Waste Management, Inc. (NYSE:WM) Shares Purchased by Capital Advisors Inc. OK

Capital Advisors Inc. OK grew its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,199 shares of the business services provider's stock after purchasing an additional 4,663 shares during the quarter. Capital Advisors Inc. OK's holdings in Waste Management were worth $32,125,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Certuity LLC increased its holdings in shares of Waste Management by 15.8% during the 4th quarter. Certuity LLC now owns 1,685 shares of the business services provider's stock valued at $340,000 after purchasing an additional 230 shares in the last quarter. Community Financial Services Group LLC increased its holdings in shares of Waste Management by 3.2% during the 4th quarter. Community Financial Services Group LLC now owns 20,990 shares of the business services provider's stock valued at $4,236,000 after purchasing an additional 649 shares in the last quarter. Signet Investment Advisory Group Inc. increased its holdings in shares of Waste Management by 0.5% during the 4th quarter. Signet Investment Advisory Group Inc. now owns 19,723 shares of the business services provider's stock valued at $3,980,000 after purchasing an additional 105 shares in the last quarter. Portfolio Design Labs LLC increased its holdings in shares of Waste Management by 117.3% during the 4th quarter. Portfolio Design Labs LLC now owns 2,279 shares of the business services provider's stock valued at $460,000 after purchasing an additional 1,230 shares in the last quarter. Finally, Community Bank & Trust Waco Texas grew its stake in Waste Management by 5.9% in the 4th quarter. Community Bank & Trust Waco Texas now owns 3,346 shares of the business services provider's stock valued at $675,000 after acquiring an additional 185 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Trading Up 0.1 %

Shares of WM traded up $0.20 during mid-day trading on Friday, reaching $227.80. The stock 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. Waste Management, Inc. has a 52-week low of $196.59 and a 52-week high of $230.39. The business's fifty day moving average is $212.11 and its 200 day moving average is $212.15. The firm has a market cap of $91.43 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM - Get Free Report) last announced its earnings results 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%. On average, sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO John A. Carroll sold 209 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $1,999,506.30. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Johnson Varkey sold 560 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.11, for a total transaction of $123,261.60. Following the completion of the transaction, the senior vice president now directly owns 9,152 shares of the company's stock, valued at approximately $2,014,446.72. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,055 shares of company stock valued at $3,578,340 over the last 90 days. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

WM has been the subject of a number of research analyst reports. Argus upped their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Truist Financial upped their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Citigroup upped their price objective on shares of Waste Management from $242.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Raymond James upped their price objective on shares of Waste Management from $235.00 to $237.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus upped their price objective on shares of Waste Management from $243.00 to $252.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus 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.