Waste Management, Inc. (NYSE:WM - Get Free Report) SVP Tara Hemmer sold 4,818 shares of the company's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $241.83, for a total transaction of $1,165,136.94. Following the completion of the sale, the senior vice president directly owned 78,918 shares of the company's stock, valued at $19,084,739.94. This trade represents a 5.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Waste Management Stock Performance
Waste Management stock opened at $243.36 on Wednesday. The firm has a fifty day simple moving average of $226.50 and a two-hundred day simple moving average of $219.49. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $244.88. The company has a market capitalization of $98.16 billion, a PE ratio of 36.32, a P/E/G ratio of 2.57 and a beta of 0.57.
Waste Management (NYSE:WM - Get Free Report) last announced 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 company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same period last year, the business posted $1.70 earnings per share. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.
Waste Management Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a $0.945 dividend. The ex-dividend date is Friday, March 13th. This is an increase from Waste Management's previous quarterly dividend of $0.83. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management's dividend payout ratio is presently 49.25%.
More Waste Management News
Here are the key news stories impacting Waste Management this week:
- Positive Sentiment: WM declared a quarterly cash dividend of $0.945 per share payable March 27 (record date March 13). The cash return and the predictable dividend schedule support income-focused demand and reinforce the company’s cash generation narrative. WM Announces Cash Dividend
- Neutral Sentiment: Industry/peer news: a third‑party hazardous waste vendor celebrated an anniversary — a sector-level item with limited direct impact on WM’s fundamentals or near-term stock movement. All Clean Hazardous Waste Removal Celebrates Over 12 Years
- Negative Sentiment: Several insiders sold shares on March 2 — including VP Michael J. Watson (17,251 shares at ~$241.81, a ~28.1% cut to his stake) and SVP Tara J. Hemmer (4,818 shares at ~$241.83). Smaller sales were filed by senior executives including the CFO. Large officer sales can create short-term selling pressure or signal portfolio rebalancing; investors will watch whether sales continue. Insider Sale SEC Filing (Michael J. Watson)
Analysts Set New Price Targets
WM has been the topic of several recent analyst reports. DZ Bank initiated coverage on shares of Waste Management in a report on Tuesday, November 25th. They issued a "buy" rating and a $250.00 target price on the stock. Robert W. Baird raised shares of Waste Management from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $238.00 to $242.00 in a report on Tuesday, November 4th. Barclays decreased their price objective on shares of Waste Management from $266.00 to $265.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 20th. Wells Fargo & Company increased their target price on shares of Waste Management from $246.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, January 30th. Finally, Stifel Nicolaus boosted their price target on Waste Management from $236.00 to $252.00 and gave the company a "buy" rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Waste Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $253.55.
View Our Latest Report on WM
Institutional Investors Weigh In On Waste Management
A number of large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Waste Management in the fourth quarter worth about $1,022,916,000. Vontobel Holding Ltd. raised its position in shares of Waste Management by 444.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 2,206,026 shares of the business services provider's stock worth $487,157,000 after acquiring an additional 1,800,728 shares in the last quarter. Sustainable Growth Advisers LP lifted its stake in shares of Waste Management by 55.5% in the 2nd quarter. Sustainable Growth Advisers LP now owns 2,897,636 shares of the business services provider's stock valued at $663,037,000 after purchasing an additional 1,034,258 shares during the period. Capital International Investors boosted its position in shares of Waste Management by 218.3% during the third quarter. Capital International Investors now owns 1,369,805 shares of the business services provider's stock valued at $302,494,000 after purchasing an additional 939,455 shares in the last quarter. Finally, Holocene Advisors LP grew its stake in Waste Management by 163.7% in the third quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider's stock worth $309,317,000 after purchasing an additional 869,453 shares during the period. Institutional investors own 80.40% of the company's stock.
About Waste Management
(
Get Free Report)
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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