First National Bank of Mount Dora Trust Investment Services Cuts Stake in Waste Management, Inc. (NYSE:WM)

First National Bank of Mount Dora Trust Investment Services decreased its position in Waste Management, Inc. (NYSE:WM) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,712 shares of the business services provider’s stock after selling 371 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Waste Management were worth $4,092,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WM. Trium Capital LLP lifted its stake in shares of Waste Management by 33.6% in the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after purchasing an additional 3,029 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of Waste Management by 77.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after acquiring an additional 5,367 shares during the period. Pinkerton Retirement Specialists LLC raised its holdings in Waste Management by 18.6% in the 1st quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock worth $4,284,000 after purchasing an additional 3,145 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Waste Management by 417.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock valued at $720,000 after purchasing an additional 2,800 shares during the period. Finally, Swedbank AB increased its position in Waste Management by 67.2% in the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after buying an additional 709,678 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Waste Management Price Performance

NYSE WM traded up $0.07 during trading hours on Monday, hitting $214.06. 204,813 shares of the company’s stock traded hands, compared to its average volume of 1,614,409. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 1.03. The firm’s 50-day moving average is $209.34 and its 200-day moving average is $208.87. Waste Management, Inc. has a 52-week low of $167.78 and a 52-week high of $225.00. The company has a market capitalization of $85.92 billion, a PE ratio of 32.72, a PEG ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. Waste Management’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Equities analysts forecast that Waste Management, Inc. will post 7.28 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio is presently 45.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets increased their price objective on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Argus raised their price objective on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday. William Blair initiated coverage on shares of Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, Royal Bank of Canada boosted their target price on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Eleven 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $226.05.

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.