Waste Management, Inc. (NYSE:WM) Shares Purchased by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

by · The Cerbat Gem

FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its holdings in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,885 shares of the business services provider’s stock after buying an additional 260 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Waste Management were worth $2,260,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Hexagon Capital Partners LLC increased its holdings in Waste Management by 170.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 75 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Waste Management in the second quarter valued at about $31,000. Opal Wealth Advisors LLC purchased a new stake in shares of Waste Management during the 1st quarter valued at about $35,000. Fairway Wealth LLC lifted its position in Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Waste Management in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of NYSE:WM opened at $211.81 on Friday. The firm’s 50 day moving average is $207.37 and its two-hundred day moving average is $208.48. The firm has a market capitalization of $84.95 billion, a P/E ratio of 34.67, a PEG ratio of 2.37 and a beta of 0.74. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a 52 week low of $153.95 and a 52 week high of $225.00.

Waste Management (NYSE:WM – Get Free Report) last announced its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, meeting the consensus estimate of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter in the previous year, the business earned $1.51 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 annualized dividend and a yield of 1.42%. Waste Management’s payout ratio is 49.10%.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of analyst reports. BMO Capital Markets decreased their price objective on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research report on Friday, July 26th. William Blair started coverage on Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Oppenheimer reduced their target price on Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Finally, StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $218.89.

View Our Latest Analysis on WM

Insiders Place Their Bets

In other news, VP Michael J. Watson sold 1,500 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the sale, the vice president now owns 44,144 shares in the company, valued at $9,711,680. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is owned by insiders.

Waste Management Company Profile

(Free Report)

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.

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