First National Trust Co Has $7.07 Million Stock Position in Waste Management, Inc. $WM

First National Trust Co trimmed its position in Waste Management, Inc. (NYSE:WM) by 8.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,007 shares of the business services provider’s stock after selling 2,816 shares during the quarter. First National Trust Co’s holdings in Waste Management were worth $7,068,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WM. Syntegra Private Wealth Group LLC boosted its holdings in shares of Waste Management by 2.0% during the second quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock worth $524,000 after acquiring an additional 44 shares during the period. Harbour Trust & Investment Management Co raised its holdings in Waste Management by 1.1% in the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock valued at $943,000 after acquiring an additional 45 shares in the last quarter. Gladstone Institutional Advisory LLC raised its stake in Waste Management by 1.3% in the third quarter. Gladstone Institutional Advisory LLC now owns 3,853 shares of the business services provider’s stock valued at $851,000 after purchasing an additional 49 shares in the last quarter. Clean Yield Group raised its position in shares of Waste Management by 6.7% in the 3rd quarter. Clean Yield Group now owns 801 shares of the business services provider’s stock valued at $177,000 after buying an additional 50 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its position in Waste Management by 1.2% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,419 shares of the business services provider’s stock valued at $1,011,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on WM. JPMorgan Chase & Co. raised their target price on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Robert W. Baird upgraded Waste Management from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $238.00 to $242.00 in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Waste Management in a report on Monday, December 29th. Sanford C. Bernstein lifted their price target on shares of Waste Management from $255.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $253.55.

Insider Buying and Selling at Waste Management

In related news, EVP Charles C. Boettcher sold 689 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $219.32, for a total value of $151,111.48. Following the transaction, the executive vice president owned 56,159 shares in the company, valued at $12,316,791.88. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rafael Carrasco sold 690 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $219.01, for a total value of $151,116.90. Following the sale, the senior vice president owned 22,892 shares of the company’s stock, valued at approximately $5,013,576.92. The trade was a 2.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 6,806 shares of company stock worth $1,490,204. Company insiders own 0.18% of the company’s stock.

Waste Management Trading Up 1.7%

WM opened at $230.56 on Tuesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.80. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The company’s 50 day moving average price is $220.49 and its two-hundred day moving average price is $219.14. The firm has a market capitalization of $92.89 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.40 and a beta of 0.58.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.Waste Management’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 EPS. As a group, research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s payout ratio is currently 49.25%.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.