Trust Co. of Toledo NA OH Has $4.60 Million Stake in Waste Management, Inc. (NYSE:WM)

Trust Co. of Toledo NA OH increased its position in Waste Management, Inc. (NYSE:WM) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 22,155 shares of the business services provider’s stock after acquiring an additional 499 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Waste Management were worth $4,599,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC raised its holdings in Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Waste Management during the 2nd quarter worth approximately $31,000. Opal Wealth Advisors LLC bought a new position in Waste Management during the first quarter worth $35,000. Fairway Wealth LLC boosted its position in shares of Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Finally, Fairscale Capital LLC bought a new stake in Waste Management in the 2nd quarter valued at about $39,000. 80.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on WM shares. StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a research note on Friday, July 26th. CIBC decreased their target price on Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Truist Financial cut their price target on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Finally, Oppenheimer dropped their price objective on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $215.83.

Insider Buying and Selling

In other news, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following 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 filing with the SEC, which is available through this link. 0.18% of the stock is owned by insiders.

Waste Management Price Performance

WM stock opened at $207.32 on Thursday. Waste Management, Inc. has a one year low of $149.71 and a one year high of $225.00. The firm has a 50 day simple moving average of $206.34 and a two-hundred day simple moving average of $208.57. The stock has a market cap of $83.20 billion, a PE ratio of 33.93, a P/E/G ratio of 2.30 and a beta of 0.74. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03.

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

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

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.