Waste Management, Inc. (WM) Shares Sold by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX reduced its stake in Waste Management, Inc. (NYSE:WM) by 13.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,039 shares of the business services provider’s stock after selling 11,792 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Waste Management were worth $5,724,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WM. Vanguard Group Inc. raised its position in Waste Management by 5.8% in the first quarter. Vanguard Group Inc. now owns 32,753,532 shares of the business services provider’s stock valued at $2,388,388,000 after buying an additional 1,790,546 shares during the period. BlackRock Inc. raised its position in Waste Management by 2,611.5% in the first quarter. BlackRock Inc. now owns 30,162,320 shares of the business services provider’s stock valued at $2,199,436,000 after buying an additional 29,049,915 shares during the period. State Street Corp raised its position in Waste Management by 0.6% in the first quarter. State Street Corp now owns 21,287,562 shares of the business services provider’s stock valued at $1,552,295,000 after buying an additional 134,152 shares during the period. Wells Fargo & Company MN raised its position in Waste Management by 5.2% in the first quarter. Wells Fargo & Company MN now owns 7,327,831 shares of the business services provider’s stock valued at $534,346,000 after buying an additional 362,315 shares during the period. Finally, AQR Capital Management LLC raised its position in Waste Management by 10.2% in the first quarter. AQR Capital Management LLC now owns 5,614,368 shares of the business services provider’s stock valued at $409,399,000 after buying an additional 518,270 shares during the period. 75.59% of the stock is owned by institutional investors.

Waste Management, Inc. (NYSE WM) traded up 0.139% on Tuesday, reaching $75.495. 279,252 shares of the company’s stock were exchanged. The firm has a market capitalization of $33.22 billion, a price-to-earnings ratio of 25.854 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. The firm has a 50-day moving average of $74.14 and a 200-day moving average of $72.60.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the prior year, the company posted $0.74 EPS. The business’s revenue was up 7.4% on a year-over-year basis. On average, equities analysts expect that Waste Management, Inc. will post $3.19 earnings per share for the current year.

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Several research analysts have recently commented on WM shares. Oppenheimer Holdings, Inc. lifted their price target on shares of Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, July 5th. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, June 22nd. BMO Capital Markets started coverage on shares of Waste Management in a report on Thursday, June 29th. They issued an “outperform” rating and a $81.00 price target for the company. Stifel Nicolaus lifted their price target on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Credit Suisse Group lifted their price target on shares of Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $75.24.

In related news, CEO James C. Fish, Jr. sold 3,500 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $72.25, for a total transaction of $252,875.00. Following the completion of the sale, the chief executive officer now owns 154,662 shares in the company, valued at approximately $11,174,329.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick W. Gross sold 487 shares of the stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total transaction of $36,369.16. Following 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 have sold a total of 7,940 shares of company stock valued at $575,603 in the last quarter. 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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