Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 358 Shares of Waste Management, Inc. (NYSE:WM)

Town & Country Bank & Trust CO dba First Bankers Trust CO lessened its holdings in Waste Management, Inc. (NYSE:WM) by 3.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,270 shares of the business services provider’s stock after selling 358 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Waste Management were worth $2,402,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its position in shares of Waste Management by 8.5% during the third quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider’s stock worth $4,407,000 after purchasing an additional 2,272 shares in the last quarter. Birch Hill Investment Advisors LLC boosted its position in shares of Waste Management by 5.5% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock worth $1,132,000 after acquiring an additional 332 shares during the last quarter. International Assets Investment Management LLC grew its stake in Waste Management by 13,927.7% during the fourth quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock valued at $90,319,000 after acquiring an additional 500,701 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Waste Management by 93.0% in the 4th quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider’s stock worth $8,348,000 after purchasing an additional 22,455 shares in the last quarter. Finally, DSM Capital Partners LLC bought a new position in shares of Waste Management during the 4th quarter valued at about $38,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Trading Up 0.3 %

WM traded up $0.67 on Friday, reaching $213.34. 2,908,229 shares of the company traded hands, compared to its average volume of 1,972,412. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. The company has a market cap of $85.57 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 2.48 and a beta of 0.74. The firm has a fifty day simple moving average of $208.06 and a two-hundred day simple moving average of $199.85. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The company had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the firm earned $1.31 earnings per share. Waste Management’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Waste Management, Inc. will post 7.31 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.41%. The ex-dividend date was Friday, June 7th. Waste Management’s payout ratio is 49.10%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Robert W. Baird boosted their target price on Waste Management from $214.00 to $222.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Jefferies Financial Group boosted their price target on shares of Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. CIBC increased their price objective on shares of Waste Management from $207.00 to $220.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Truist Financial upped their target price on shares of Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Stifel Nicolaus lifted their price target on Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.61.

Insider Activity

In other news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the transaction, the vice president now directly owns 45,644 shares in the company, valued at $9,324,156.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

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.