Waste Management, Inc. (WM) SVP Sells $133,815.00 in Stock

Waste Management, Inc. (NYSE:WM) SVP Barry H. Caldwell sold 1,650 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total value of $133,815.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Waste Management, Inc. (NYSE:WM) opened at $81.81 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71. The stock has a market capitalization of $35,523.21, a PE ratio of 26.22, a P/E/G ratio of 2.66 and a beta of 0.75. Waste Management, Inc. has a 1 year low of $68.84 and a 1 year high of $82.97.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.71 billion. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS. equities analysts predict that Waste Management, Inc. will post 3.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.70 annualized dividend and a yield of 2.08%. Waste Management’s payout ratio is presently 54.84%.

A number of institutional investors have recently bought and sold shares of the business. DnB Asset Management AS boosted its stake in shares of Waste Management by 0.7% in the second quarter. DnB Asset Management AS now owns 45,994 shares of the business services provider’s stock worth $3,374,000 after buying an additional 300 shares during the last quarter. Copper Rock Capital Partners LLC boosted its stake in shares of Waste Management by 73.0% in the second quarter. Copper Rock Capital Partners LLC now owns 9,503 shares of the business services provider’s stock worth $674,000 after buying an additional 4,010 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of Waste Management by 88.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,802 shares of the business services provider’s stock worth $132,000 after buying an additional 847 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Waste Management by 51.0% in the second quarter. Koshinski Asset Management Inc. now owns 4,829 shares of the business services provider’s stock worth $354,000 after buying an additional 1,631 shares during the last quarter. Finally, Atria Investments LLC boosted its stake in shares of Waste Management by 38.2% in the second quarter. Atria Investments LLC now owns 14,348 shares of the business services provider’s stock worth $1,052,000 after buying an additional 3,968 shares during the last quarter. Institutional investors and hedge funds own 75.13% of the company’s stock.

WM has been the subject of several recent research reports. BMO Capital Markets reissued a “buy” rating and issued a $82.00 price target on shares of Waste Management in a research report on Friday, September 8th. Stifel Nicolaus lowered Waste Management from a “buy” rating to a “hold” rating and reduced their target price for the company from $85.00 to $80.00 in a research report on Wednesday, October 4th. Zacks Investment Research lowered Waste Management from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Bank of America reduced their target price on Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Finally, KeyCorp upped their target price on Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $81.81.

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Waste Management Company Profile

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

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