Raymond James Trust N.A. Has $11.02 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Raymond James Trust N.A. increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 3.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,077 shares of the business services provider’s stock after acquiring an additional 1,953 shares during the period. Raymond James Trust N.A.’s holdings in Waste Management were worth $11,019,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Aberdeen Wealth Management LLC raised its stake in Waste Management by 1.1% in the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after buying an additional 45 shares during the period. Signature Estate & Investment Advisors LLC lifted its holdings in Waste Management by 3.9% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 46 shares during the last quarter. ARS Wealth Advisors Group LLC boosted its holdings in shares of Waste Management by 3.1% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider’s stock worth $336,000 after buying an additional 47 shares during the period. Benchmark Financial Wealth Advisors LLC boosted its holdings in shares of Waste Management by 1.9% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after acquiring an additional 49 shares during the period. Finally, Balboa Wealth Partners grew its position in shares of Waste Management by 4.1% in the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 49 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Oppenheimer raised their price objective on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Finally, Robert W. Baird cut their price objective on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $226.11.

Waste Management Stock Up 1.3 %

Shares of NYSE:WM opened at $221.53 on Friday. Waste Management, Inc. has a 1 year low of $168.73 and a 1 year high of $226.84. 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 business’s 50-day moving average is $212.52 and its 200-day moving average is $210.00. The company has a market capitalization of $88.92 billion, a price-to-earnings ratio of 33.87, a P/E/G ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the prior year, the business earned $1.63 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts predict that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.35%. Waste Management’s dividend payout ratio is presently 45.87%.

Waste Management Profile

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.