Sheaff Brock Investment Advisors LLC Sells 162 Shares of Waste Management, Inc. (NYSE:WM)

Sheaff Brock Investment Advisors LLC reduced its position in Waste Management, Inc. (NYSE:WM) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,526 shares of the business services provider’s stock after selling 162 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Waste Management were worth $1,317,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Aberdeen Wealth Management LLC increased its position in Waste Management by 1.1% during the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock worth $857,000 after purchasing an additional 45 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its stake in shares of 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 buying an additional 46 shares during the period. Catalyst Financial Partners LLC increased its holdings in shares of Waste Management by 2.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock worth $411,000 after buying an additional 48 shares during the last quarter. Benchmark Financial Wealth Advisors LLC lifted its holdings in Waste Management by 1.9% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock valued at $546,000 after acquiring an additional 49 shares during the last quarter. Finally, Balboa Wealth Partners grew its position in Waste Management by 4.1% in the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock worth $256,000 after acquiring an additional 49 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Scotiabank increased their target price on shares of Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. StockNews.com downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Raymond James lifted their target price on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Argus upped their price target on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Nine investment 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 MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $235.94.

Insider Buying and Selling

In other Waste Management news, CAO John A. Carroll sold 209 shares of the business’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 value of $46,094.95. Following the completion of the sale, the chief accounting officer now owns 9,066 shares in the company, valued at approximately $1,999,506.30. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Rafael Carrasco sold 4,000 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $225.89, for a total transaction of $903,560.00. Following the completion of the sale, the senior vice president now owns 18,531 shares of the company’s stock, valued at approximately $4,185,967.59. This trade represents a 17.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,055 shares of company stock worth $3,578,340 over the last 90 days. 0.18% of the stock is owned by insiders.

Waste Management Trading Up 0.1 %

NYSE WM opened at $227.80 on Friday. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $230.39. The firm has a 50 day moving average of $212.11 and a two-hundred day moving average of $212.15. The stock has a market capitalization of $91.43 billion, a PE ratio of 33.50, a price-to-earnings-growth 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 posted its earnings results 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%. As a group, research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

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.