C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $1.35 Million in Waste Management, Inc. (NYSE:WM)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Waste Management, Inc. (NYSE:WM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,324 shares of the business services provider's stock, valued at approximately $1,345,000.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management increased its holdings in Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider's stock worth $26,000 after acquiring an additional 120 shares in the last quarter. Global Wealth Strategies & Associates boosted its holdings in Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider's stock worth $28,000 after buying an additional 125 shares during the last quarter. General Partner Inc. purchased a new stake in Waste Management during the 4th quarter worth approximately $29,000. Sugar Maple Asset Management LLC purchased a new position in shares of Waste Management in the fourth quarter valued at approximately $35,000. Finally, Pineridge Advisors LLC acquired a new stake in shares of Waste Management in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 80.40% of the company's stock.

Insider Activity

In other news, CAO John A. Carroll sold 209 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the completion of the transaction, the chief accounting officer now owns 9,066 shares in the company, valued at approximately $1,999,506.30. This represents a 2.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Charles C. Boettcher sold 693 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.59, for a total transaction of $152,868.87. Following the completion of the sale, the executive vice president now directly owns 45,542 shares of the company's stock, valued at approximately $10,046,109.78. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is currently owned by company insiders.

Waste Management Trading Up 0.1 %

Shares of WM stock traded up $0.20 during trading hours on Friday, hitting $227.80. The company had a trading volume of 1,206,378 shares, compared to its average volume of 1,747,501. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a market capitalization of $91.43 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.70 and a beta of 0.78. The company's fifty day moving average is $212.11 and its 200 day moving average is $212.22. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $230.39.

Waste Management (NYSE:WM - Get Free Report) last posted 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 net margin of 12.45% and a return on equity of 38.88%. Research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Morgan Stanley raised their price objective on Waste Management from $227.00 to $235.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. UBS Group raised their price target on shares of Waste Management from $220.00 to $226.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Waste Management from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. William Blair restated an "outperform" rating on shares of Waste Management in a report on Friday, January 31st. Finally, Royal Bank of Canada increased their price target on Waste Management from $204.00 to $220.00 and gave the company a "sector perform" 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $235.94.

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.