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

TFC Financial Management Inc. lessened its holdings in shares of Waste Management, Inc. (NYSE:WM) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of WM. Activest Wealth Management lifted its holdings 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 valued at $26,000 after buying an additional 120 shares during the period. Global Wealth Strategies & Associates lifted its holdings 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 valued at $28,000 after buying an additional 125 shares during the period. General Partner Inc. acquired a new position in Waste Management in the fourth quarter valued at $29,000. Sugar Maple Asset Management LLC acquired a new position in Waste Management in the fourth quarter valued at $35,000. Finally, Pineridge Advisors LLC acquired a new position in shares of Waste Management during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

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

Waste Management (NYSE:WM) last announced its quarterly earnings results 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, sell-side analysts anticipate 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, EVP Charles C. Boettcher sold 693 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.59, for a total value of $152,868.87. Following the sale, the executive vice president now directly owns 45,542 shares in the company, valued at $10,046,109.78. This represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Rafael Carrasco sold 4,000 shares of the stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Raymond James upped their price objective on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. Argus boosted their target price on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group decreased their target price on shares of 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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.50.

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.