21,019 Waste Management, Inc. $WM Shares Purchased by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC increased its holdings in Waste Management, Inc. (NYSE:WM) by 1,543.2% in the 3rd quarter, Holdings Channel reports. The fund owned 22,381 shares of the business services provider’s stock after purchasing an additional 21,019 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Waste Management were worth $4,564,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Main Street Group LTD purchased a new position in Waste Management during the 1st quarter valued at about $31,000. Balance Wealth Partners LLC purchased a new stake in shares of Waste Management in the third quarter worth approximately $31,000. Cape Investment Advisory Inc. acquired a new stake in shares of Waste Management during the second quarter worth approximately $36,000. Markowski Investments acquired a new stake in shares of Waste Management during the second quarter worth approximately $38,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Waste Management during the second quarter worth approximately $41,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WM shares. Citigroup lowered their price objective on shares of Waste Management from $269.00 to $259.00 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. Barclays increased their target price on shares of Waste Management from $277.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. BNP Paribas Exane decreased their target price on shares of Waste Management from $248.00 to $245.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. Sanford C. Bernstein boosted their price target on shares of Waste Management from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, Bank of America upped their price target on shares of Waste Management from $245.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 28th. Eighteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $257.04.

Waste Management Stock Up 0.1%

WM opened at $236.50 on Monday. The company has a market capitalization of $94.04 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 3.07 and a beta of 0.38. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.82 and a quick ratio of 0.78. Waste Management, Inc. has a fifty-two week low of $197.47 and a fifty-two week high of $248.13. The business has a 50-day moving average of $219.40 and a 200-day moving average of $225.59.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Tuesday, October 27th. The business services provider reported $2.15 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.03). The firm had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.81 billion. Waste Management had a net margin of 11.78% and a return on equity of 31.97%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.98 EPS. Equities research analysts forecast that Waste Management, Inc. will post 8.05 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a dividend of $0.9450 per share. This represents a $3.78 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 11th. Waste Management’s dividend payout ratio (DPR) is presently 49.61%.

Insider Transactions at Waste Management

In other Waste Management news, CAO John Carroll sold 1,365 shares of Waste Management stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $219.90, for a total value of $300,163.50. Following the completion of the sale, the chief accounting officer directly owned 3,509 shares in the company, valued at $771,629.10. The trade was a 28.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Waste Management Company Profile

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.