Moody Lynn & Lieberson LLC decreased its stake in Waste Management, Inc. (NYSE:WM) by 31.6% during the second quarter, Holdings Channel reports. The institutional investor owned 142,956 shares of the business services provider’s stock after selling 66,105 shares during the period. Waste Management accounts for approximately 1.4% of Moody Lynn & Lieberson LLC’s investment portfolio, making the stock its 28th largest position. Moody Lynn & Lieberson LLC’s holdings in Waste Management were worth $10,486,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank of Nova Scotia boosted its stake in 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 valued at $30,005,000 after buying an additional 78,100 shares in the last quarter. Global X Management Co. LLC boosted its stake in 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 valued at $367,000 after buying an additional 1,121 shares in the last quarter. World Asset Management Inc boosted its stake in 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 valued at $3,345,000 after buying an additional 6,748 shares in the last quarter. Willingdon Wealth Management boosted its stake in Waste Management by 12.2% in the first quarter. Willingdon Wealth Management now owns 18,294 shares of the business services provider’s stock valued at $1,334,000 after buying an additional 1,995 shares in the last quarter. Finally, Berkshire Asset Management LLC PA boosted its stake in 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 valued at $21,365,000 after buying an additional 10,054 shares in the last quarter. 75.59% of the stock is owned by institutional investors and hedge funds.

Waste Management, Inc. (NYSE:WM) opened at 74.61 on Friday. Waste Management, Inc. has a 12-month low of $61.08 and a 12-month high of $76.00. The stock has a 50 day moving average of $74.49 and a 200-day moving average of $72.86. The company has a market cap of $32.83 billion, a PE ratio of 25.55 and a beta of 0.71.

Waste Management (NYSE:WM) last issued 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. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS. On average, equities research analysts anticipate that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.

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A number of research analysts have recently commented on WM shares. Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Oppenheimer Holdings, Inc. increased their target price 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. Finally, KeyCorp increased their target price on shares of Waste Management from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $75.51.

In other Waste Management news, Director John C. Pope sold 453 shares of the business’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 value of $33,694.14. Following the completion of the sale, the director now owns 51,470 shares in the company, valued at $3,828,338.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick W. Gross sold 487 shares of the business’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 value 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 disclosure for this sale can be found here. Insiders sold a total of 7,940 shares of company stock valued at $575,603 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

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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