First National Bank of Omaha Takes $4.23 Million Position in Waste Management, Inc. $WM

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

Other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its holdings in Waste Management by 101.5% during the 3rd 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 stake in shares of Waste Management in the second quarter valued at $40,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Waste Management in the third quarter valued at about $41,000. Wealth Watch Advisors INC acquired a new position in Waste Management during the 2nd quarter worth about $43,000. Finally, Costello Asset Management INC acquired a new stake in Waste Management in the 3rd quarter valued at about $49,000. Institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WM. Royal Bank Of Canada increased their price objective on Waste Management from $223.00 to $235.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Morgan Stanley lowered their price objective on Waste Management from $232.00 to $230.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings raised shares of Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Truist Financial set a $260.00 price objective on shares of Waste Management in a research note on Wednesday, October 29th. Finally, Robert W. Baird upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating and upped their target price for the company from $238.00 to $242.00 in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $253.55.

Waste Management Price Performance

Shares of WM opened at $234.93 on Wednesday. The stock has a 50 day simple moving average of $222.94 and a 200 day simple moving average of $219.25. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.85 and a current ratio of 0.89. The firm has a market capitalization of $94.76 billion, a PE ratio of 35.06, a P/E/G ratio of 2.48 and a beta of 0.58.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.02). The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.39 billion. Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 earnings per share. Sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Insider Buying and Selling at Waste Management

In related news, VP Donald J. Smith sold 12,194 shares of Waste Management stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $233.48, for a total value of $2,847,055.12. Following the sale, the vice president owned 6,024 shares of the company’s stock, valued at approximately $1,406,483.52. This trade represents a 66.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James C. Fish, Jr. sold 30,390 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $230.36, for a total value of $7,000,640.40. Following the transaction, the chief executive officer directly owned 225,793 shares of the company’s stock, valued at approximately $52,013,675.48. This trade represents a 11.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 64,126 shares of company stock valued at $14,770,037 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

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.