Community Bank & Trust Waco Texas Buys 185 Shares of Waste Management, Inc. (NYSE:WM)

Community Bank & Trust Waco Texas boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,346 shares of the business services provider’s stock after acquiring an additional 185 shares during the period. Community Bank & Trust Waco Texas’ holdings in Waste Management were worth $675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its position in Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates increased its stake in shares of Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares during the period. General Partner Inc. bought a new stake in Waste Management in the fourth quarter valued at $29,000. Sugar Maple Asset Management LLC bought a new stake in Waste Management in the fourth quarter valued at $35,000. Finally, Pineridge Advisors LLC bought a new stake in shares of Waste Management during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Oppenheimer boosted their target price 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. Jefferies Financial Group decreased their target price on Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. UBS Group boosted their target price on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial boosted their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley boosted their target price on Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $234.50.

Insiders Place Their Bets

In related news, SVP Rafael Carrasco sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $225.89, for a total value of $903,560.00. Following the sale, the senior vice president now owns 18,531 shares in the company, valued at $4,185,967.59. This represents a 17.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Johnson Varkey sold 560 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.11, for a total value of $123,261.60. Following the completion of the sale, the senior vice president now owns 9,152 shares in the company, valued at approximately $2,014,446.72. This represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Up 0.5 %

NYSE WM opened at $225.95 on Tuesday. Waste Management, Inc. has a 52 week low of $187.48 and a 52 week high of $230.39. The firm has a market capitalization of $90.69 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 2.70 and a beta of 0.78. The company has a fifty day moving average of $211.84 and a two-hundred day moving average of $211.35. 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 the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. On average, analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.33%. Waste Management’s dividend payout ratio is presently 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.