Traders Sell Shares of Waste Management (WM) on Strength (WM)

Investors sold shares of Waste Management, Inc. (NYSE:WM) on strength during trading on Tuesday. $20.46 million flowed into the stock on the tick-up and $48.59 million flowed out of the stock on the tick-down, for a money net flow of $28.13 million out of the stock. Of all companies tracked, Waste Management had the 0th highest net out-flow for the day. Waste Management traded up $0.17 for the day and closed at $83.32

Several brokerages have recently commented on WM. BMO Capital Markets upped their price objective on shares of Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Oppenheimer upped their price objective on shares of Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Credit Suisse Group set a $90.00 price objective on shares of Waste Management and gave the stock a “buy” rating in a report on Monday, October 30th. Bank of America decreased their price objective on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, October 5th. Finally, Zacks Investment Research upgraded shares of Waste Management from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Waste Management has an average rating of “Buy” and an average target price of $81.81.

The company has a market capitalization of $35,523.23, a price-to-earnings ratio of 26.22, a PEG ratio of 2.66 and a beta of 0.75. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68.

Waste Management (NYSE:WM) last released its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.71 billion. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. analysts expect that Waste Management, Inc. will post 3.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.70 dividend on an annualized basis and a yield of 2.04%. Waste Management’s dividend payout ratio (DPR) is presently 54.84%.

In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total transaction of $133,815.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in WM. Shine Investment Advisory Services Inc. purchased a new stake in shares of Waste Management in the 2nd quarter valued at approximately $101,000. Bruderman Asset Management LLC purchased a new stake in shares of Waste Management in the 2nd quarter valued at approximately $110,000. FTB Advisors Inc. increased its position in shares of Waste Management by 4.3% in the 2nd quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 65 shares during the last quarter. First Interstate Bank increased its position in shares of Waste Management by 2.4% in the 2nd quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 38 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Waste Management by 25.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 340 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

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About Waste Management

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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