Beta Wealth Group Inc. Buys 4,975 Shares of Waste Management, Inc. (NYSE:WM)

Beta Wealth Group Inc. increased its holdings in Waste Management, Inc. (NYSE:WM) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,742 shares of the business services provider’s stock after buying an additional 4,975 shares during the period. Waste Management accounts for 1.9% of Beta Wealth Group Inc.’s holdings, making the stock its 17th largest position. Beta Wealth Group Inc.’s holdings in Waste Management were worth $4,185,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of WM. Swedbank AB grew its holdings in shares of Waste Management by 67.2% during the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after purchasing an additional 709,678 shares during the last quarter. Stratos Wealth Advisors LLC grew its position in Waste Management by 32.2% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,781 shares of the business services provider’s stock valued at $370,000 after purchasing an additional 434 shares during the period. Blue Trust Inc. increased its holdings in Waste Management by 57.4% during the 3rd quarter. Blue Trust Inc. now owns 5,567 shares of the business services provider’s stock worth $1,188,000 after purchasing an additional 2,031 shares in the last quarter. Cyndeo Wealth Partners LLC grew its holdings 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 worth $533,000 after buying an additional 185 shares in the last quarter. Finally, OLD National Bancorp IN lifted its position in shares of 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.

Insider Activity at Waste Management

In other Waste Management news, CAO John A. Carroll sold 209 shares of the stock in a transaction 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. This represents a 2.25 % decrease in their position. The sale 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 dated Friday, February 7th. The shares were 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 owns 18,531 shares in the company, valued at $4,185,967.59. The trade was a 17.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,055 shares of company stock worth $3,578,340. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Up 0.1 %

WM stock 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 cap of $91.43 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 2.70 and a beta of 0.78. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $230.39. 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 earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (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, analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WM shares. BMO Capital Markets raised their price target on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. William Blair restated an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. CIBC upped their target price on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. UBS Group boosted their price objective 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. Finally, Morgan Stanley raised their price objective on Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $235.94.

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.