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

Pathway Financial Advisers LLC boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,714 shares of the business services provider’s stock after buying an additional 216 shares during the period. Pathway Financial Advisers LLC’s holdings in Waste Management were worth $2,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in shares of Waste Management by 94,414.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after buying an additional 2,588,842 shares during the last quarter. Swedbank AB lifted its stake in 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 acquiring an additional 709,678 shares during the last quarter. Parnassus Investments LLC raised its holdings in shares of Waste Management by 11.3% during the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock valued at $1,063,072,000 after purchasing an additional 520,096 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Waste Management by 32.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock valued at $374,062,000 after buying an additional 437,613 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Waste Management by 138.0% in the third quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock worth $149,168,000 after buying an additional 416,579 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Up 0.3 %

Shares of NYSE WM opened at $227.42 on Thursday. The business has a fifty day moving average of $211.93 and a two-hundred day moving average of $211.85. 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, Inc. has a 52-week low of $194.20 and a 52-week high of $230.39. The stock has a market cap of $91.28 billion, a PE ratio of 33.44, a PEG ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last issued 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%. As a group, equities research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Waste Management

In other news, CFO Devina A. Rankin sold 5,826 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,294,071.12. Following the transaction, the chief financial officer now owns 69,442 shares of the company’s stock, valued at approximately $15,424,457.04. This trade represents a 7.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO John A. Carroll sold 209 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.55, for a total transaction of $46,094.95. Following the completion of the transaction, the chief accounting officer now owns 9,066 shares in the company, valued at $1,999,506.30. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WM has been the topic of a number of analyst reports. Jefferies Financial Group lowered their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Truist Financial boosted their target price on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Scotiabank raised their price target on Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, CIBC raised their target price on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus 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.