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

Security National Bank raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 3,711.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,045 shares of the business services provider’s stock after acquiring an additional 11,729 shares during the quarter. Security National Bank’s holdings in Waste Management were worth $2,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of WM. Loomis Sayles & Co. L P purchased a new position in Waste Management in the 2nd quarter valued at approximately $40,000. Wealth Watch Advisors INC bought a new position in shares of Waste Management in the second quarter worth $43,000. eCIO Inc. bought a new stake in shares of Waste Management during the 1st quarter valued at $53,000. Halbert Hargrove Global Advisors LLC boosted its stake in Waste Management by 47.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 244 shares of the business services provider’s stock worth $54,000 after purchasing an additional 78 shares during the period. Finally, Gladwyn Financial Advisors Inc. bought a new stake in shares of Waste Management during the second quarter valued at about $58,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Rafael Carrasco sold 1,380 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the transaction, the senior vice president directly owned 15,540 shares of the company’s stock, valued at approximately $3,373,112.40. This represents a 8.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WM. Robert W. Baird raised shares of Waste Management from a “neutral” rating to an “outperform” rating and raised their price target for the company from $238.00 to $242.00 in a report on Tuesday, November 4th. Oppenheimer raised their price target on Waste Management from $262.00 to $263.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 16th. Stifel Nicolaus lowered their price objective on Waste Management from $252.00 to $236.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Royal Bank Of Canada decreased their target price on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Finally, Barclays dropped their price target on shares of Waste Management from $271.00 to $266.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Three investment 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 stock. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $248.95.

Waste Management Trading Down 0.1%

NYSE WM opened at $222.13 on Wednesday. The stock’s fifty day moving average price is $212.07 and its 200-day moving average price is $220.25. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 2.36. The stock has a market cap of $89.49 billion, a P/E ratio of 34.98, a P/E/G ratio of 2.74 and a beta of 0.58. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58.

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

Waste Management Dividend Announcement

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

Waste Management 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.