3,183 Shares in Waste Management, Inc. (NYSE:WM) Acquired by Asset Planning Inc

Asset Planning Inc acquired a new stake in shares of Waste Management, Inc. (NYSE:WM) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,183 shares of the business services provider’s stock, valued at approximately $642,000.

Several other institutional investors and hedge funds have also bought and sold shares of WM. Activest Wealth Management increased its holdings in Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after acquiring an additional 120 shares in the last quarter. Global Wealth Strategies & Associates grew its holdings in shares of Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares in the last quarter. General Partner Inc. purchased a new stake in shares of Waste Management in the fourth quarter valued at about $29,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Waste Management in the fourth quarter valued at about $35,000. Finally, Richardson Financial Services Inc. grew its holdings in shares of Waste Management by 65.7% in the fourth quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 69 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Price Performance

Shares of NYSE WM opened at $227.58 on Friday. Waste Management, Inc. has a 1-year low of $195.97 and a 1-year high of $230.39. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a fifty day moving average price of $211.93 and a 200 day moving average price of $211.85. The company has a market cap of $91.34 billion, a PE ratio of 33.47, a P/E/G ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Wall Street Analyst Weigh In

WM has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Scotiabank upped their target price on shares of Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. Oppenheimer increased their price target on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Citigroup upped their target price on shares of Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group cut their target price on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $234.50.

Insider Transactions at Waste Management

In related news, EVP Charles C. Boettcher sold 693 shares of Waste Management stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.59, for a total transaction of $152,868.87. Following the completion of the sale, the executive vice president now owns 45,542 shares in the company, valued at approximately $10,046,109.78. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Rafael Carrasco sold 4,000 shares of Waste Management stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $225.89, for a total value of $903,560.00. Following the sale, the senior vice president now owns 18,531 shares of the company’s stock, valued at approximately $4,185,967.59. This represents a 17.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,055 shares of company stock valued at $3,578,340 in the last 90 days. 0.18% of the stock is currently owned by insiders.

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.