Accretive Wealth Partners LLC Reduces Stake in Waste Management, Inc. (NYSE:WM)

Accretive Wealth Partners LLC lowered its stake in Waste Management, Inc. (NYSE:WM) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 9,470 shares of the business services provider’s stock after selling 83 shares during the period. Accretive Wealth Partners LLC’s holdings in Waste Management were worth $1,911,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WM. Aberdeen Wealth Management LLC grew its position in Waste Management by 1.1% in the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock worth $857,000 after purchasing an additional 45 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in Waste Management by 3.9% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock worth $257,000 after purchasing an additional 46 shares during the last quarter. Catalyst Financial Partners LLC grew its position in Waste Management by 2.4% in the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock worth $411,000 after purchasing an additional 48 shares during the last quarter. Benchmark Financial Wealth Advisors LLC boosted its holdings in shares of Waste Management by 1.9% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock valued at $546,000 after acquiring an additional 49 shares in the last quarter. Finally, Balboa Wealth Partners boosted its holdings in shares of Waste Management by 4.1% in the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.1 %

WM stock opened at $227.80 on Friday. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $230.39. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The company has a market cap of $91.43 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 2.70 and a beta of 0.78. The company has a 50 day moving average of $212.00 and a two-hundred day moving average of $211.96.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. On average, equities analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WM. William Blair reiterated an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Morgan Stanley increased their price objective on shares of Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Stifel Nicolaus increased their price objective on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada increased their price objective on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $234.50.

Insiders Place Their Bets

In other news, SVP Rafael Carrasco sold 4,000 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $225.89, for a total transaction of $903,560.00. Following the transaction, the senior vice president now owns 18,531 shares in the company, valued at approximately $4,185,967.59. This trade represents a 17.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tara J. Hemmer sold 4,576 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,016,421.12. Following the transaction, the senior vice president now directly owns 58,765 shares in the company, valued at approximately $13,052,881.80. This represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,055 shares of company stock worth $3,578,340 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Company 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.