Bray Capital Advisors raised its position in Waste Management, Inc. (NYSE:WM) by 24.6% during the second quarter, Holdings Channel reports. The institutional investor owned 4,360 shares of the business services provider’s stock after buying an additional 860 shares during the period. Bray Capital Advisors’ holdings in Waste Management were worth $363,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WM. Bank of Nova Scotia raised 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 in the last quarter. Global X Management Co. LLC raised 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 in the last quarter. World Asset Management Inc raised 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 in the last quarter. Willingdon Wealth Management raised 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 in the last quarter. Finally, Berkshire Asset Management LLC PA raised 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 in the last quarter. 75.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Waste Management, Inc. (NYSE:WM) traded down 0.166% during mid-day trading on Thursday, hitting $75.105. The stock had a trading volume of 641,288 shares. The company has a 50 day moving average price of $74.41 and a 200 day moving average price of $72.81. Waste Management, Inc. has a 12-month low of $61.08 and a 12-month high of $76.00. The firm has a market cap of $33.05 billion, a P/E ratio of 25.721 and a beta of 0.71.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.62 billion. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $0.74 EPS. Equities analysts forecast that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.

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A number of analysts have commented on WM shares. Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Oppenheimer Holdings, Inc. boosted their target price on Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 5th. Finally, KeyCorp boosted their target price on Waste Management from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Waste Management has a consensus rating of “Hold” and an average price target of $75.24.

In other news, CEO James C. Fish, Jr. sold 3,500 shares of the firm’s 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 completion of 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 filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Pope sold 453 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $74.38, for a total value of $33,694.14. Following the sale, the director now directly owns 51,470 shares of the company’s stock, valued at $3,828,338.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,940 shares of company stock valued at $575,603. Corporate insiders own 0.19% of the company’s stock.

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.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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