Community Financial Services Group LLC Has $4.24 Million Stake in Waste Management, Inc. (NYSE:WM)

Community Financial Services Group LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,990 shares of the business services provider’s stock after buying an additional 649 shares during the quarter. Community Financial Services Group LLC’s holdings in Waste Management were worth $4,236,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WM. Activest Wealth Management increased its holdings in Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after buying an additional 120 shares during the last quarter. Global Wealth Strategies & Associates grew its position in shares of Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares during the period. General Partner Inc. acquired a new position in shares of Waste Management during the 4th quarter worth about $29,000. Sugar Maple Asset Management LLC acquired a new stake in Waste Management in the 4th quarter valued at about $35,000. Finally, Richardson Financial Services Inc. grew its holdings in Waste Management by 65.7% during the fourth quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock worth $35,000 after purchasing an additional 69 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Scotiabank raised their price objective on Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. Citigroup lifted their price objective on shares of Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Raymond James raised their target price on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Jefferies Financial Group decreased their price target on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Argus raised their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.50.

Insiders Place Their Bets

In other Waste Management news, SVP Rafael Carrasco sold 4,000 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $225.89, for a total value of $903,560.00. Following the sale, the senior vice president now owns 18,531 shares in the company, valued at approximately $4,185,967.59. The trade was a 17.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Donald J. Smith sold 191 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.22, for a total transaction of $42,062.02. Following the completion of the transaction, the vice president now owns 6,129 shares in the company, valued at $1,349,728.38. This trade represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,055 shares of company stock valued at $3,578,340 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Waste Management Price Performance

WM stock opened at $226.78 on Wednesday. Waste Management, Inc. has a 1 year low of $187.48 and a 1 year high of $230.39. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a market cap of $91.02 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 2.70 and a beta of 0.78. The company has a 50 day simple moving average of $211.85 and a 200 day simple moving average of $211.53.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.32%. Waste Management’s dividend payout ratio is presently 44.12%.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.