Canandaigua National Corp Increases Stock Position in Waste Management, Inc. (NYSE:WM)

Canandaigua National Corp increased its position in Waste Management, Inc. (NYSE:WMGet Rating) by 6.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,386 shares of the business services provider’s stock after buying an additional 148 shares during the quarter. Canandaigua National Corp’s holdings in Waste Management were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. acquired a new stake in shares of Waste Management in the first quarter valued at about $32,000. GoalVest Advisory LLC raised its stake in shares of Waste Management by 2,030.0% during the second quarter. GoalVest Advisory LLC now owns 213 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 203 shares during the period. TFO TDC LLC acquired a new position in shares of Waste Management during the first quarter worth $34,000. James Reed Financial Services Inc. purchased a new position in shares of Waste Management in the fourth quarter valued at $37,000. Finally, Riverview Trust Co acquired a new stake in Waste Management during the 1st quarter valued at $41,000. Institutional investors and hedge funds own 74.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WM shares. Oppenheimer set a $160.00 price target on Waste Management in a research note on Tuesday, July 19th. Morgan Stanley lifted their target price on Waste Management from $160.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 20th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $164.86.

Insider Transactions at Waste Management

In other news, VP Michael J. Watson sold 8,971 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $169.83, for a total value of $1,523,544.93. Following the completion of the transaction, the vice president now directly owns 32,221 shares of the company’s stock, valued at approximately $5,472,092.43. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Michael J. Watson sold 8,971 shares of Waste Management stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $169.83, for a total value of $1,523,544.93. Following the completion of the transaction, the vice president now directly owns 32,221 shares of the company’s stock, valued at $5,472,092.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Devina A. Rankin sold 22,082 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $175.00, for a total transaction of $3,864,350.00. Following the transaction, the chief financial officer now owns 50,516 shares in the company, valued at approximately $8,840,300. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,067 shares of company stock worth $9,292,271. 0.18% of the stock is currently owned by company insiders.

Waste Management Trading Up 0.9 %

Shares of WM stock opened at $170.91 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 1.95. The stock has a 50-day simple moving average of $166.15 and a 200 day simple moving average of $159.56. Waste Management, Inc. has a fifty-two week low of $138.58 and a fifty-two week high of $175.98. The stock has a market capitalization of $70.64 billion, a P/E ratio of 33.38, a P/E/G ratio of 2.51 and a beta of 0.76.

Waste Management (NYSE:WMGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The business services provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.08. The business had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.84 billion. Waste Management had a return on equity of 30.69% and a net margin of 11.27%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $1.27 EPS. On average, sell-side analysts expect that Waste Management, Inc. will post 5.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $2.60 annualized dividend and a dividend yield of 1.52%. Waste Management’s dividend payout ratio is presently 50.78%.

Waste Management Company Profile

(Get Rating)

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

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

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