First Horizon Corp Has $9.07 Million Holdings in Waste Management, Inc. $WM

First Horizon Corp increased its position in shares of Waste Management, Inc. (NYSE:WM) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,301 shares of the business services provider’s stock after acquiring an additional 4,207 shares during the quarter. First Horizon Corp’s holdings in Waste Management were worth $9,074,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. San Luis Wealth Advisors LLC lifted its stake in Waste Management by 2.4% in the 4th quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock worth $422,000 after acquiring an additional 45 shares in the last quarter. Birch Hill Investment Advisors LLC lifted its stake in Waste Management by 0.7% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock worth $1,341,000 after acquiring an additional 45 shares in the last quarter. Old Port Advisors boosted its stake in shares of Waste Management by 0.3% during the 4th quarter. Old Port Advisors now owns 16,963 shares of the business services provider’s stock valued at $3,727,000 after buying an additional 46 shares during the period. Gladstone Institutional Advisory LLC boosted its stake in shares of Waste Management by 1.3% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 3,853 shares of the business services provider’s stock valued at $851,000 after buying an additional 49 shares during the period. Finally, Clean Yield Group grew its stake in shares of Waste Management by 6.7% in the 3rd quarter. Clean Yield Group now owns 801 shares of the business services provider’s stock valued at $177,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on WM. Wells Fargo & Company boosted their price target on Waste Management from $250.00 to $273.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Citigroup lowered their target price on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Oppenheimer increased their target price on shares of Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Robert W. Baird increased their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, UBS Group raised shares of Waste Management from a “neutral” rating to a “buy” rating and increased their target price for the stock from $225.00 to $260.00 in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.64.

Insider Activity at Waste Management

In other news, SVP Tara J. Hemmer sold 4,818 shares of Waste Management stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $241.83, for a total transaction of $1,165,136.94. Following the sale, the senior vice president owned 78,918 shares of the company’s stock, valued at approximately $19,084,739.94. This trade represents a 5.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John J. Morris sold 4,211 shares of Waste Management stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $243.38, for a total value of $1,024,873.18. Following the sale, the chief operating officer directly owned 99,929 shares in the company, valued at $24,320,720.02. The trade was a 4.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 98,042 shares of company stock worth $23,039,777 in the last three months. Company insiders own 0.18% of the company’s stock.

Waste Management Price Performance

NYSE WM opened at $223.97 on Friday. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.85 and a current ratio of 0.89. The stock has a market capitalization of $90.24 billion, a PE ratio of 33.43, a P/E/G ratio of 2.37 and a beta of 0.54. The stock has a 50-day simple moving average of $233.24 and a 200 day simple moving average of $222.11.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.39 billion. During the same period last year, the company earned $1.70 earnings per share. Waste Management’s revenue for the quarter was up 7.1% on a year-over-year basis. Research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, March 13th. This is a boost from Waste Management’s previous quarterly dividend of $0.83. Waste Management’s payout ratio is 56.42%.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.