Home Federal Bank of Tennessee Sells 330 Shares of Waste Management, Inc. (NYSE:WM)

Home Federal Bank of Tennessee trimmed its position in Waste Management, Inc. (NYSE:WM) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,117 shares of the business services provider’s stock after selling 330 shares during the period. Waste Management accounts for 1.0% of Home Federal Bank of Tennessee’s investment portfolio, making the stock its 14th biggest position. Home Federal Bank of Tennessee’s holdings in Waste Management were worth $3,454,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WM. Activest Wealth Management raised its position in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares in the last quarter. Global Wealth Strategies & Associates raised its position in Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the period. General Partner Inc. purchased a new position in Waste Management in the 4th quarter worth $29,000. Sugar Maple Asset Management LLC purchased a new position in Waste Management in the 4th quarter worth $35,000. Finally, Richardson Financial Services Inc. raised its position in Waste Management by 65.7% in the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock worth $35,000 after purchasing an additional 69 shares during the period. 80.40% of the stock is owned by institutional investors.

Waste Management Price Performance

Shares of WM opened at $220.10 on Monday. The company has a market capitalization of $88.34 billion, a P/E ratio of 32.37, a price-to-earnings-growth ratio of 2.57 and a beta of 0.78. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The firm has a 50 day moving average of $212.19 and a 200 day moving average of $211.24. Waste Management, Inc. has a twelve month low of $184.72 and a twelve month high of $230.39.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. As a group, equities research analysts anticipate that Waste Management, Inc. will post 7.92 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is currently 44.12%.

Insider Buying and Selling

In other news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the transaction, the director now owns 3,875 shares in the company, valued at $834,946.25. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WM. UBS Group lifted their target price on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Raymond James raised their price target on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday. Jefferies Financial Group cut their price target on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Royal Bank of Canada raised their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus boosted their price target on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $232.61.

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.