City State Bank Has $361,000 Position in Waste Management, Inc. (NYSE:WM)

City State Bank trimmed its position in Waste Management, Inc. (NYSE:WM) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,788 shares of the business services provider’s stock after selling 198 shares during the period. City State Bank’s holdings in Waste Management were worth $361,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in WM. Aberdeen Wealth Management LLC raised its stake in Waste Management by 1.1% in the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after purchasing an additional 45 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in shares of Waste Management by 3.9% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock worth $257,000 after acquiring an additional 46 shares during the period. Benchmark Financial Wealth Advisors LLC boosted its position in shares of Waste Management by 1.9% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after acquiring an additional 49 shares in the last quarter. Balboa Wealth Partners raised its position in Waste Management by 4.1% during the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 49 shares in the last quarter. Finally, Werlinich Asset Management LLC lifted its stake in Waste Management by 1.2% during the third quarter. Werlinich Asset Management LLC now owns 4,385 shares of the business services provider’s stock worth $910,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

Waste Management Trading Down 0.2 %

Waste Management stock traded down $0.38 during mid-day trading on Monday, hitting $206.87. 274,806 shares of the stock were exchanged, compared to its average volume of 1,584,553. The stock has a market capitalization of $83.03 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 2.36 and a beta of 0.77. Waste Management, Inc. has a 12 month low of $180.17 and a 12 month high of $230.39. 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 firm’s fifty day simple moving average is $214.76 and its two-hundred day simple moving average is $211.33.

Waste Management (NYSE:WM) last released its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the previous year, the business earned $1.63 earnings per share. Waste Management’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts forecast that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

Wall Street Analyst Weigh In

WM has been the subject of a number of research analyst reports. Argus boosted their price target on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. William Blair initiated coverage on shares of Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. CIBC increased their price objective on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Ten investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $230.72.

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.