Security National Bank Buys 11,729 Shares of Waste Management, Inc. $WM

Security National Bank boosted its stake in Waste Management, Inc. (NYSE:WM) by 3,711.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,045 shares of the business services provider’s stock after acquiring an additional 11,729 shares during the period. Security National Bank’s holdings in Waste Management were worth $2,660,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of WM. Norges Bank bought a new position in shares of Waste Management in the 2nd quarter worth about $1,064,206,000. Vontobel Holding Ltd. increased its stake in shares of Waste Management by 444.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 2,206,026 shares of the business services provider’s stock valued at $487,157,000 after acquiring an additional 1,800,728 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Waste Management by 15,782.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock valued at $395,512,000 after acquiring an additional 1,717,603 shares during the period. Sustainable Growth Advisers LP boosted its stake in Waste Management by 55.5% during the second quarter. Sustainable Growth Advisers LP now owns 2,897,636 shares of the business services provider’s stock worth $663,037,000 after acquiring an additional 1,034,258 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Waste Management by 982.3% in the third quarter. Assenagon Asset Management S.A. now owns 886,164 shares of the business services provider’s stock valued at $195,692,000 after purchasing an additional 804,285 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the sale, the senior vice president owned 15,540 shares in the company, valued at $3,373,112.40. This trade represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

Waste Management Price Performance

Shares of NYSE WM opened at $222.13 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $89.49 billion, a PE ratio of 34.98, a PEG ratio of 2.74 and a beta of 0.58. The stock’s 50 day moving average price is $212.07 and its 200-day moving average price is $220.25. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter last year, the business posted $1.96 earnings per share. The business’s revenue was up 14.9% compared to the same quarter last year. On average, equities analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, December 5th. Waste Management’s dividend payout ratio (DPR) is 51.97%.

Wall Street Analyst Weigh In

WM has been the topic of a number of research analyst reports. Oppenheimer increased their price objective on shares of Waste Management from $262.00 to $263.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 16th. Barclays cut their price target on Waste Management from $271.00 to $266.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Morgan Stanley decreased their price objective on Waste Management from $232.00 to $230.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. JPMorgan Chase & Co. increased their target price on Waste Management from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Waste Management in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.95.

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.