Waste Management, Inc. (NYSE:WM) Shares Sold by Bangor Savings Bank

Bangor Savings Bank reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,150 shares of the business services provider’s stock after selling 73 shares during the period. Bangor Savings Bank’s holdings in Waste Management were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WM. Logan Capital Management Inc. lifted its position in shares of Waste Management by 39.0% during the fourth quarter. Logan Capital Management Inc. now owns 4,258 shares of the business services provider’s stock worth $763,000 after purchasing an additional 1,195 shares during the last quarter. Cresset Asset Management LLC grew its stake in Waste Management by 5.1% during the 4th quarter. Cresset Asset Management LLC now owns 72,531 shares of the business services provider’s stock worth $12,990,000 after buying an additional 3,497 shares during the last quarter. Northwest Wealth Management LLC increased its position in Waste Management by 9.7% in the fourth quarter. Northwest Wealth Management LLC now owns 1,578 shares of the business services provider’s stock worth $283,000 after buying an additional 140 shares during the period. First Financial Bankshares Inc acquired a new position in Waste Management during the 4th quarter valued at about $352,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of Waste Management during the fourth quarter worth approximately $1,145,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 44,144 shares of the company’s stock, valued at $9,711,680. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.18% of the company’s stock.

Waste Management Trading Up 1.6 %

Shares of NYSE WM opened at $208.68 on Wednesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. The stock has a market cap of $83.75 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 2.33 and a beta of 0.74. The business has a 50 day simple moving average of $206.84 and a 200 day simple moving average of $208.45. Waste Management, Inc. has a 52 week low of $153.95 and a 52 week high of $225.00.

Waste Management (NYSE:WM) last posted its earnings results on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, hitting the consensus estimate of $1.82. The firm had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 earnings per share. On average, research analysts predict that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, September 13th. Waste Management’s payout ratio is 49.10%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Truist Financial decreased their target price on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Robert W. Baird cut their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a report on Friday, July 26th. StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada reduced their price objective on Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Finally, BMO Capital Markets dropped their target price on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a research report on Friday, July 26th. Twelve research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $218.89.

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.