Waste Management, Inc. (NYSE:WM - Get Free Report) CAO John Carroll sold 47 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $245.30, for a total transaction of $11,529.10. Following the transaction, the chief accounting officer directly owned 8,983 shares in the company, valued at $2,203,529.90. The trade was a 0.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Waste Management Price Performance
Shares of NYSE WM opened at $235.21 on Wednesday. The business has a 50 day simple moving average of $228.70 and a 200-day simple moving average of $220.05. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a market capitalization of $94.87 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.60 and a beta of 0.57. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.22.
Waste Management (NYSE:WM - Get Free Report) last issued its earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.02). Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same period last year, the company posted $1.70 earnings per share. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.
Waste Management Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid 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 dividend yield of 1.6%. Waste Management's dividend payout ratio (DPR) is 49.25%.
Wall Street Analysts Forecast Growth
WM has been the topic of several analyst reports. DZ Bank assumed coverage on Waste Management in a research report on Tuesday, November 25th. They issued a "buy" rating and a $250.00 target price on the stock. Morgan Stanley dropped their price target on shares of Waste Management from $232.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 17th. Oppenheimer lifted their price objective on Waste Management from $263.00 to $264.00 and gave the company an "outperform" rating in a research report on Friday, January 30th. Stifel Nicolaus lifted 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. Finally, Wells Fargo & Company raised their price objective on shares of Waste Management from $246.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of "Moderate Buy" and an average price target of $253.55.
View Our Latest Stock Analysis on Waste Management
Institutional Investors Weigh In On Waste Management
Several hedge funds and other institutional investors have recently made changes to their positions in WM. Broadway Wealth Solutions Inc. boosted its stake in Waste Management by 2.8% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider's stock valued at $349,000 after purchasing an additional 44 shares during the period. Bey Douglas LLC increased its position in Waste Management by 3.7% in the 4th quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider's stock worth $271,000 after buying an additional 44 shares during the period. San Luis Wealth Advisors LLC lifted its holdings in shares of Waste Management by 2.4% during the fourth quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider's stock worth $422,000 after buying an additional 45 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its position in shares of 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 valued at $1,341,000 after acquiring an additional 45 shares during the period. Finally, Cassaday & Co Wealth Management LLC increased its position in Waste Management by 1.9% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider's stock worth $527,000 after acquiring an additional 45 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.
More Waste Management News
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Waste Management Company Profile
(
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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