First County Bank CT Has $228,000 Stock Holdings in Waste Management, Inc. (NYSE:WM)

First County Bank CT boosted its position in Waste Management, Inc. (NYSE:WM) by 8.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,132 shares of the business services provider’s stock after purchasing an additional 91 shares during the period. First County Bank CT’s holdings in Waste Management were worth $228,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of WM. Aberdeen Wealth Management LLC lifted its stake in shares of Waste Management by 1.1% during the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock worth $857,000 after buying an additional 45 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in shares of Waste Management by 3.9% during the third 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 period. Benchmark Financial Wealth Advisors LLC grew its position in shares of Waste Management by 1.9% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock valued at $546,000 after purchasing an additional 49 shares during the last quarter. Balboa Wealth Partners lifted its holdings in Waste Management by 4.1% during the 3rd quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock worth $256,000 after purchasing an additional 49 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its stake in Waste Management by 3.8% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,380 shares of the business services provider’s stock valued at $294,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

WM has been the topic of several recent research reports. William Blair began coverage on Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Stifel Nicolaus raised their price target on shares of Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada boosted their price objective on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Truist Financial lifted their price target on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets increased their price target on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $230.72.

Waste Management Price Performance

Shares of NYSE:WM opened at $203.24 on Wednesday. Waste Management, Inc. has a one year low of $176.68 and a one year high of $230.39. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The company has a market cap of $81.57 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.36 and a beta of 0.77. The firm has a 50 day simple moving average of $215.27 and a 200 day simple moving average of $211.45.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the prior year, the company earned $1.63 EPS. Waste Management’s revenue was up 7.9% compared to the same quarter last year. Research analysts predict that Waste Management, Inc. will post 7.32 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is currently 45.87%.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now directly owns 3,875 shares in the company, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

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.