J.W. Cole Advisors Inc. Acquires 166 Shares of Waste Management, Inc. (NYSE:WM)

J.W. Cole Advisors Inc. increased its position in shares of Waste Management, Inc. (NYSE:WM) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,464 shares of the business services provider’s stock after acquiring an additional 166 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Waste Management were worth $2,515,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management boosted its stake in Waste Management by 4,000.0% during 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 during the last quarter. Global Wealth Strategies & Associates lifted its stake in Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. General Partner Inc. bought a new position in Waste Management in the fourth quarter valued at approximately $29,000. Sugar Maple Asset Management LLC bought a new position in Waste Management in the fourth quarter valued at approximately $35,000. Finally, Richardson Financial Services Inc. lifted its stake in 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 buying an additional 69 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WM. Citigroup lifted their price objective on shares of Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Truist Financial lifted their price objective on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. StockNews.com downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. CIBC boosted their target price on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Scotiabank boosted their target price on shares of Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $235.94.

Insiders Place Their Bets

In other Waste Management news, SVP Tara J. Hemmer sold 4,576 shares of Waste Management stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the transaction, the senior vice president now directly owns 58,765 shares of the company’s stock, valued at $13,052,881.80. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Rafael Carrasco sold 4,000 shares of Waste Management stock in a transaction on Friday, February 7th. The stock was sold at an average price of $225.89, for a total transaction of $903,560.00. Following the transaction, the senior vice president now directly owns 18,531 shares in the company, valued at $4,185,967.59. This represents a 17.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,055 shares of company stock worth $3,578,340. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

Waste Management stock opened at $227.80 on Monday. The business has a 50 day moving average of $212.11 and a 200-day moving average of $212.22. Waste Management, Inc. has a 1 year low of $196.59 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 company has a market capitalization of $91.43 billion, a P/E ratio of 33.50, 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 earnings per share 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%. On average, equities research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

About Waste Management

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.