Key Points
- Rafael Carrasco sold 1,380 shares of Waste Management at an average price of $217.06 for about $299,543, reducing his stake by 8.16% to 15,540 shares (≈$3.37M).
- Waste Management declared a quarterly dividend of $0.825 (annualized $3.30), with an ex-dividend date of Dec 5 and payment on Dec 19, implying a yield of ~1.5% and a payout ratio near 52%.
- Q3 results missed estimates: EPS $1.98 vs. $2.01 expected and revenue $6.44B vs. $6.51B expected, though revenue was up 14.9% year-over-year; the stock trades around $216.71 and carries a consensus "Moderate Buy" with an average price target of $248.25.
Waste Management, Inc. (NYSE:WM - Get Free Report) SVP Rafael Carrasco sold 1,380 shares of the company's stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the sale, the senior vice president directly owned 15,540 shares of the company's stock, valued at approximately $3,373,112.40. This represents a 8.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Waste Management Trading Down 0.0%
Shares of WM traded down $0.09 during mid-day trading on Friday, reaching $216.71. The company's stock had a trading volume of 2,475,036 shares, compared to its average volume of 1,754,957. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58. The stock has a market cap of $87.31 billion, a PE ratio of 34.13, a P/E/G ratio of 2.51 and a beta of 0.62. The company's fifty day moving average price is $212.34 and its two-hundred day moving average price is $223.75. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.36.
Waste Management (NYSE:WM - Get Free Report) last issued its earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The business had revenue of $6.44 billion during the quarter, compared to analysts' expectations of $6.51 billion. During the same quarter in the previous year, the business earned $1.96 EPS. Waste Management's revenue for the quarter was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.
Waste Management Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, December 5th. Waste Management's payout ratio is 51.97%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. McAdam LLC boosted its stake in shares of Waste Management by 3.1% during the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider's stock valued at $343,000 after purchasing an additional 44 shares in the last quarter. Syntegra Private Wealth Group LLC lifted its holdings in Waste Management by 2.0% in the second quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider's stock worth $524,000 after buying an additional 44 shares during the period. Harbour Trust & Investment Management Co boosted its position in Waste Management by 1.1% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider's stock valued at $943,000 after acquiring an additional 45 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Waste Management by 3.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider's stock worth $349,000 after acquiring an additional 46 shares during the period. Finally, KWB Wealth raised its position in shares of Waste Management by 1.3% in the 2nd quarter. KWB Wealth now owns 3,607 shares of the business services provider's stock worth $835,000 after acquiring an additional 47 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on WM. Barclays reduced their price target on Waste Management from $271.00 to $266.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 29th. Oppenheimer restated an "outperform" rating and issued a $262.00 target price on shares of Waste Management in a report on Wednesday, October 29th. JPMorgan Chase & Co. decreased their target price on shares of Waste Management from $277.00 to $255.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 29th. William Blair reissued an "outperform" rating on shares of Waste Management in a research report on Tuesday, July 29th. Finally, Erste Group Bank lowered shares of Waste Management from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Waste Management currently has a consensus rating of "Moderate Buy" and an average price target of $248.25.
Read Our Latest Analysis on Waste Management
Waste Management Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
