Park National Corp OH grew its holdings in Waste Management, Inc. (NYSE:WM) by 11.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,372 shares of the business services provider’s stock after purchasing an additional 14,087 shares during the quarter. Park National Corp OH’s holdings in Waste Management were worth $15,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in WM. Public Employees Retirement Association of Colorado lifted its stake in shares of Waste Management by 3.0% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 79,792 shares of the business services provider’s stock valued at $7,386,000 after purchasing an additional 2,299 shares during the period. Wesbanco Bank Inc. raised its stake in Waste Management by 23.2% during the 1st quarter. Wesbanco Bank Inc. now owns 4,099 shares of the business services provider’s stock worth $380,000 after buying an additional 771 shares during the period. Lido Advisors LLC raised its stake in Waste Management by 46.6% during the 1st quarter. Lido Advisors LLC now owns 3,605 shares of the business services provider’s stock worth $334,000 after buying an additional 1,146 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in Waste Management by 2.4% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 540,532 shares of the business services provider’s stock worth $50,032,000 after buying an additional 12,624 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Waste Management during the 1st quarter worth approximately $779,000. 71.42% of the stock is currently owned by institutional investors.
In other Waste Management news, Director Frank M. Clark sold 315 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $106.95, for a total transaction of $33,689.25. Following the completion of the transaction, the director now directly owns 32,586 shares of the company’s stock, valued at $3,485,072.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by corporate insiders.
Shares of WM stock traded down $0.28 during trading on Thursday, hitting $112.89. The company’s stock had a trading volume of 1,510,331 shares, compared to its average volume of 2,312,085. The company has a market cap of $47.69 billion, a PE ratio of 29.87, a P/E/G ratio of 4.70 and a beta of 0.73. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 1.39. The business has a fifty day moving average of $112.93 and a 200-day moving average of $104.97. Waste Management, Inc. has a 52 week low of $85.34 and a 52 week high of $126.79.
Waste Management (NYSE:WM) last released its earnings results on Thursday, July 30th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.50 billion. Waste Management had a return on equity of 25.84% and a net margin of 10.66%. As a group, research analysts predict that Waste Management, Inc. will post 3.83 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 1.93%. The ex-dividend date was Thursday, September 3rd. Waste Management’s dividend payout ratio (DPR) is 49.55%.
About Waste Management
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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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