Waste Management, Inc. (WM) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 12.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,349 shares of the business services provider’s stock after selling 750 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Waste Management were worth $392,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bank of Nova Scotia increased its stake in shares of Waste Management by 23.4% during the first quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock valued at $30,005,000 after buying an additional 78,100 shares during the period. Intersect Capital LLC increased its stake in shares of Waste Management by 33.1% during the second quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock valued at $1,774,000 after buying an additional 6,009 shares during the period. Global X Management Co. LLC increased its stake in shares of Waste Management by 28.6% during the first quarter. Global X Management Co. LLC now owns 5,037 shares of the business services provider’s stock valued at $367,000 after buying an additional 1,121 shares during the period. Aviva PLC increased its stake in shares of Waste Management by 1.0% during the second quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock valued at $20,328,000 after buying an additional 2,710 shares during the period. Finally, World Asset Management Inc increased its stake in shares of Waste Management by 17.2% during the first quarter. World Asset Management Inc now owns 45,871 shares of the business services provider’s stock valued at $3,345,000 after buying an additional 6,748 shares during the period. Institutional investors and hedge funds own 74.93% of the company’s stock.

Several brokerages have recently commented on WM. Zacks Investment Research lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. BMO Capital Markets restated a “buy” rating and set a $82.00 price target on shares of Waste Management in a research note on Friday, September 8th. Credit Suisse Group raised their price target on Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, June 28th. Finally, Stifel Nicolaus raised their price target on Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Waste Management has an average rating of “Hold” and a consensus price target of $76.19.

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In other news, Director Patrick W. Gross sold 487 shares of the stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total value of $36,369.16. Following the transaction, the director now owns 23,222 shares in the company, valued at approximately $1,734,218.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John C. Pope sold 453 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $74.38, for a total value of $33,694.14. Following the completion of the transaction, the director now owns 51,470 shares in the company, valued at approximately $3,828,338.60. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Waste Management, Inc. (NYSE:WM) traded up 0.23% during trading on Wednesday, reaching $78.44. The company’s stock had a trading volume of 228,524 shares. The stock has a market capitalization of $34.52 billion, a PE ratio of 26.86 and a beta of 0.71. Waste Management, Inc. has a 1-year low of $61.08 and a 1-year high of $78.71. The stock has a 50 day moving average price of $76.29 and a 200 day moving average price of $73.93.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.81. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.62 billion. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. Waste Management’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. Analysts anticipate that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, September 7th. Waste Management’s dividend payout ratio is currently 58.42%.

Waste Management Company Profile

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

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

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