Pathway Financial Advisers LLC Has $2.77 Million Position in Waste Management, Inc. (NYSE:WM)

Pathway Financial Advisers LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,714 shares of the business services provider’s stock after purchasing an additional 216 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Waste Management were worth $2,767,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Inspire Investing LLC grew its position in shares of Waste Management by 10.9% in the 3rd quarter. Inspire Investing LLC now owns 1,370 shares of the business services provider’s stock valued at $284,000 after acquiring an additional 135 shares during the period. Exchange Traded Concepts LLC boosted its position in Waste Management by 14.1% during the third quarter. Exchange Traded Concepts LLC now owns 5,003 shares of the business services provider’s stock worth $1,039,000 after purchasing an additional 619 shares during the period. Wesbanco Bank Inc. lifted its stake in shares of Waste Management by 3.6% during the 3rd quarter. Wesbanco Bank Inc. now owns 4,781 shares of the business services provider’s stock worth $993,000 after buying an additional 168 shares during the last quarter. NBC Securities Inc. raised its holdings in Waste Management by 3.1% in the 3rd quarter. NBC Securities Inc. now owns 4,086 shares of the business services provider’s stock valued at $848,000 after acquiring an additional 122 shares during the period. Finally, Swedbank AB grew its position 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 valued at $366,537,000 after purchasing an additional 709,678 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on WM. Raymond James increased their price objective on Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. UBS Group raised their target price on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Argus increased their price target on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada lifted their price objective on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Finally, Truist Financial increased their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.50.

Insider Buying and Selling

In other news, SVP Johnson Varkey sold 560 shares of the firm’s stock in a transaction dated 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 directly owns 9,152 shares in the company, valued at $2,014,446.72. This trade represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Rafael Carrasco sold 4,000 shares of Waste Management stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $225.89, for a total value of $903,560.00. Following the completion of the transaction, the senior vice president now directly owns 18,531 shares in the company, 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. Insiders have sold a total of 16,055 shares of company stock worth $3,578,340 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Waste Management Price Performance

WM stock opened at $227.42 on Thursday. The company has a 50 day simple moving average of $211.93 and a 200 day simple moving average of $211.85. The stock has a market cap of $91.28 billion, a price-to-earnings ratio of 33.44, a P/E/G ratio of 2.70 and a beta of 0.78. Waste Management, Inc. has a 1 year low of $194.20 and a 1 year high of $230.39. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85.

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%. Research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

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.