Waste Management, Inc. (NYSE:WM) SVP Barry H. Caldwell sold 1,840 shares of Waste Management stock in a transaction on Friday, February 16th. The stock was sold at an average price of $84.10, for a total value of $154,744.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Waste Management, Inc. (NYSE WM) traded down $0.29 during midday trading on Tuesday, hitting $84.87. 2,650,000 shares of the stock were exchanged, compared to its average volume of 2,440,000. Waste Management, Inc. has a one year low of $70.08 and a one year high of $89.73. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.77 and a current ratio of 0.80. The firm has a market cap of $36,850.00, a P/E ratio of 14.68, a P/E/G ratio of 1.93 and a beta of 0.70.
Waste Management (NYSE:WM) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.02. Waste Management had a net margin of 13.45% and a return on equity of 25.48%. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. analysts expect that Waste Management, Inc. will post 4.04 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Waste Management by 2.2% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 247,060 shares of the business services provider’s stock valued at $21,321,000 after acquiring an additional 5,244 shares during the last quarter. Stony Point Wealth Management Inc. purchased a new stake in shares of Waste Management during the 4th quarter worth about $531,000. Sawtooth Solutions LLC purchased a new stake in shares of Waste Management during the 4th quarter worth about $233,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Waste Management by 45.1% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 25,728 shares of the business services provider’s stock worth $2,220,000 after purchasing an additional 8,000 shares during the period. Finally, WealthPLAN Partners LLC purchased a new stake in shares of Waste Management during the 4th quarter worth about $201,000. 75.70% of the stock is owned by institutional investors.
WM has been the subject of several research reports. Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Credit Suisse Group set a $90.00 price target on Waste Management and gave the stock a “buy” rating in a research note on Monday, October 30th. Oppenheimer boosted their target price on shares of Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. UBS Group raised shares of Waste Management from a “market perform” rating to an “outperform” rating in a research note on Friday. Finally, Stifel Nicolaus raised shares of Waste Management from a “hold” rating to a “buy” rating and boosted their target price for the company from $80.00 to $95.00 in a research note on Monday, December 11th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $86.90.
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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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