Waste Management, Inc. (NYSE:WM) Director Sells $66,795.70 in Stock

Waste Management, Inc. (NYSE:WM) Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the sale, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Waste Management Trading Up 0.6 %

Shares of NYSE WM traded up $1.34 during midday trading on Tuesday, hitting $215.58. The stock had a trading volume of 540,505 shares, compared to its average volume of 1,613,559. The company has a fifty day moving average price of $209.44 and a 200 day moving average price of $208.94. Waste Management, Inc. has a 1-year low of $167.78 and a 1-year high of $225.00. 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 company has a market capitalization of $86.53 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 2.26 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter last year, the firm earned $1.63 EPS. Waste Management’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Dividend Announcement

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

Institutional Investors Weigh In On Waste Management

A number of institutional investors have recently bought and sold shares of the business. Norden Group LLC acquired a new position in shares of Waste Management during the 1st quarter worth $418,000. Mutual Advisors LLC increased its stake in shares of Waste Management by 5.5% in the first quarter. Mutual Advisors LLC now owns 10,733 shares of the business services provider’s stock worth $2,288,000 after purchasing an additional 556 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Waste Management during the 1st quarter valued at approximately $347,000. Larson Financial Group LLC lifted its holdings in shares of Waste Management by 4.4% during the first quarter. Larson Financial Group LLC now owns 1,228 shares of the business services provider’s stock worth $262,000 after buying an additional 52 shares during the last quarter. Finally, Avidian Wealth Solutions LLC increased its position in Waste Management by 3.8% during the first quarter. Avidian Wealth Solutions LLC now owns 3,547 shares of the business services provider’s stock worth $756,000 after acquiring an additional 131 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. UBS Group lifted their price objective on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. William Blair began coverage on shares of Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating for the company. BMO Capital Markets increased their price objective on 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, JPMorgan Chase & Co. increased their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eleven 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 company. Based on data from MarketBeat, the stock presently has a consensus 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.