Valeo Financial Advisors LLC Sells 125 Shares of Waste Management, Inc. (NYSE:WM)

Valeo Financial Advisors LLC lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,320 shares of the business services provider’s stock after selling 125 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Waste Management were worth $1,881,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC raised its stake in shares of Waste Management by 10.9% in the third quarter. Inspire Investing LLC now owns 1,370 shares of the business services provider’s stock worth $284,000 after acquiring an additional 135 shares during the last quarter. Swedbank AB boosted its position in Waste Management by 67.2% in the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock valued at $366,537,000 after buying an additional 709,678 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Waste Management by 9.7% during the third quarter. Cornerstone Wealth Management LLC now owns 3,444 shares of the business services provider’s stock worth $715,000 after acquiring an additional 305 shares during the last quarter. Good Life Advisors LLC lifted its stake in shares of Waste Management by 5.6% during the third quarter. Good Life Advisors LLC now owns 3,425 shares of the business services provider’s stock valued at $711,000 after acquiring an additional 182 shares during the period. Finally, Secure Asset Management LLC acquired a new stake in Waste Management in the third quarter worth about $371,000. 80.40% of the stock is owned by institutional investors.

Waste Management Trading Up 0.1 %

Shares of NYSE:WM opened at $227.80 on Friday. The stock has a market cap of $91.43 billion, a PE ratio of 33.50, a P/E/G 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, Inc. has a 12-month low of $196.59 and a 12-month high of $230.39. The business has a 50 day moving average of $212.11 and a 200-day moving average of $212.15.

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 forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Insider Transactions at Waste Management

In other Waste Management news, SVP Rafael Carrasco sold 4,000 shares of Waste Management stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $225.89, for a total value of $903,560.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Charles C. Boettcher sold 693 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.59, for a total transaction of $152,868.87. Following the completion of the transaction, the executive vice president now directly owns 45,542 shares of the company’s stock, valued at $10,046,109.78. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,055 shares of company stock valued at $3,578,340. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on WM shares. Citigroup lifted their target price on shares of Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Morgan Stanley upped their price target 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. Oppenheimer boosted their price objective on shares of Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. StockNews.com cut shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, UBS Group increased their price target on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average price target of $235.94.

About Waste Management

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.