Waste Management, Inc. (NYSE:WM) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. cut its stake in shares of Waste Management, Inc. (NYSE:WM) by 3.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,944 shares of the business services provider’s stock after selling 123 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Waste Management were worth $841,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hexagon Capital Partners LLC raised its position in shares of Waste Management by 170.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 75 shares in the last quarter. Sachetta LLC bought a new position in Waste Management during the 4th quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Waste Management during the 2nd quarter worth $31,000. Opal Wealth Advisors LLC bought a new position in Waste Management during the 1st quarter worth $35,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Waste Management during the 4th quarter worth $36,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on WM. BMO Capital Markets lowered their price objective on Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research note on Friday, July 26th. Stifel Nicolaus upped their price objective on Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a report on Friday, April 26th. Oppenheimer reduced their target price on Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a report on Friday, July 26th. TD Cowen upped their target price on Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, Raymond James upped their target price on Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Eleven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $215.83.

Insider Activity

In other news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the transaction, the vice president now owns 44,144 shares of the company’s stock, valued at approximately $9,711,680. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the transaction, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the transaction, the vice president now owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Up 0.7 %

NYSE:WM traded up $1.51 during trading hours on Tuesday, hitting $208.10. 1,121,267 shares of the company’s stock traded hands, compared to its average volume of 1,706,747. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $225.00. The stock’s fifty day moving average price is $209.03 and its two-hundred day moving average price is $207.34. The firm has a market cap of $83.51 billion, a P/E ratio of 34.05, a P/E/G ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. The company had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.51 EPS. On average, research analysts expect that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

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.