TFC Financial Management Inc. Has $258,000 Stock Holdings in Waste Management, Inc. (NYSE:WM)

TFC Financial Management Inc. decreased its stake in Waste Management, Inc. (NYSE:WM) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,278 shares of the business services provider’s stock after selling 121 shares during the period. TFC Financial Management Inc.’s holdings in Waste Management were worth $258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Activest Wealth Management lifted its position in Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates lifted its position in Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the period. General Partner Inc. bought a new position in Waste Management in the fourth quarter worth $29,000. Sugar Maple Asset Management LLC bought a new position in Waste Management in the fourth quarter worth $35,000. Finally, Richardson Financial Services Inc. lifted its position in Waste Management by 65.7% in the fourth quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock worth $35,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WM. CIBC lifted their price objective on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. StockNews.com cut Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Royal Bank of Canada lifted their price target on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their price objective on Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group lowered their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $234.50.

Waste Management Trading Up 0.3 %

Shares of Waste Management stock opened at $227.42 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The stock has a market cap of $91.28 billion, a P/E ratio of 33.44, a P/E/G ratio of 2.70 and a beta of 0.78. Waste Management, Inc. has a 12-month low of $194.20 and a 12-month high of $230.39. The business’s 50 day moving average is $211.89 and its 200-day moving average is $211.74.

Waste Management (NYSE:WM) last posted its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. Equities research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Waste Management

In other Waste Management news, CAO John A. Carroll sold 209 shares of the company’s 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 transaction, the chief accounting officer now directly owns 9,066 shares of the company’s stock, valued at $1,999,506.30. This represents a 2.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Rafael Carrasco sold 4,000 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $225.89, for a total value of $903,560.00. Following the completion of the transaction, the senior vice president now directly owns 18,531 shares in the company, valued at approximately $4,185,967.59. This represents a 17.75 % 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.

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.