Key Points
- SVP Kimberly Stith sold 157 Waste Management shares on Jan. 30 at an average price of $219.65 for $34,485.05, trimming her holding to 4,776 shares (a 3.18% reduction); the sale was disclosed in an SEC filing.
- Quarterly results slightly missed expectations: Waste Management reported EPS of $1.93 vs. $1.95 expected and revenue of $6.31 billion vs. $6.39 billion, though revenue was up 7.1% year-over-year.
- Analysts bullish and steady dividend: Multiple firms raised price targets (roughly $235–$270) giving a consensus "Moderate Buy" with an average target of $253.55, and the company pays a $0.825 quarterly dividend ($3.30 annual, ~1.5% yield, DPR ~49%).
Waste Management, Inc. (NYSE:WM - Get Free Report) SVP Kimberly Stith sold 157 shares of the company's stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $219.65, for a total transaction of $34,485.05. Following the completion of the transaction, the senior vice president owned 4,776 shares in the company, valued at approximately $1,049,048.40. This represents a 3.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Waste Management Trading Up 0.4%
Waste Management stock opened at $223.18 on Tuesday. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 2.22. The stock has a market cap of $89.91 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.56 and a beta of 0.58. The company's fifty day simple moving average is $219.48 and its 200-day simple moving average is $219.16.
Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.02). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same period in the previous year, the business posted $1.70 EPS. Waste Management's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.
Waste Management Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management's dividend payout ratio (DPR) is presently 49.25%.
Institutional Trading of Waste Management
Institutional investors have recently bought and sold shares of the business. Syntegra Private Wealth Group LLC increased 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 valued at $524,000 after purchasing an additional 44 shares during the last quarter. Broadway Wealth Solutions Inc. raised its position in shares of Waste Management by 2.8% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider's stock valued at $349,000 after acquiring an additional 44 shares during the period. Harbour Trust & Investment Management Co boosted its stake 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 worth $943,000 after acquiring an additional 45 shares during the last quarter. San Luis Wealth Advisors LLC increased its stake in Waste Management by 2.4% in the fourth quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider's stock valued at $422,000 after purchasing an additional 45 shares in the last quarter. Finally, Birch Hill Investment Advisors LLC raised its holdings in Waste Management by 0.7% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider's stock worth $1,341,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 80.40% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on WM shares. Wells Fargo & Company upped their price target on shares of Waste Management from $246.00 to $250.00 and gave the company an "overweight" rating in a report on Friday. Truist Financial set a $260.00 price objective on Waste Management in a research report on Wednesday, October 29th. Robert W. Baird upgraded Waste Management from a "neutral" rating to an "outperform" rating and upped their target price for the company from $238.00 to $242.00 in a research note on Tuesday, November 4th. JPMorgan Chase & Co. lifted their price target on shares of Waste Management from $255.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, December 1st. Finally, TD Cowen increased their price objective on shares of Waste Management from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $253.55.
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About Waste Management
(
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Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.
Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.
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