M&T Bank Corp Has $41.53 Million Holdings in Waste Management, Inc. (NYSE:WM)

M&T Bank Corp trimmed its holdings in Waste Management, Inc. (NYSE:WM) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,815 shares of the business services provider’s stock after selling 5,711 shares during the period. M&T Bank Corp owned about 0.05% of Waste Management worth $41,531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Activest Wealth Management lifted its position in Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 120 shares in the last quarter. Global Wealth Strategies & Associates lifted its holdings 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 valued at $28,000 after purchasing an additional 125 shares in the last quarter. General Partner Inc. bought a new position in shares of Waste Management during the fourth quarter worth about $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Waste Management in the 4th quarter valued at approximately $33,000. Finally, Sugar Maple Asset Management LLC bought a new stake in Waste Management in the 4th quarter valued at approximately $35,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Performance

WM opened at $229.86 on Wednesday. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. The company has a market capitalization of $92.43 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.71 and a beta of 0.78. The business has a fifty day simple moving average of $216.80 and a 200 day simple moving average of $214.38. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $235.81.

Waste Management (NYSE:WM) last released its quarterly 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 37.93%. Research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.825 dividend. This is a boost from Waste Management’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, March 14th. Waste Management’s payout ratio is 48.53%.

Insider Buying and Selling

In related news, SVP Johnson Varkey sold 124 shares of Waste Management stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $234.96, for a total value of $29,135.04. Following the transaction, the senior vice president now directly owns 8,491 shares of the company’s stock, valued at $1,995,045.36. This trade represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Charles C. Boettcher sold 693 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the sale, the executive vice president now owns 45,542 shares of the company’s stock, valued at $10,046,109.78. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,406 shares of company stock valued at $15,076,127 over the last 90 days. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on WM. Jefferies Financial Group lowered their price objective 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. CIBC raised their price objective on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Scotiabank upped their target price on Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. Raymond James raised their price target on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Citigroup upped their price objective on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average target price of $235.94.

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.