Home Federal Bank of Tennessee Sells 330 Shares of Waste Management, Inc. (NYSE:WM)

Home Federal Bank of Tennessee lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,117 shares of the business services provider’s stock after selling 330 shares during the quarter. Waste Management comprises 1.0% of Home Federal Bank of Tennessee’s investment portfolio, making the stock its 14th biggest holding. Home Federal Bank of Tennessee’s holdings in Waste Management were worth $3,454,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Waste Management by 0.8% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock valued at $56,135,000 after purchasing an additional 2,127 shares during the period. Nordea Investment Management AB raised its holdings in shares of Waste Management by 7.1% during the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after purchasing an additional 280,455 shares during the period. Trium Capital LLP raised its holdings in shares of Waste Management by 33.6% during the third quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after purchasing an additional 3,029 shares during the period. J.W. Cole Advisors Inc. raised its holdings in shares of Waste Management by 77.4% during the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after purchasing an additional 5,367 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Waste Management by 6.2% during the third quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock valued at $99,759,000 after purchasing an additional 28,266 shares during the period. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Down 1.0 %

Waste Management stock opened at $220.10 on Monday. Waste Management, Inc. has a twelve month low of $184.72 and a twelve month high of $230.39. The firm has a 50 day moving average price of $212.19 and a 200-day moving average price of $211.24. The company has a market capitalization of $88.34 billion, a P/E ratio of 32.37, a P/E/G ratio of 2.57 and a beta of 0.78. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last released 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 net margin of 12.45% and a return on equity of 38.88%. As a group, equities analysts predict that Waste Management, Inc. will post 7.92 EPS for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 44.12%.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WM shares. Argus upped their price objective on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group lowered their target price on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Royal Bank of Canada upped their target price on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Scotiabank upgraded shares of Waste Management from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $225.00 to $250.00 in a report on Monday, January 27th. Finally, UBS Group upped their target price on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average target price of $232.61.

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.