TIAA Trust National Association Buys 966 Shares of Waste Management, Inc. (NYSE:WM)

TIAA Trust National Association increased its stake in Waste Management, Inc. (NYSE:WM) by 5.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,675 shares of the business services provider’s stock after purchasing an additional 966 shares during the quarter. TIAA Trust National Association’s holdings in Waste Management were worth $4,194,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new position in shares of Waste Management in the fourth quarter valued at $73,000. Whittier Trust Co. lifted its position in shares of Waste Management by 1.7% during the 4th quarter. Whittier Trust Co. now owns 13,700 shares of the business services provider’s stock worth $2,454,000 after buying an additional 227 shares during the period. Cyndeo Wealth Partners LLC grew its position in Waste Management by 3.4% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 2,449 shares of the business services provider’s stock valued at $439,000 after acquiring an additional 80 shares during the period. Advisor Resource Council acquired a new stake in shares of Waste Management in the 4th quarter valued at $313,000. Finally, Cedar Brook Financial Partners LLC bought a new stake in shares of Waste Management in the 4th quarter worth about $207,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE:WM remained flat at $222.80 during trading hours on Monday. The company had a trading volume of 482,923 shares, compared to its average volume of 1,687,568. The company has a market cap of $89.36 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $225.00. The business’s 50 day moving average is $209.43 and its two-hundred day moving average is $203.88.

Waste Management (NYSE:WM) last announced its earnings results 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 business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period last year, the company earned $1.31 EPS. Waste Management’s revenue for the quarter was up 5.5% 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 fiscal year.

Waste Management Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.35%. Waste Management’s payout ratio is currently 49.10%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WM. BMO Capital Markets boosted their target price on Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Waste Management in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 price objective for the company. Raymond James boosted their target price on Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Royal Bank of Canada upped their target price on shares of Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a research report on Friday, April 26th. Finally, Erste Group Bank reissued a “hold” rating on shares of Waste Management in a research note on Friday, June 14th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $217.39.

Insiders Place Their Bets

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the sale, the vice president now directly owns 44,144 shares in the company, valued at approximately $9,711,680. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the sale, the vice president now directly owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the sale, the vice president now owns 44,144 shares of the company’s stock, valued at $9,711,680. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

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.