Park National Corp OH Acquires 1,660 Shares of Waste Management, Inc. (NYSE:WM)

Park National Corp OH boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 208,515 shares of the business services provider’s stock after purchasing an additional 1,660 shares during the quarter. Waste Management comprises 1.5% of Park National Corp OH’s portfolio, making the stock its 15th biggest holding. Park National Corp OH owned 0.05% of Waste Management worth $42,076,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Activest Wealth Management lifted its holdings in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after buying an additional 120 shares in the last quarter. Global Wealth Strategies & Associates boosted its holdings in shares of Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. General Partner Inc. purchased a new position in shares of Waste Management during the fourth quarter valued at about $29,000. Fairway Wealth LLC increased its holdings in shares of Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Finally, Fairscale Capital LLC bought a new position in Waste Management during the second quarter valued at approximately $39,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WM shares. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a report on Saturday. Truist Financial increased their price objective on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer boosted their target price on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Stifel Nicolaus increased their price target on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $230.72.

Waste Management Trading Up 0.7 %

Shares of WM opened at $203.24 on Wednesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The firm has a market capitalization of $81.57 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.36 and a beta of 0.77. The company has a 50-day moving average of $215.27 and a 200 day moving average of $211.45. Waste Management, Inc. has a 1-year low of $176.68 and a 1-year high of $230.39.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. Waste Management’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. On average, research analysts expect that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.48%. Waste Management’s dividend payout ratio is currently 45.87%.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.