Chevy Chase Trust Holdings LLC Sells 4,145 Shares of Waste Management, Inc. (NYSE:WM)

Chevy Chase Trust Holdings LLC reduced its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,503 shares of the business services provider's stock after selling 4,145 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Waste Management were worth $38,845,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WM. Bartlett & CO. Wealth Management LLC increased its stake in Waste Management by 0.8% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider's stock worth $56,135,000 after acquiring an additional 2,127 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Waste Management by 7.1% during the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider's stock worth $854,446,000 after purchasing an additional 280,455 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Waste Management by 77.4% in the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider's stock worth $2,553,000 after purchasing an additional 5,367 shares during the last quarter. Principal Financial Group Inc. lifted its position in Waste Management by 6.2% during the third quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider's stock valued at $99,759,000 after purchasing an additional 28,266 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Waste Management by 32.3% in the 4th quarter. Blue Trust Inc. now owns 7,365 shares of the business services provider's stock worth $1,529,000 after buying an additional 1,798 shares in the last quarter. Institutional investors own 80.40% of the company's stock.

Waste Management Trading Up 0.3 %

Shares of NYSE WM traded up $0.65 during midday trading on Tuesday, hitting $228.38. 1,680,709 shares of the company traded hands, compared to its average volume of 1,666,235. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $230.39. The stock has a 50-day moving average price of $212.32 and a 200 day moving average price of $212.45. The firm has a market cap of $91.66 billion, a P/E ratio of 33.59, a P/E/G ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly 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%. As a group, analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Insider Activity at Waste Management

In other Waste Management news, CFO Devina A. Rankin sold 5,826 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total transaction of $1,294,071.12. Following the completion of the sale, the chief financial officer now directly owns 69,442 shares of the company's stock, valued at approximately $15,424,457.04. This represents a 7.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rafael Carrasco sold 4,000 shares of Waste Management stock in a transaction on Friday, February 7th. The stock was 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 $4,185,967.59. This represents a 17.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WM has been the topic of several research reports. StockNews.com cut shares of Waste Management from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. BMO Capital Markets raised their price target on Waste Management from $213.00 to $220.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Jefferies Financial Group cut their price objective on Waste Management from $255.00 to $238.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on Waste Management from $213.00 to $219.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their target price on Waste Management from $204.00 to $220.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Waste Management presently has an average rating of "Moderate Buy" and a consensus target price of $235.94.

About Waste Management

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.