Waste Management, Inc. (WM) Shares Sold by US Bancorp DE

US Bancorp DE lowered its position in Waste Management, Inc. (NYSE:WM) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,769 shares of the business services provider’s stock after selling 4,772 shares during the period. US Bancorp DE’s holdings in Waste Management were worth $16,243,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pinnacle Financial Partners Inc. increased its position in Waste Management by 10.2% in the first quarter. Pinnacle Financial Partners Inc. now owns 29,233 shares of the business services provider’s stock worth $2,132,000 after buying an additional 2,711 shares during the period. Cobblestone Capital Advisors LLC NY increased its position in Waste Management by 3.1% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 5,022 shares of the business services provider’s stock worth $366,000 after buying an additional 150 shares during the period. Henderson Group PLC increased its position in Waste Management by 1.1% in the first quarter. Henderson Group PLC now owns 57,565 shares of the business services provider’s stock worth $4,198,000 after buying an additional 600 shares during the period. Girard Partners LTD. bought a new position in Waste Management during the first quarter worth approximately $217,000. Finally, TIAA CREF Trust Co. FSB MO increased its position in Waste Management by 20.9% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 12,580 shares of the business services provider’s stock worth $917,000 after buying an additional 2,171 shares during the period. 74.35% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

Shares of Waste Management, Inc. (NYSE:WM) opened at 71.57 on Friday. The company has a market capitalization of $31.63 billion, a PE ratio of 26.11 and a beta of 0.70. Waste Management, Inc. has a 12-month low of $60.59 and a 12-month high of $74.58. The stock’s 50 day moving average price is $72.45 and its 200 day moving average price is $71.15.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.66 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.66. The company had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Waste Management had a return on equity of 24.07% and a net margin of 8.36%. Waste Management’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.58 EPS. On average, equities research analysts forecast that Waste Management, Inc. will post $3.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be issued a dividend of $0.425 per share. The ex-dividend date is Wednesday, June 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.38%. Waste Management’s dividend payout ratio is 65.34%.

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Several research analysts have commented on WM shares. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Wednesday. Oppenheimer Holdings Inc. set a $75.00 target price on Waste Management and gave the stock a “buy” rating in a research note on Saturday, February 18th. KeyCorp boosted their target price on Waste Management from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, May 11th. Barclays PLC downgraded Waste Management from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $70.00 to $73.00 in a research note on Wednesday, March 1st. They noted that the move was a valuation call. Finally, Wedbush boosted their target price on Waste Management from $72.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $71.76.

In related news, CEO James C. Fish, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $72.25, for a total transaction of $252,875.00. Following the transaction, the chief executive officer now directly owns 154,662 shares of the company’s stock, valued at approximately $11,174,329.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO James E. Trevathan, Jr. sold 49,314 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $73.07, for a total value of $3,603,373.98. Following the transaction, the chief operating officer now directly owns 361,705 shares in the company, valued at $26,429,784.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,187 shares of company stock worth $4,692,186. 0.42% of the stock is currently owned by insiders.

About Waste Management

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

12 Month Chart for NYSE:WM

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