Waste Management, Inc. (NYSE:WM) Shares Acquired by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 2,350 shares of the business services provider’s stock after buying an additional 50 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Waste Management were worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Bank Pictet & Cie Europe AG lifted its position in shares of Waste Management by 14.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 124,848 shares of the business services provider’s stock valued at $25,193,000 after buying an additional 15,974 shares in the last quarter. Blue Trust Inc. lifted its position in Waste Management by 1.9% during the fourth quarter. Blue Trust Inc. now owns 5,675 shares of the business services provider’s stock worth $1,145,000 after buying an additional 108 shares in the last quarter. Roman Butler Fullerton & Co. boosted its position in shares of Waste Management by 15.7% during the 4th quarter. Roman Butler Fullerton & Co. now owns 2,661 shares of the business services provider’s stock valued at $569,000 after acquiring an additional 362 shares during the last quarter. Asset Planning Inc purchased a new stake in shares of Waste Management in the 4th quarter valued at approximately $642,000. Finally, Banque Pictet & Cie SA grew its position in Waste Management by 0.6% in the fourth quarter. Banque Pictet & Cie SA now owns 1,869,190 shares of the business services provider’s stock worth $377,184,000 after acquiring an additional 11,940 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

In related news, SVP Tara J. Hemmer sold 4,576 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,016,421.12. Following the transaction, the senior vice president now owns 58,765 shares in the company, valued at approximately $13,052,881.80. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Rafael Carrasco sold 4,000 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,055 shares of company stock valued at $3,578,340. Company insiders own 0.18% of the company’s stock.

Waste Management Trading Up 0.1 %

Shares of Waste Management stock opened at $227.80 on Friday. The business’s fifty day moving average is $212.00 and its two-hundred day moving average is $211.96. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week 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 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 announced its quarterly earnings data 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 return on equity of 38.88% and a net margin of 12.45%. Analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Truist Financial lifted their target price 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. Argus raised their target price on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 31st. UBS Group increased their target price on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. CIBC raised their price objective 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, Royal Bank of Canada boosted their target price on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $234.50.

Waste Management 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.