First National Corp MA ADV Decreases Stock Holdings in Waste Management, Inc. (NYSE:WM)

First National Corp MA ADV lessened its position in Waste Management, Inc. (NYSE:WM) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,179 shares of the business services provider’s stock after selling 90 shares during the period. First National Corp MA ADV’s holdings in Waste Management were worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Activest Wealth Management increased its position in Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates increased its position in shares of Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the period. General Partner Inc. bought a new position in Waste Management in the fourth quarter worth about $29,000. Sugar Maple Asset Management LLC bought a new stake in Waste Management during the 4th quarter valued at approximately $35,000. Finally, Richardson Financial Services Inc. grew its holdings in shares of Waste Management by 65.7% during the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock worth $35,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WM. CIBC lifted their price target on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Jefferies Financial Group reduced their target price on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Argus lifted their price target on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Truist Financial upped their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Citigroup boosted their price target on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $234.50.

Waste Management Trading Up 0.0 %

Waste Management stock opened at $224.94 on Monday. Waste Management, Inc. has a one year low of $187.48 and a one year high of $230.39. The business’s fifty day moving average is $211.84 and its 200 day moving average is $211.39. 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 capitalization of $90.28 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. On average, sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued 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 dividend yield of 1.33%. Waste Management’s payout ratio is 44.12%.

Insider Transactions at Waste Management

In other news, SVP Tara J. Hemmer sold 4,576 shares of Waste Management stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the transaction, the senior vice president now owns 58,765 shares in the company, valued at $13,052,881.80. This trade represents a 7.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Rafael Carrasco sold 4,000 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $225.89, for a total value of $903,560.00. Following the sale, the senior vice president now directly owns 18,531 shares of the company’s stock, valued at $4,185,967.59. This represents a 17.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,055 shares of company stock worth $3,578,340 in the last ninety days. 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.