Adell Harriman & Carpenter Inc. Buys 50 Shares of Waste Management, Inc. (NYSE:WM)

Adell Harriman & Carpenter Inc. raised its position in Waste Management, Inc. (NYSE:WM) by 2.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,350 shares of the business services provider’s stock after acquiring an additional 50 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Waste Management were worth $474,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC lifted its position 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 worth $538,013,000 after buying an additional 2,588,842 shares in the last quarter. Swedbank AB increased its holdings 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 worth $366,537,000 after acquiring an additional 709,678 shares during the last quarter. Parnassus Investments LLC boosted its holdings in Waste Management by 11.3% in the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after buying an additional 520,096 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of 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 worth $374,062,000 after acquiring an additional 437,613 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Waste Management by 138.0% in the 3rd quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock worth $149,168,000 after purchasing an additional 416,579 shares during the period. Institutional investors own 80.40% of the company’s stock.

Insider Activity

In related news, CAO John A. Carroll sold 209 shares of Waste Management 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 transaction, the chief accounting officer now directly owns 9,066 shares of the company’s stock, valued at $1,999,506.30. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Johnson Varkey sold 560 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.11, for a total value of $123,261.60. Following the sale, the senior vice president now owns 9,152 shares of the company’s stock, valued at approximately $2,014,446.72. This represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,055 shares of company stock worth $3,578,340. Company insiders own 0.18% of the company’s stock.

Waste Management Price Performance

Shares of WM stock opened at $227.80 on Friday. The company’s 50-day simple moving average is $212.00 and its two-hundred day simple moving average is $211.96. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a one year low of $196.59 and a one year high of $230.39. The company has a market capitalization of $91.43 billion, a P/E ratio of 33.50, a P/E/G ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 EPS 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 analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on WM. Morgan Stanley boosted their target price on Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Scotiabank upped their price target on shares of Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. Citigroup raised 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. Jefferies Financial Group lowered their price target on Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, CIBC raised their target price on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price 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.