Waste Management, Inc. (NYSE:WM) Shares Sold by Argent Trust Co

Argent Trust Co lessened its holdings in Waste Management, Inc. (NYSE:WMFree Report) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,405 shares of the business services provider’s stock after selling 1,784 shares during the period. Argent Trust Co’s holdings in Waste Management were worth $2,348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Moneta Group Investment Advisors LLC lifted its holdings in Waste Management by 110,208.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,778,550 shares of the business services provider’s stock worth $749,659,000 after purchasing an additional 4,774,218 shares during the last quarter. Norges Bank acquired a new position in Waste Management during the 4th quarter worth $658,370,000. Goldman Sachs Group Inc. lifted its position in Waste Management by 153.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,694,489 shares of the business services provider’s stock worth $640,698,000 after acquiring an additional 2,236,280 shares during the last quarter. Bank of Montreal Can acquired a new position in Waste Management during the 2nd quarter worth $304,180,000. Finally, Morgan Stanley lifted its position in Waste Management by 30.4% during the 4th quarter. Morgan Stanley now owns 7,370,481 shares of the business services provider’s stock worth $1,156,281,000 after acquiring an additional 1,718,449 shares during the last quarter. Institutional investors and hedge funds own 78.34% of the company’s stock.

Waste Management Stock Performance

NYSE:WM opened at $188.13 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.17. The firm has a 50-day moving average price of $178.75 and a 200 day moving average price of $167.56. Waste Management, Inc. has a 12-month low of $148.31 and a 12-month high of $188.93. The firm has a market capitalization of $75.77 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 2.75 and a beta of 0.70.

Insiders Place Their Bets

In other Waste Management news, VP Michael J. Watson sold 14,288 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $170.44, for a total transaction of $2,435,246.72. Following the completion of the transaction, the vice president now directly owns 41,428 shares in the company, valued at $7,060,988.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Michael J. Watson sold 14,288 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $170.44, for a total value of $2,435,246.72. Following the completion of the sale, the vice president now directly owns 41,428 shares in the company, valued at $7,060,988.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James C. Fish, Jr. sold 4,167 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $172.00, for a total value of $716,724.00. Following the completion of the sale, the chief executive officer now owns 177,321 shares of the company’s stock, valued at $30,499,212. The disclosure for this sale can be found here. Insiders sold 55,833 shares of company stock worth $9,750,104 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Waste Management in a research report on Tuesday, October 17th. They set a “peer perform” rating for the company. Oppenheimer upped their price target on Waste Management from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, January 12th. Royal Bank of Canada upped their price target on Waste Management from $160.00 to $163.00 and gave the stock a “sector perform” rating in a report on Thursday, October 26th. Citigroup upped their price objective on shares of Waste Management from $203.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Scotiabank cut their price objective on shares of Waste Management from $177.50 to $165.00 in a research report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.29.

Get Our Latest Stock Analysis on Waste Management

Waste Management Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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