Farmers Trust Co. Makes New $213,000 Investment in Waste Management, Inc. (NYSE:WM)

Farmers Trust Co. purchased a new position in shares of Waste Management, Inc. (NYSE:WM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,026 shares of the business services provider’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ARS Wealth Advisors Group LLC grew its stake in shares of Waste Management by 3.1% in the 2nd quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock worth $336,000 after purchasing an additional 47 shares during the last quarter. McClarren Financial Advisors Inc. increased its position in shares of Waste Management by 29.7% in the first quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock worth $46,000 after acquiring an additional 49 shares in the last quarter. Mayflower Financial Advisors LLC increased its position in shares of Waste Management by 1.2% in the first quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider’s stock worth $911,000 after acquiring an additional 50 shares in the last quarter. Cypress Asset Management Inc. TX increased its position in shares of Waste Management by 1.2% in the first quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock worth $907,000 after acquiring an additional 50 shares in the last quarter. Finally, GYL Financial Synergies LLC increased its position in shares of Waste Management by 3.8% in the second quarter. GYL Financial Synergies LLC now owns 1,362 shares of the business services provider’s stock worth $290,000 after acquiring an additional 50 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the transaction, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Waste Management Trading Down 0.5 %

WM stock traded down $1.00 during trading on Friday, hitting $208.09. The company had a trading volume of 985,160 shares, compared to its average volume of 1,652,823. The stock has a market cap of $83.51 billion, a PE ratio of 34.06, a PEG ratio of 2.32 and a beta of 0.74. Waste Management, Inc. has a one year low of $152.90 and a one year high of $225.00. The business has a 50-day moving average of $206.74 and a 200-day moving average of $208.55. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21.

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

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio is presently 49.10%.

Analysts Set New Price Targets

A number of research analysts recently commented on WM shares. BMO Capital Markets lowered their price objective 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. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. Oppenheimer reduced their price objective on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Truist Financial dropped their target price on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Waste Management in a research report on Friday, June 14th. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $218.89.

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.