Sanctuary Advisors LLC Trims Stock Position in Waste Management, Inc. (NYSE:WM)

Sanctuary Advisors LLC trimmed its holdings in Waste Management, Inc. (NYSE:WM) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,901 shares of the business services provider’s stock after selling 1,538 shares during the quarter. Sanctuary Advisors LLC’s holdings in Waste Management were worth $17,327,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Aberdeen Wealth Management LLC boosted its holdings in Waste Management by 1.1% in the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after purchasing an additional 45 shares during the period. Signature Estate & Investment Advisors LLC raised its position in Waste Management by 3.9% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 46 shares in the last quarter. Catalyst Financial Partners LLC boosted its stake in shares of Waste Management by 2.4% in the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock valued at $411,000 after buying an additional 48 shares during the period. Benchmark Financial Wealth Advisors LLC grew its position in shares of Waste Management by 1.9% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after buying an additional 49 shares in the last quarter. Finally, Balboa Wealth Partners increased its stake in shares of Waste Management by 4.1% during the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock worth $256,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 0.1 %

NYSE WM opened at $227.80 on Tuesday. Waste Management, Inc. has a one year low of $196.59 and a one year high of $230.39. The firm has a market cap of $91.43 billion, a PE ratio of 33.50, a P/E/G ratio of 2.70 and a beta of 0.78. The firm’s fifty day moving average is $212.11 and its two-hundred day moving average is $212.29. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Insider Transactions at Waste Management

In other news, SVP Tara J. Hemmer sold 4,576 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total value of $1,016,421.12. Following the completion of the transaction, the senior vice president now owns 58,765 shares in the company, valued at $13,052,881.80. This trade represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO John A. Carroll sold 209 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.55, for a total transaction of $46,094.95. Following the completion of the sale, the chief accounting officer now owns 9,066 shares in the company, valued at $1,999,506.30. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,055 shares of company stock worth $3,578,340 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on WM shares. William Blair reiterated an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Argus boosted their target price on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Oppenheimer raised their price target on Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Raymond James upped their price objective on Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, StockNews.com lowered Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. 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, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $235.94.

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.