Bfsg LLC Sells 943 Shares of Waste Management, Inc. (NYSE:WM)

Bfsg LLC decreased its holdings in Waste Management, Inc. (NYSE:WM) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,776 shares of the business services provider’s stock after selling 943 shares during the period. Bfsg LLC’s holdings in Waste Management were worth $3,385,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB grew its holdings in shares of Waste Management by 67.2% in the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after acquiring an additional 709,678 shares during the period. Stratos Wealth Advisors LLC grew its holdings in shares of Waste Management by 32.2% in the third quarter. Stratos Wealth Advisors LLC now owns 1,781 shares of the business services provider’s stock worth $370,000 after acquiring an additional 434 shares during the period. Blue Trust Inc. grew its holdings in shares of Waste Management by 57.4% in the third quarter. Blue Trust Inc. now owns 5,567 shares of the business services provider’s stock worth $1,188,000 after acquiring an additional 2,031 shares during the period. Cyndeo Wealth Partners LLC lifted its position in Waste Management by 7.8% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,567 shares of the business services provider’s stock valued at $533,000 after purchasing an additional 185 shares in the last quarter. Finally, OLD National Bancorp IN lifted its position in Waste Management by 14.0% during the third quarter. OLD National Bancorp IN now owns 7,071 shares of the business services provider’s stock valued at $1,468,000 after purchasing an additional 868 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WM shares. JPMorgan Chase & Co. lifted their target price on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. UBS Group lifted their target price on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their target price on Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Argus lifted their target price on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Scotiabank lifted their target price on 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’s stock. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.94.

Waste Management Price Performance

Shares of WM opened at $227.80 on Tuesday. The business’s 50-day moving average is $212.11 and its two-hundred day moving average is $212.29. 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. 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, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $230.39.

Waste Management (NYSE:WM) last posted 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%. Research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Insider Activity at Waste Management

In other Waste Management news, VP Donald J. Smith sold 191 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.22, for a total value of $42,062.02. Following the transaction, the vice president now directly owns 6,129 shares of the company’s stock, valued at $1,349,728.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO John A. Carroll sold 209 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 9,066 shares in the company, valued at $1,999,506.30. This trade represents a 2.25 % 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 valued at $3,578,340. 0.18% of the stock is owned by corporate 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.