Valeo Financial Advisors LLC Sells 125 Shares of Waste Management, Inc. (NYSE:WM)

Valeo Financial Advisors LLC trimmed its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,320 shares of the business services provider’s stock after selling 125 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Waste Management were worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in WM. Inspire Investing LLC lifted its holdings in Waste Management by 10.9% in the third quarter. Inspire Investing LLC now owns 1,370 shares of the business services provider’s stock valued at $284,000 after buying an additional 135 shares during the period. Swedbank AB lifted its stake in shares of Waste Management by 67.2% in the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock valued at $366,537,000 after purchasing an additional 709,678 shares during the period. Cornerstone Wealth Management LLC grew its stake in Waste Management by 9.7% during the third quarter. Cornerstone Wealth Management LLC now owns 3,444 shares of the business services provider’s stock worth $715,000 after purchasing an additional 305 shares during the period. Good Life Advisors LLC increased its holdings in Waste Management by 5.6% in the third quarter. Good Life Advisors LLC now owns 3,425 shares of the business services provider’s stock worth $711,000 after purchasing an additional 182 shares in the last quarter. Finally, Secure Asset Management LLC acquired a new position in Waste Management in the third quarter valued at approximately $371,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Donald J. Smith sold 191 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.22, for a total transaction of $42,062.02. Following the sale, the vice president now owns 6,129 shares in the company, valued at approximately $1,349,728.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Johnson Varkey sold 560 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.11, for a total transaction of $123,261.60. Following the completion of the transaction, the senior vice president now owns 9,152 shares of the company’s stock, valued at $2,014,446.72. This trade represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,055 shares of company stock worth $3,578,340 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Up 0.1 %

Shares of NYSE WM opened at $227.80 on Friday. The business has a 50-day simple moving average of $212.11 and a two-hundred day simple moving average of $212.15. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $230.39. The company has a market cap 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. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 EPS 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%. Research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

WM has been the topic of several research analyst reports. StockNews.com lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. William Blair restated an “outperform” rating on shares of Waste Management in a research note on Friday, January 31st. Jefferies Financial Group cut their price target on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. BMO Capital Markets boosted their price objective on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Finally, Scotiabank lifted their price target 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. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $235.94.

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.