Cambridge Investment Research Advisors Inc. Has $15.15 Million Position in Waste Management, Inc. (NYSE:WM)

Cambridge Investment Research Advisors Inc. increased its holdings in shares of Waste Management, Inc. (NYSE:WMGet Rating) by 10.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,008 shares of the business services provider’s stock after buying an additional 9,359 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Waste Management were worth $15,146,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. purchased a new position in Waste Management during the first quarter valued at approximately $32,000. GoalVest Advisory LLC raised its stake in shares of Waste Management by 2,030.0% during the 2nd quarter. GoalVest Advisory LLC now owns 213 shares of the business services provider’s stock worth $32,000 after purchasing an additional 203 shares in the last quarter. TFO TDC LLC bought a new stake in shares of Waste Management in the 1st quarter valued at approximately $34,000. James Reed Financial Services Inc. acquired a new position in Waste Management in the fourth quarter worth approximately $37,000. Finally, Riverview Trust Co bought a new position in Waste Management during the first quarter valued at approximately $41,000. 74.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WM has been the topic of several analyst reports. Oppenheimer set a $160.00 price target on shares of Waste Management in a research note on Tuesday, July 19th. Morgan Stanley raised their target price on Waste Management from $160.00 to $165.00 and gave the company an “equal weight” rating in a report on Wednesday, July 20th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Waste Management has a consensus rating of “Hold” and an average target price of $164.86.

Insider Buying and Selling

In other news, Director John C. Pope sold 219 shares of the stock in a transaction on Monday, July 18th. The shares were sold at an average price of $152.19, for a total value of $33,329.61. Following the completion of the transaction, the director now owns 55,439 shares in the company, valued at approximately $8,437,261.41. The sale was disclosed in a filing with the SEC, which is available at this link. In other Waste Management news, Director John C. Pope sold 219 shares of Waste Management stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $152.19, for a total transaction of $33,329.61. Following the sale, the director now directly owns 55,439 shares of the company’s stock, valued at $8,437,261.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John J. Morris sold 22,795 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $169.82, for a total value of $3,871,046.90. Following the completion of the sale, the executive vice president now owns 95,461 shares in the company, valued at $16,211,187.02. The disclosure for this sale can be found here. Insiders sold a total of 54,067 shares of company stock valued at $9,292,271 over the last ninety days. 0.18% of the stock is owned by company insiders.

Waste Management Stock Down 0.5 %

WM stock opened at $168.89 on Thursday. The stock has a market capitalization of $69.81 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 2.52 and a beta of 0.76. The company has a 50-day moving average of $167.26 and a two-hundred day moving average of $159.79. Waste Management, Inc. has a 52-week low of $138.58 and a 52-week high of $175.98. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.07 and a quick ratio of 1.03.

Waste Management (NYSE:WMGet Rating) last released its earnings results on Wednesday, July 27th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.08. Waste Management had a return on equity of 30.69% and a net margin of 11.27%. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.84 billion. During the same quarter last year, the firm posted $1.27 EPS. The company’s revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts anticipate that Waste Management, Inc. will post 5.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.54%. Waste Management’s payout ratio is 50.78%.

Waste Management Profile

(Get Rating)

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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

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