CNB Bank Sells 191 Shares of Waste Management, Inc. (NYSE:WM)

CNB Bank lowered its stake in Waste Management, Inc. (NYSE:WM) by 31.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 419 shares of the business services provider’s stock after selling 191 shares during the quarter. CNB Bank’s holdings in Waste Management were worth $85,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management grew its holdings in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares in the last quarter. Global Wealth Strategies & Associates raised its stake in shares of Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. General Partner Inc. bought a new position in shares of Waste Management during the 4th quarter worth about $29,000. Strategic Investment Solutions Inc. IL acquired a new position in Waste Management in the second quarter worth about $36,000. Finally, Fairscale Capital LLC acquired a new position in Waste Management during the second quarter worth $39,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of WM stock opened at $211.82 on Friday. The company has a market capitalization of $85.02 billion, a P/E ratio of 32.39, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77. Waste Management, Inc. has a 52 week low of $181.56 and a 52 week high of $230.39. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company’s 50 day moving average price is $214.24 and its two-hundred day moving average price is $211.23.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $1.63 earnings per share. On average, analysts expect that Waste Management, Inc. will post 7.3 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, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. Waste Management’s payout ratio is presently 45.87%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WM shares. Morgan Stanley raised their price target on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. William Blair began coverage on Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Oppenheimer raised their price objective on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Argus boosted their target price on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada raised their price target on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $230.72.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale 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 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.