Country Club Bank Grows Stock Position in Waste Management, Inc. (NYSE:WM)

Country Club Bank grew its position in shares of Waste Management, Inc. (NYSE:WM) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,726 shares of the business services provider’s stock after purchasing an additional 100 shares during the period. Country Club Bank’s holdings in Waste Management were worth $956,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Czech National Bank boosted its stake in shares of Waste Management by 7.0% during the 3rd quarter. Czech National Bank now owns 74,394 shares of the business services provider’s stock valued at $15,444,000 after buying an additional 4,842 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Waste Management by 4.6% during the 3rd quarter. Park Avenue Securities LLC now owns 4,842 shares of the business services provider’s stock valued at $1,005,000 after acquiring an additional 213 shares during the last quarter. Diversified Trust Co grew its holdings in Waste Management by 40.2% during the 3rd quarter. Diversified Trust Co now owns 7,031 shares of the business services provider’s stock worth $1,460,000 after acquiring an additional 2,016 shares in the last quarter. Bath Savings Trust Co bought a new stake in shares of Waste Management in the 3rd quarter worth about $202,000. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of Waste Management by 0.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 19,945 shares of the business services provider’s stock worth $4,141,000 after purchasing an additional 137 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on WM. BMO Capital Markets boosted their price objective on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Truist Financial upped their price target on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup lifted their price objective on shares of Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a report on Monday. Raymond James increased their target price on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Oppenheimer lifted their price target on shares of Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.50.

Insider Transactions at Waste Management

In related news, CFO Devina A. Rankin sold 5,826 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,294,071.12. Following the sale, the chief financial officer now directly owns 69,442 shares in the company, valued at $15,424,457.04. The trade was a 7.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tara J. Hemmer sold 4,576 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the sale, the senior vice president now owns 58,765 shares of the company’s stock, valued at $13,052,881.80. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,055 shares of company stock valued at $2,674,780. Corporate insiders own 0.18% of the company’s stock.

Waste Management Trading Up 1.1 %

NYSE:WM opened at $224.67 on Thursday. Waste Management, Inc. has a 1 year low of $187.48 and a 1 year high of $230.39. The business has a fifty day moving average of $212.05 and a 200-day moving average of $211.24. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The stock has a market cap of $90.18 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 2.57 and a beta of 0.78.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Equities analysts predict that Waste Management, Inc. will post 7.92 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s payout ratio is currently 44.12%.

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.