US Bancorp DE Sells 3,169 Shares of Waste Management, Inc. $WM

US Bancorp DE decreased its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 207,418 shares of the business services provider’s stock after selling 3,169 shares during the quarter. US Bancorp DE owned 0.05% of Waste Management worth $45,805,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Gladstone Institutional Advisory LLC lifted its position in shares of Waste Management by 1.3% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 3,853 shares of the business services provider’s stock worth $851,000 after acquiring an additional 49 shares during the period. Clean Yield Group raised its stake in shares of Waste Management by 6.7% in the third quarter. Clean Yield Group now owns 801 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 50 shares in the last quarter. Mendel Money Management lifted its position in Waste Management by 1.8% in the third quarter. Mendel Money Management now owns 2,903 shares of the business services provider’s stock worth $641,000 after purchasing an additional 50 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Waste Management by 1.2% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,419 shares of the business services provider’s stock worth $1,011,000 after buying an additional 51 shares in the last quarter. Finally, Canton Hathaway LLC increased its holdings in Waste Management by 0.5% in the 3rd quarter. Canton Hathaway LLC now owns 9,644 shares of the business services provider’s stock valued at $2,130,000 after buying an additional 51 shares during the period. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

WM has been the subject of a number of analyst reports. Citigroup reduced their price objective on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating for the company in a report on Friday, January 16th. Weiss Ratings upgraded shares of Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Royal Bank Of Canada lifted their price objective on Waste Management from $223.00 to $235.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Scotiabank reissued a “sector perform” rating and issued a $250.00 target price (down from $254.00) on shares of Waste Management in a report on Wednesday, January 21st. Finally, Morgan Stanley decreased their price target on Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $253.55.

Insider Activity at Waste Management

In other news, CEO James C. Fish, Jr. sold 30,390 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $230.36, for a total transaction of $7,000,640.40. Following the sale, the chief executive officer directly owned 225,793 shares of the company’s stock, valued at $52,013,675.48. This represents a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Rafael Carrasco sold 7,352 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $234.50, for a total transaction of $1,724,044.00. Following the completion of the transaction, the senior vice president owned 15,540 shares of the company’s stock, valued at $3,644,130. This trade represents a 32.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 62,746 shares of company stock valued at $14,470,494 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Price Performance

Waste Management stock opened at $233.95 on Friday. The business’s fifty day moving average is $225.09 and its two-hundred day moving average is $219.40. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.85 and a current ratio of 0.89. The firm has a market cap of $94.36 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.41 and a beta of 0.58. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.39 billion. During the same period in the prior year, the firm earned $1.70 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.