Waste Management, Inc. (NYSE:WM) Holdings Cut by Bailard Inc.

Bailard Inc. lowered its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,504 shares of the business services provider's stock after selling 4,911 shares during the period. Bailard Inc.'s holdings in Waste Management were worth $18,242,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WM. Jennison Associates LLC raised its holdings in shares of Waste Management by 63.7% during the fourth quarter. Jennison Associates LLC now owns 3,345 shares of the business services provider's stock valued at $599,000 after buying an additional 1,302 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Waste Management during the fourth quarter valued at approximately $896,000. Alaska Permanent Fund Corp bought a new stake in shares of Waste Management during the fourth quarter valued at approximately $1,282,000. Atria Wealth Solutions Inc. raised its holdings in shares of Waste Management by 3.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 46,048 shares of the business services provider's stock valued at $8,247,000 after buying an additional 1,524 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Waste Management by 8.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,662 shares of the business services provider's stock valued at $1,551,000 after buying an additional 670 shares during the last quarter. Institutional investors own 80.40% of the company's stock.

Insider Buying and Selling

In related news, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the transaction, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the transaction, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael J. Watson sold 1,500 shares of the business's stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the transaction, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Waste Management Stock Down 0.5 %

Shares of WM stock traded down $1.11 on Monday, hitting $208.87. The company's stock had a trading volume of 813,263 shares, compared to its average volume of 1,686,564. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $225.00. The firm's fifty day moving average price is $209.67 and its 200-day moving average price is $208.06. The stock has a market capitalization of $83.82 billion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 2.35 and a beta of 0.74.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. Waste Management's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 EPS. Research analysts anticipate that Waste Management, Inc. will post 7.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WM shares. Oppenheimer lowered their price objective on shares of Waste Management from $229.00 to $224.00 and set an "outperform" rating on the stock in a research note on Friday, July 26th. The Goldman Sachs Group upgraded shares of Waste Management to a "strong-buy" rating in a research note on Friday, July 26th. Erste Group Bank reiterated a "hold" rating on shares of Waste Management in a research note on Friday, June 14th. StockNews.com lowered shares of Waste Management from a "strong-buy" rating to a "buy" rating in a research note on Thursday, July 25th. Finally, BMO Capital Markets lowered their price objective on shares of Waste Management from $215.00 to $213.00 and set a "market perform" rating on the stock in a research note on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Waste Management currently has an average rating of "Moderate Buy" and an average price target of $215.83.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.