First National Bank of Omaha Acquires Shares of 19,169 Waste Management, Inc. $WM

First National Bank of Omaha bought a new position in Waste Management, Inc. (NYSE:WM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 19,169 shares of the business services provider’s stock, valued at approximately $4,233,000.

Other hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC lifted its holdings in shares of Waste Management by 101.5% in the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 67 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in Waste Management during the second quarter valued at $40,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Waste Management during the 3rd quarter worth about $41,000. Wealth Watch Advisors INC purchased a new position in Waste Management during the 2nd quarter valued at about $43,000. Finally, Costello Asset Management INC acquired a new position in shares of Waste Management in the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE:WM opened at $234.93 on Wednesday. The firm’s 50-day moving average is $222.94 and its 200-day moving average is $219.25. The company has a market cap of $94.76 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 2.48 and a beta of 0.58. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $1.70 earnings per share. Equities research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings raised Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. TD Cowen lifted their target price on shares of Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Barclays dropped their price target on shares of Waste Management from $266.00 to $265.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Morgan Stanley reduced their price objective on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Finally, Wells Fargo & Company increased their target price on shares of Waste Management from $246.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $253.55.

Insiders Place Their Bets

In related news, SVP Rafael Carrasco sold 7,352 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $234.50, for a total value of $1,724,044.00. Following the completion of the transaction, the senior vice president directly owned 15,540 shares of the company’s stock, valued at $3,644,130. This trade represents a 32.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Donald J. Smith sold 12,194 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $233.48, for a total transaction of $2,847,055.12. Following the completion of the transaction, the vice president owned 6,024 shares of the company’s stock, valued at approximately $1,406,483.52. This represents a 66.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 64,126 shares of company stock valued at $14,770,037 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.