Insider Selling: Waste Management, Inc. (NYSE:WM) Director Sells 310 Shares of Stock

Waste Management, Inc. (NYSE:WM) Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction dated 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Waste Management Trading Up 0.6 %

WM traded up $1.34 during midday trading on Tuesday, hitting $215.58. 540,505 shares of the company were exchanged, compared to its average volume of 1,613,559. The firm’s 50 day moving average price is $209.44 and its 200-day moving average price is $208.94. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $86.53 billion, a P/E ratio of 32.96, a P/E/G ratio of 2.26 and a beta of 0.74. Waste Management, Inc. has a 1-year low of $167.78 and a 1-year high of $225.00.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $1.63 EPS. As a group, equities analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is currently 45.87%.

Hedge Funds Weigh In On Waste Management

A number of large investors have recently modified their holdings of WM. International Assets Investment Management LLC lifted its position in Waste Management by 94,414.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after acquiring an additional 2,588,842 shares in the last quarter. Sustainable Growth Advisers LP purchased a new position in Waste Management during the 1st quarter worth $300,594,000. Capital World Investors grew its stake in shares of Waste Management by 44.6% in the 1st quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock worth $900,957,000 after acquiring an additional 1,303,466 shares in the last quarter. Swedbank AB bought a new position in shares of Waste Management during the first quarter valued at about $193,955,000. Finally, Wulff Hansen & CO. grew its position in Waste Management by 20,402.6% in the 2nd quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock worth $185,196,000 after purchasing an additional 863,846 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WM. StockNews.com cut Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group upgraded Waste Management to a “strong-buy” rating in a report on Friday, July 26th. CIBC increased their price target on shares of Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial raised their price objective on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Eleven equities research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $226.11.

Waste Management Company Profile

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.