City Holding Co. lessened its position in Waste Management, Inc. (NYSE: WM – Get Rating) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,242 shares of the business services provider’s stock after selling 108 shares during the period. Waste Management makes up about 1.1% of City Holding Co.’s investment portfolio, making the stock its 18th biggest holding. City Holding Co.’s holdings in Waste Management were worth $ 6,854,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Cozad Asset Management Inc. increased its stake in Waste Management by 3.7% in the fourth quarter. Cozad Asset Management Inc. now owns 1,898 shares of the business services provider’s stock valued at $ 317,000 after purchasing an additional 67 shares in the last quarter. Glassman Wealth Services increased its stake in Waste Management by 7.1% in the first quarter. Glassman Wealth Services now owns 1,007 shares of the business services provider’s stock valued at $ 160,000 after purchasing an additional 67 shares in the last quarter. Avantax Planning Partners Inc. increased its stake in Waste Management by 1.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 4,889 shares of the business services provider’s stock valued at $ 816,000 after purchasing an additional 68 shares in the last quarter. Fulton Bank NA increased its stake in Waste Management by 1.6% in the fourth quarter. Fulton Bank NA now owns 4,513 shares of the business services provider’s stock valued at $ 753,000 after purchasing an additional 69 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Waste Management by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,009 shares of the business services provider’s stock worth $ 669,000 after acquiring an additional 69 shares in the last quarter. 80.37% of the stock is owned by hedge funds and other institutional investors.
Waste Management stock opened at $ 150.31 on Friday. The company has a market cap of $ 62.41 billion, a P / E ratio of 33.11, a price-to-earnings-growth ratio of 2.49 and a beta of 0.80. Waste Management, Inc. has a 1-year low of $ 138.28 and a 1-year high of $ 170.18. The company has a fifty day simple moving average of $ 155.90 and a 200 day simple moving average of $ 155.25. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.83.
Waste Management (NYSE: WM – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The business services provider reported $ 1.29 EPS for the quarter, beating analysts’ consensus estimates of $ 1.12 by $ 0.17. The firm had revenue of $ 4.66 billion during the quarter, compared to analysts’ expectations of $ 4.45 billion. Waste Management had a net margin of 10.32% and a return on equity of 29.67%. The company revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the company posted $ 1.06 earnings per share. On average, equities research analysts forecast that Waste Management, Inc. will post 5.55 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, June 3rd were paid a $ 0.65 dividend. This represents a $ 2.60 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, June 2nd. Waste Management’s dividend payout ratio is currently 57.27%.
WM has been the subject of several research reports. Raymond James increased their price objective on shares of Waste Management from $ 167.00 to $ 170.00 and gave the stock an “outperform” rating in a research report on Friday, April 22nd. Bank of America raised shares of Waste Management from an “underperform” rating to a “neutral” rating and increased their objective price for the stock from $ 155.00 to $ 165.00 in a research report on Friday, May 13th. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 28th. BMO Capital Markets downgraded shares of Waste Management from an “outperform” rating to a “market perform” rating and set a $ 174.00 price objective for the company. in a research report on Tuesday, April 12th. Finally, JPMorgan Chase & Co. began coverage on shares of Waste Management in a research report on Tuesday, March 1st. They set a “neutral” rating and a $ 153.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $ 163.00.
In other news, CAO Leslie K. Nagy sold 2,668 shares of the firm’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $ 169.72, for a total transaction of $ 452,812.96. Following the completion of the sale, the chief accounting officer now owns 4,880 shares in the company, valued at approximately $ 828,233.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James C. Fish, Jr. sold 28,976 shares of the firm’s stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $ 158.05, for a total transaction of $ 4,579,656.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,961 shares of company stock valued at $ 14,651,682. Corporate insiders own 0.18% of the company stock.
Waste Management Company Profile: (Get Rating)
Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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