Stock Yards Bank & Trust Co. Has $37.82 Million Stock Position in Waste Management, Inc. $WM

Stock Yards Bank & Trust Co. lessened its stake in shares of Waste Management, Inc. (NYSE:WM) by 1.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 164,573 shares of the business services provider’s stock after selling 3,190 shares during the quarter. Waste Management makes up 1.2% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 28th biggest holding. Stock Yards Bank & Trust Co.’s holdings in Waste Management were worth $37,817,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of WM. Broadway Wealth Solutions Inc. grew its position in Waste Management by 2.8% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock worth $349,000 after acquiring an additional 44 shares during the last quarter. Bey Douglas LLC boosted its stake in shares of Waste Management by 3.7% during the fourth quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 44 shares in the last quarter. San Luis Wealth Advisors LLC raised its holdings 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 valued at $422,000 after buying an additional 45 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its position in Waste Management by 0.7% during 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 buying an additional 45 shares during the period. Finally, Cassaday & Co Wealth Management LLC grew its holdings in Waste Management by 1.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock worth $527,000 after acquiring an additional 45 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Weiss Ratings cut shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Wells Fargo & Company decreased their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. TD Cowen raised their target price on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their target price on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $255.30.

Waste Management Stock Up 0.6%

Shares of NYSE WM opened at $224.31 on Thursday. The company has a market capitalization of $90.08 billion, a P/E ratio of 32.46, a price-to-earnings-growth ratio of 2.33 and a beta of 0.44. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The company’s 50 day moving average price is $220.16 and its 200-day moving average price is $225.28.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the company posted $1.67 earnings per share. Waste Management’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts forecast that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is presently 54.70%.

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.