Insight Advisors LLC PA Sells 299 Shares of Waste Management, Inc. (NYSE:WM)

Insight Advisors LLC PA cut its position in shares of Waste Management, Inc. (NYSE:WM) by 20.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,148 shares of the business services provider’s stock after selling 299 shares during the quarter. Insight Advisors LLC PA’s holdings in Waste Management were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC grew its holdings in Waste Management by 0.8% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock worth $56,135,000 after purchasing an additional 2,127 shares during the period. Nordea Investment Management AB grew its stake in shares of Waste Management by 7.1% in the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after buying an additional 280,455 shares during the period. J.W. Cole Advisors Inc. increased its position in Waste Management by 77.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after buying an additional 5,367 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Waste Management by 6.2% in the third quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock worth $99,759,000 after acquiring an additional 28,266 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Waste Management by 32.3% in the fourth quarter. Blue Trust Inc. now owns 7,365 shares of the business services provider’s stock valued at $1,529,000 after acquiring an additional 1,798 shares during the period. Institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. CIBC increased their target price on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. UBS Group lifted their price objective on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. William Blair restated an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Raymond James boosted their price objective on Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Jefferies Financial Group dropped their target price on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Ten 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 company’s stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.50.

Insider Buying and Selling

In other Waste Management news, SVP Tara J. Hemmer sold 4,576 shares of Waste Management stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the completion of the sale, the senior vice president now owns 58,765 shares of the company’s stock, valued at $13,052,881.80. The trade was a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Johnson Varkey sold 560 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.11, for a total value of $123,261.60. Following the completion of the sale, the senior vice president now owns 9,152 shares of the company’s stock, valued at $2,014,446.72. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,055 shares of company stock worth $2,674,780 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Up 0.0 %

WM stock opened at $224.77 on Friday. Waste Management, Inc. has a fifty-two week low of $187.48 and a fifty-two week high of $230.39. The stock has a fifty day moving average of $211.98 and a 200-day moving average of $211.34. The company has a market capitalization of $90.22 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.57 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 (NYSE:WM) last announced its quarterly 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%. As a group, equities research analysts predict that Waste Management, Inc. will post 7.92 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.33%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is 44.12%.

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.