Investors sold shares of Waste Management, Inc. (NYSE:WM) on strength during trading hours on Friday. $17.76 million flowed into the stock on the tick-up and $48.74 million flowed out of the stock on the tick-down, for a money net flow of $30.98 million out of the stock. Of all stocks tracked, Waste Management had the 25th highest net out-flow for the day. Waste Management traded up $1.04 for the day and closed at $77.12

WM has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price target on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. KeyCorp lifted their price target on shares of Waste Management from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 11th. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Thursday, June 22nd. Oppenheimer Holdings Inc. lifted their price target on shares of Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, July 5th. Finally, Credit Suisse Group lifted their price target on shares of Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $76.10.

The company has a market cap of $33.94 billion, a price-to-earnings ratio of 26.41 and a beta of 0.71. The stock has a 50-day moving average price of $75.65 and a 200 day moving average price of $73.65.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.81. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter last year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Waste Management, Inc. will post $3.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.20%. The ex-dividend date is Thursday, September 7th. Waste Management’s dividend payout ratio is 58.42%.

In other Waste Management news, Director Patrick W. Gross sold 487 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total transaction of $36,369.16. Following the transaction, the director now owns 23,222 shares in the company, valued at approximately $1,734,218.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Pope sold 453 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $74.38, for a total value of $33,694.14. Following the transaction, the director now owns 51,470 shares in the company, valued at approximately $3,828,338.60. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Waste Management by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 34,374,879 shares of the business services provider’s stock worth $2,521,397,000 after buying an additional 1,621,347 shares during the period. BlackRock Inc. increased its position in Waste Management by 4.9% during the 2nd quarter. BlackRock Inc. now owns 31,637,903 shares of the business services provider’s stock worth $2,320,637,000 after buying an additional 1,475,583 shares during the period. State Street Corp increased its position in Waste Management by 0.6% during the 1st quarter. State Street Corp now owns 21,287,562 shares of the business services provider’s stock worth $1,552,295,000 after buying an additional 134,152 shares during the period. Wells Fargo & Company MN increased its position in Waste Management by 5.2% during the 1st quarter. Wells Fargo & Company MN now owns 7,327,831 shares of the business services provider’s stock worth $534,346,000 after buying an additional 362,315 shares during the period. Finally, AQR Capital Management LLC increased its position in Waste Management by 10.2% during the 1st quarter. AQR Capital Management LLC now owns 5,614,368 shares of the business services provider’s stock worth $409,399,000 after buying an additional 518,270 shares during the period. Hedge funds and other institutional investors own 74.99% of the company’s stock.

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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.