Waste Management, Inc. (NYSE:WM) CAO Sells $46,094.95 in Stock

Waste Management, Inc. (NYSE:WM) CAO John A. Carroll sold 209 shares of Waste Management stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.55, for a total transaction of $46,094.95. Following the completion of the transaction, the chief accounting officer now owns 9,066 shares of the company’s stock, valued at $1,999,506.30. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Waste Management Trading Up 1.6 %

Shares of WM opened at $223.89 on Tuesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a fifty-two week low of $187.20 and a fifty-two week high of $230.39. The firm has a 50 day moving average price of $212.19 and a 200-day moving average price of $211.24. The firm has a market cap of $89.86 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 2.57 and a beta of 0.78.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. As a group, equities research analysts forecast that Waste Management, Inc. will post 7.92 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.34%. Waste Management’s payout ratio is currently 44.12%.

Analysts Set New Price Targets

WM has been the subject of several recent research reports. Scotiabank lifted their price target on Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a research report on Monday. Oppenheimer upped their price target on Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Financial Group cut their price objective on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Truist Financial increased their target price on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, UBS Group boosted their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $234.50.

Institutional Trading of Waste Management

A number of institutional investors have recently made changes to their positions in the stock. Activest Wealth Management raised its holdings in Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares during the last quarter. Global Wealth Strategies & Associates raised its stake in shares of Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. General Partner Inc. purchased a new stake in shares of Waste Management during the fourth quarter worth about $29,000. Sugar Maple Asset Management LLC bought a new stake in shares of Waste Management in the fourth quarter worth about $35,000. Finally, Richardson Financial Services Inc. increased its holdings in Waste Management by 65.7% during the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

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.