Tara J. Hemmer Sells 4,576 Shares of Waste Management, Inc. (NYSE:WM) Stock

Waste Management, Inc. (NYSE:WM) SVP Tara J. Hemmer sold 4,576 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the transaction, the senior vice president now directly owns 58,765 shares in the company, valued at approximately $13,052,881.80. This represents a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Waste Management Stock Up 0.0 %

Shares of Waste Management stock opened at $224.77 on Friday. The business’s 50 day simple moving average is $211.98 and its 200 day simple moving average is $211.34. Waste Management, Inc. has a 52-week low of $187.48 and a 52-week high of $230.39. The firm has a market cap of $90.22 billion, a PE ratio of 33.06, a P/E/G ratio of 2.57 and a beta of 0.78. 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 (NYSE:WM) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. On average, analysts predict that Waste Management, Inc. will post 7.92 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is 44.12%.

Institutional Trading of Waste Management

A number of institutional investors have recently modified their holdings of WM. Vestmark Advisory Solutions Inc. lifted its position in shares of Waste Management by 29.0% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 3,797 shares of the business services provider’s stock worth $766,000 after buying an additional 854 shares during the last quarter. Freestone Capital Holdings LLC increased its stake in shares of Waste Management by 5.5% in the fourth quarter. Freestone Capital Holdings LLC now owns 1,417 shares of the business services provider’s stock valued at $286,000 after buying an additional 74 shares during the period. McDonough Capital Management Inc increased its stake in shares of Waste Management by 7.6% in the fourth quarter. McDonough Capital Management Inc now owns 26,569 shares of the business services provider’s stock valued at $5,362,000 after buying an additional 1,875 shares during the period. Inceptionr LLC grew its stake in Waste Management by 495.6% during the fourth quarter. Inceptionr LLC now owns 11,816 shares of the business services provider’s stock worth $2,384,000 after purchasing an additional 9,832 shares during the period. Finally, GPM Growth Investors Inc. grew its stake in Waste Management by 144.2% during the fourth quarter. GPM Growth Investors Inc. now owns 11,045 shares of the business services provider’s stock worth $2,229,000 after purchasing an additional 6,522 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WM shares. William Blair reissued an “outperform” rating on shares of Waste Management in a research note on Friday, January 31st. Royal Bank of Canada raised their price objective on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Truist Financial raised their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their target price on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com cut shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $234.50.

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.