Trust Department MB Financial Bank N A Has $125,000 Stake in Waste Management, Inc. (WM)

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Trust Department MB Financial Bank N A reduced its stake in Waste Management, Inc. (NYSE:WM) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,402 shares of the business services provider’s stock after selling 147 shares during the period. Trust Department MB Financial Bank N A’s holdings in Waste Management were worth $125,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Park National Corp OH boosted its holdings in shares of Waste Management by 1.1% in the fourth quarter. Park National Corp OH now owns 10,654 shares of the business services provider’s stock worth $948,000 after acquiring an additional 115 shares during the period. Windward Capital Management Co. CA raised its position in shares of Waste Management by 2.3% in the third quarter. Windward Capital Management Co. CA now owns 25,359 shares of the business services provider’s stock worth $2,291,000 after buying an additional 563 shares in the last quarter. Exeter Financial LLC raised its position in shares of Waste Management by 3.5% in the second quarter. Exeter Financial LLC now owns 16,994 shares of the business services provider’s stock worth $1,382,000 after buying an additional 569 shares in the last quarter. Hall Laurie J Trustee raised its position in shares of Waste Management by 3.0% in the third quarter. Hall Laurie J Trustee now owns 20,055 shares of the business services provider’s stock worth $1,812,000 after buying an additional 575 shares in the last quarter. Finally, Charter Trust Co. raised its position in shares of Waste Management by 7.7% in the third quarter. Charter Trust Co. now owns 8,021 shares of the business services provider’s stock worth $725,000 after buying an additional 575 shares in the last quarter. 74.57% of the stock is owned by hedge funds and other institutional investors.

WM opened at $91.87 on Thursday. The stock has a market capitalization of $38.73 billion, a PE ratio of 28.53, a P/E/G ratio of 1.66 and a beta of 0.65. The company has a current ratio of 0.87, a quick ratio of 0.84 and a debt-to-equity ratio of 1.53. Waste Management, Inc. has a 12 month low of $78.39 and a 12 month high of $95.49.

Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.04. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. On average, analysts predict that Waste Management, Inc. will post 4.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were paid a $0.465 dividend. The ex-dividend date was Thursday, November 29th. This represents a $1.86 annualized dividend and a dividend yield of 2.02%. Waste Management’s payout ratio is presently 57.76%.

Waste Management announced that its board has initiated a stock buyback program on Thursday, December 13th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

WM has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. UBS Group set a $90.00 price objective on Waste Management and gave the stock a “hold” rating in a research report on Friday, October 26th. BMO Capital Markets lifted their price objective on Waste Management to $98.00 and gave the stock an “overweight” rating in a report on Monday, October 8th. They noted that the move was a valuation call. Oppenheimer reiterated a “buy” rating and issued a $95.00 price objective on shares of Waste Management in a report on Thursday, October 25th. Finally, Raymond James reiterated a “buy” rating on shares of Waste Management in a report on Monday, October 29th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $96.50.

In related news, CFO Devina A. Rankin sold 8,107 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $94.41, for a total value of $765,381.87. Following the sale, the chief financial officer now directly owns 21,373 shares of the company’s stock, valued at $2,017,824.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeff M. Harris sold 24,500 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $90.00, for a total value of $2,205,000.00. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

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About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

Further Reading: What does RSI mean?

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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