Spinnaker Trust Has $729,000 Stock Holdings in Waste Management, Inc. (NYSE:WM)

Spinnaker Trust lifted its holdings in Waste Management, Inc. (NYSE:WM) by 7.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,614 shares of the business services provider’s stock after purchasing an additional 250 shares during the quarter. Spinnaker Trust’s holdings in Waste Management were worth $729,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Activest Wealth Management grew its position in shares of Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates lifted its stake 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 valued at $28,000 after acquiring an additional 125 shares in the last quarter. General Partner Inc. bought a new stake in Waste Management in the 4th quarter valued at approximately $29,000. Sugar Maple Asset Management LLC bought a new stake in Waste Management in the 4th quarter valued at approximately $35,000. Finally, Pineridge Advisors LLC bought a new stake in Waste Management in the 4th quarter valued at approximately $35,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on WM shares. William Blair restated an “outperform” rating on shares of Waste Management in a research note on Friday, January 31st. BMO Capital Markets boosted their target price on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their target price on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer upped their price objective on Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.94.

Insider Buying and Selling at Waste Management

In other news, SVP Rafael Carrasco sold 4,000 shares of the 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 sale, the senior vice president now directly owns 18,531 shares of the company’s stock, valued at approximately $4,185,967.59. This represents a 17.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO John A. Carroll sold 209 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.55, for a total value of $46,094.95. Following the sale, the chief accounting officer now directly owns 9,066 shares in the company, valued at approximately $1,999,506.30. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,055 shares of company stock valued at $3,578,340 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Stock Performance

Shares of NYSE WM opened at $227.80 on Friday. 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’s fifty day moving average price is $212.11 and its two-hundred day moving average price is $212.15. Waste Management, Inc. has a one year low of $196.59 and a one year high of $230.39. 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) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. On average, equities analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current 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.