Field & Main Bank Purchases 220 Shares of Waste Management, Inc. (NYSE:WM)

Field & Main Bank raised its position in Waste Management, Inc. (NYSE:WM) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,595 shares of the business services provider’s stock after buying an additional 220 shares during the quarter. Field & Main Bank’s holdings in Waste Management were worth $2,077,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Gilfoyle & Co LLC bought a new stake in Waste Management during the 4th quarter valued at $30,000. Millburn Ridgefield Corp bought a new position in Waste Management in the 3rd quarter worth about $35,000. Rational Advisors LLC purchased a new position in Waste Management during the 3rd quarter valued at about $41,000. Janiczek Wealth Management LLC increased its position in shares of Waste Management by 127.3% during the fourth quarter. Janiczek Wealth Management LLC now owns 300 shares of the business services provider’s stock valued at $54,000 after buying an additional 168 shares during the period. Finally, Annapolis Financial Services LLC lifted its holdings in shares of Waste Management by 40.1% in the third quarter. Annapolis Financial Services LLC now owns 325 shares of the business services provider’s stock worth $50,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Activity at Waste Management

In related news, SVP Christopher P. Desantis sold 346 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total transaction of $69,075.44. Following the completion of the transaction, the senior vice president now owns 8,218 shares in the company, valued at $1,640,641.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, SVP Christopher P. Desantis sold 346 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $199.64, for a total value of $69,075.44. Following the completion of the transaction, the senior vice president now directly owns 8,218 shares of the company’s stock, valued at $1,640,641.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the sale, the executive vice president now directly owns 29,677 shares in the company, valued at $6,217,331.50. The disclosure for this sale can be found here. Insiders have sold a total of 18,007 shares of company stock worth $3,696,520 in the last 90 days. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of analyst reports. CIBC upped their target price on shares of Waste Management from $207.00 to $220.00 and gave the stock a “neutral” rating in a report on Monday. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. BMO Capital Markets boosted their target price on Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a research report on Friday. Stifel Nicolaus upped their target price on Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Oppenheimer lifted their price target on Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus price target of $215.88.

Waste Management Trading Up 1.0 %

Shares of NYSE WM traded up $2.00 during midday trading on Monday, reaching $212.10. The company had a trading volume of 2,048,384 shares, compared to its average volume of 1,675,736. The firm’s fifty day moving average price is $208.75 and its 200-day moving average price is $187.69. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54. The stock has a market cap of $85.07 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.81 and a beta of 0.72.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter last year, the business earned $1.31 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that Waste Management, Inc. will post 7.09 earnings per share for the current year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.75 per share. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Thursday, March 14th. Waste Management’s dividend payout ratio is currently 49.10%.

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.