1ST Source Bank Sells 363 Shares of Waste Management, Inc. (NYSE:WM)

1ST Source Bank reduced its stake in Waste Management, Inc. (NYSE:WM) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,215 shares of the business services provider’s stock after selling 363 shares during the period. 1ST Source Bank’s holdings in Waste Management were worth $3,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Aberdeen Wealth Management LLC grew its stake in shares of Waste Management by 1.1% in the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after purchasing an additional 45 shares during the period. Checchi Capital Advisers LLC grew its position in Waste Management by 0.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider’s stock worth $1,366,000 after acquiring an additional 45 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position 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 worth $257,000 after acquiring an additional 46 shares during the last quarter. Catalyst Financial Partners LLC grew its position in Waste Management by 2.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock worth $411,000 after acquiring an additional 48 shares during the last quarter. Finally, Maia Wealth LLC grew its position in Waste Management by 4.1% during the 4th quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider’s stock worth $259,000 after acquiring an additional 48 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WM shares. Morgan Stanley increased their price target on Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. William Blair restated an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. Jefferies Financial Group decreased their price target on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. StockNews.com downgraded Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Citigroup upped their price objective on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $236.65.

Waste Management Stock Performance

Shares of Waste Management stock opened at $225.06 on Monday. The company has a market capitalization of $90.50 billion, a PE ratio of 33.10, a PEG ratio of 2.71 and a beta of 0.75. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $235.81. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. The stock’s fifty day simple moving average is $220.52 and its 200 day simple moving average is $215.35.

Waste Management (NYSE:WM) last issued its quarterly earnings data 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 return on equity of 37.93% and a net margin of 12.45%. On average, research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio (DPR) is presently 48.53%.

Insider Buying and Selling

In other Waste Management news, VP Donald J. Smith sold 191 shares of the stock in a transaction dated Friday, January 31st. The stock was 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 in the company, valued at approximately $1,349,728.38. This represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Johnson Varkey sold 124 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $234.96, for a total value of $29,135.04. Following the transaction, the senior vice president now owns 8,491 shares of the company’s stock, valued at approximately $1,995,045.36. This trade represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,577 shares of company stock valued at $21,662,464. 0.18% of the stock is owned by company insiders.

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.