Country Club Trust Company n.a. acquired a new stake in shares of Waste Management, Inc. (NYSE:WM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,435 shares of the business services provider’s stock, valued at approximately $210,000.

A number of other institutional investors have also recently made changes to their positions in the business. FTB Advisors Inc. raised its position in shares of Waste Management by 4.3% in the 2nd quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock worth $116,000 after purchasing an additional 65 shares during the last quarter. Gyroscope Capital Management Group LLC raised its position in shares of Waste Management by 1.8% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 3,913 shares of the business services provider’s stock worth $287,000 after purchasing an additional 70 shares during the last quarter. Hall Laurie J Trustee raised its position in shares of Waste Management by 1.0% in the 2nd quarter. Hall Laurie J Trustee now owns 18,555 shares of the business services provider’s stock worth $1,361,000 after purchasing an additional 175 shares during the last quarter. Marietta Wealth Management LLC raised its position in shares of Waste Management by 3.9% in the 2nd quarter. Marietta Wealth Management LLC now owns 5,010 shares of the business services provider’s stock worth $367,000 after purchasing an additional 190 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Waste Management by 0.3% in the 2nd quarter. ProShare Advisors LLC now owns 67,498 shares of the business services provider’s stock worth $4,951,000 after purchasing an additional 198 shares during the last quarter. 74.89% of the stock is owned by institutional investors and hedge funds.

WM has been the subject of several recent analyst reports. Zacks Investment Research lowered Waste Management from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of Waste Management in a research report on Friday, October 13th. KeyCorp reaffirmed a “buy” rating and issued a $88.00 price target on shares of Waste Management in a research report on Friday, October 27th. Macquarie raised Waste Management from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 3rd. Finally, Bank of America lowered their price target on Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Waste Management has a consensus rating of “Buy” and an average target price of $86.78.

In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total transaction of $133,815.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is currently owned by insiders.

Waste Management, Inc. (NYSE WM) opened at $88.27 on Friday. Waste Management, Inc. has a 52-week low of $69.00 and a 52-week high of $88.66. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68. The firm has a market capitalization of $38,330.00, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.65 and a beta of 0.75.

Waste Management (NYSE:WM) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. Waste Management’s revenue was up 4.7% on a year-over-year basis. equities analysts forecast that Waste Management, Inc. will post 3.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, November 30th. Waste Management’s dividend payout ratio (DPR) is 54.66%.

Waste Management announced that its board has initiated a share buyback plan on Thursday, December 14th that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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Waste Management Profile

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.

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

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