Community Bank & Trust Waco Texas Has $675,000 Position in Waste Management, Inc. (NYSE:WM)

Community Bank & Trust Waco Texas grew its position in Waste Management, Inc. (NYSE:WM) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,346 shares of the business services provider’s stock after acquiring an additional 185 shares during the period. Community Bank & Trust Waco Texas’ holdings in Waste Management were worth $675,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WM. Activest Wealth Management grew its position in shares of Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 120 shares during the period. 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. bought a new position in shares of Waste Management in the 4th quarter valued at about $29,000. Sugar Maple Asset Management LLC bought a new position in shares of Waste Management in the 4th quarter valued at about $35,000. Finally, Richardson Financial Services Inc. boosted 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 buying an additional 69 shares during the period. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of NYSE:WM opened at $225.95 on Tuesday. The firm has a 50 day moving average of $211.84 and a 200-day moving average of $211.35. The stock has a market capitalization of $90.69 billion, a PE ratio of 33.23, a PEG ratio of 2.70 and a beta of 0.78. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 12 month low of $187.48 and a 12 month high of $230.39.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS 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%. On average, equities research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed 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. This represents a $3.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is 44.12%.

Insider Buying and Selling

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

Analysts Set New Price Targets

WM has been the subject of several research analyst reports. StockNews.com downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Morgan Stanley lifted their target price on shares of Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Jefferies Financial Group reduced their target price on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Citigroup lifted their target price on shares of Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Oppenheimer lifted their target price on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Ten 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $234.50.

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.