research report on Thursday, June 29th. They set an “outperform” rating and a $81.00 price objective for the company. 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 research report on Wednesday, June 28th. One 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 company has an average rating of “Hold” and a consensus price target of $75.51.

In other news, CEO James C. Fish, Jr. sold 3,500 shares of the company’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 sale, the chief executive officer now directly owns 151,162 shares of the company’s stock, valued at approximately $10,912,384.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Pope sold 453 shares of the company’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 completion of the sale, the director now directly owns 51,470 shares in the company, valued at $3,828,338.60. The disclosure for this sale can be found here. Insiders sold a total of 7,940 shares of company stock worth $575,603 over the last ninety days. Insiders own 0.19% of the company’s stock.

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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