Trade Report: Today, Tompkins Financial Corp Sold shares of Waste Management Inc. (WM)

Today, Tompkins Financial Corp Sold shares of Waste Management Inc. (WM)

Tompkins Financial Corp reduced its position in shares of Waste Management Inc. (NYSE:WM) by 0.2% during the third quarter, Holdings Channel reports. The firm owned 38,723 shares of the company’s stock after selling 86 shares during the period. Tompkins Financial Corp’s holdings in Waste Management were worth $2,469,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WM. Sabal Trust CO increased its stake in shares of Waste Management by 2.5% in the second quarter. Sabal Trust CO now owns 370,604 shares of the company’s stock worth $24,560,000 after buying an additional 9,088 shares during the period. PGGM Investments raised its position in Waste Management by 5.2% in the second quarter. PGGM Investments now owns 879,096 shares of the company’s stock worth $58,258,000 after buying an additional 43,136 shares in the last quarter. Franklin Street Advisors Inc. NC raised its position in Waste Management by 12.4% in the third quarter. Franklin Street Advisors Inc. NC now owns 80,892 shares of the company’s stock worth $5,158,000 after buying an additional 8,900 shares in the last quarter. Shell Asset Management Co. raised its position in Waste Management by 1.0% in the second quarter. Shell Asset Management Co. now owns 303,191 shares of the company’s stock worth $20,092,000 after buying an additional 3,081 shares in the last quarter. Finally, Vestor Capital LLC raised its position in Waste Management by 0.3% in the second quarter. Vestor Capital LLC now owns 118,787 shares of the company’s stock worth $7,872,000 after buying an additional 365 shares in the last quarter. Institutional investors and hedge funds own 72.96% of the company’s stock.

Waste Management Inc. (NYSE:WM) traded up 0.29% during mid-day trading on Monday, hitting $70.23. The stock had a trading volume of 1,514,667 shares. The stock has a 50 day moving average of $65.21 and a 200-day moving average of $64.46. Waste Management Inc. has a 1-year low of $50.36 and a 1-year high of $70.50. The firm has a market cap of $31.04 billion, a P/E ratio of 28.18 and a beta of 0.72.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, October 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. Waste Management had a return on equity of 24.07% and a net margin of 8.36%. The business earned $3.55 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the firm posted $0.74 EPS. Waste Management’s quarterly revenue was up 5.6% compared to the same quarter last year. Analysts predict that Waste Management Inc. will post $2.92 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be issued a $0.41 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.34%. Waste Management’s payout ratio is presently 65.34%.

A number of research analysts recently issued reports on WM shares. Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, September 27th. Bank of America Corp. upgraded Waste Management from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Monday, October 31st. Argus restated a “buy” rating and set a $72.00 price objective on shares of Waste Management in a research report on Wednesday, August 10th. Barclays PLC lowered Waste Management from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $66.00 to $70.00 in a research report on Tuesday, August 9th. Finally, Vetr lowered Waste Management from a “buy” rating to a “hold” rating and set a $68.25 price objective for the company. in a research report on Wednesday, November 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Waste Management has a consensus rating of “Hold” and a consensus target price of $68.23.

About Waste Management

Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.

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