Waste Management, Inc. (NYSE:WM) Shares Sold by Bangor Savings Bank

Bangor Savings Bank reduced its holdings in Waste Management, Inc. (NYSE:WM) by 12.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,223 shares of the business services provider’s stock after selling 178 shares during the quarter. Bangor Savings Bank’s holdings in Waste Management were worth $261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cerity Partners LLC grew its position in Waste Management by 10.0% during the fourth quarter. Cerity Partners LLC now owns 168,201 shares of the business services provider’s stock valued at $30,124,000 after purchasing an additional 15,232 shares in the last quarter. Janiczek Wealth Management LLC grew its stake in shares of Waste Management by 127.3% in the fourth quarter. Janiczek Wealth Management LLC now owns 300 shares of the business services provider’s stock worth $54,000 after acquiring an additional 168 shares during the last quarter. NewEdge Wealth LLC increased its holdings in shares of Waste Management by 194.0% during the 4th quarter. NewEdge Wealth LLC now owns 12,835 shares of the business services provider’s stock worth $2,299,000 after purchasing an additional 8,470 shares during the period. ORG Partners LLC raised its holdings in Waste Management by 135.4% in the 4th quarter. ORG Partners LLC now owns 1,770 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 1,018 shares in the last quarter. Finally, Graypoint LLC raised its stake in shares of Waste Management by 6.4% in the fourth quarter. Graypoint LLC now owns 6,405 shares of the business services provider’s stock valued at $1,147,000 after purchasing an additional 386 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

WM has been the topic of a number of recent research reports. Royal Bank of Canada lowered their price objective on Waste Management from $215.00 to $204.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 25th. BMO Capital Markets reduced their price target on Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a research report on Friday, July 26th. Raymond James boosted their price objective on shares of Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Robert W. Baird lowered their price target on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Eleven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $215.83.

Insider Activity at Waste Management

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

Waste Management Stock Up 0.4 %

Shares of NYSE:WM traded up $0.84 during trading on Tuesday, hitting $203.95. 427,519 shares of the company were exchanged, compared to its average volume of 1,703,228. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The firm has a fifty day moving average price of $208.69 and a two-hundred day moving average price of $206.66. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $225.00. The stock has a market cap of $81.85 billion, a price-to-earnings ratio of 33.24, a P/E/G ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same quarter in the prior year, the company earned $1.51 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Waste Management, Inc. will post 7.24 earnings per share for the current fiscal year.

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.