Community Bank & Trust Waco Texas Boosts Stake in Waste Management, Inc. (NYSE:WM)

Community Bank & Trust Waco Texas increased its position in Waste Management, Inc. (NYSE:WM) by 32.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,985 shares of the business services provider’s stock after buying an additional 723 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Waste Management were worth $535,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gilfoyle & Co LLC bought a new position in shares of Waste Management during the 4th quarter valued at about $30,000. Millburn Ridgefield Corp purchased a new position in shares of Waste Management in the third quarter valued at $35,000. Spirit of America Management Corp NY raised its stake in Waste Management by 66.7% during the third quarter. Spirit of America Management Corp NY now owns 250 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 100 shares in the last quarter. Rational Advisors LLC purchased a new position in shares of Waste Management in the 3rd quarter worth $41,000. Finally, Annapolis Financial Services LLC increased its holdings in shares of Waste Management by 40.1% in the 3rd quarter. Annapolis Financial Services LLC now owns 325 shares of the business services provider’s stock worth $50,000 after buying an additional 93 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.2 %

NYSE:WM traded up $0.39 during mid-day trading on Wednesday, hitting $209.17. 486,837 shares of the company’s stock traded hands, compared to its average volume of 1,647,954. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $214.54. The company has a market capitalization of $83.94 billion, a P/E ratio of 36.89, a P/E/G ratio of 3.15 and a beta of 0.72. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.86 and a current ratio of 0.90. The company has a fifty day moving average of $207.88 and a 200 day moving average of $186.15.

Waste Management (NYSE:WM) last released its earnings results on Monday, February 12th. The business services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.21. Waste Management had a net margin of 11.28% and a return on equity of 36.51%. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the firm earned $1.30 EPS. On average, analysts forecast that Waste Management, Inc. will post 6.88 EPS for the current year.

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 1.43%. This is a boost from Waste Management’s previous quarterly dividend of $0.70. Waste Management’s payout ratio is currently 53.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial boosted their target price on Waste Management from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Citigroup boosted their price objective on shares of Waste Management from $215.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Stifel Nicolaus increased their price objective on shares of Waste Management from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group boosted their price objective on Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $204.85.

Insider Activity

In other Waste Management news, CFO Devina A. Rankin sold 775 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $198.58, for a total transaction of $153,899.50. Following the completion of the transaction, the chief financial officer now directly owns 75,204 shares of the company’s stock, valued at approximately $14,934,010.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Waste Management news, CFO Devina A. Rankin sold 775 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $198.58, for a total transaction of $153,899.50. Following the sale, the chief financial officer now directly owns 75,204 shares of the company’s stock, valued at approximately $14,934,010.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John J. Morris sold 8,889 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $207.46, for a total value of $1,844,111.94. Following the completion of the transaction, the executive vice president now directly owns 95,461 shares of the company’s stock, valued at approximately $19,804,339.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,007 shares of company stock valued at $3,696,520. Company insiders own 0.18% of the company’s stock.

Waste Management Company 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.