Waste Management, Inc. (NYSE:WM) CFO Devina A. Rankin sold 8,107 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $94.41, for a total value of $765,381.87. Following the transaction, the chief financial officer now owns 21,373 shares of the company’s stock, valued at approximately $2,017,824.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of WM stock opened at $91.21 on Friday. The firm has a market capitalization of $39.49 billion, a P/E ratio of 28.33, a PEG ratio of 1.82 and a beta of 0.64. Waste Management, Inc. has a twelve month low of $78.39 and a twelve month high of $95.49. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.84 and a current ratio of 0.87.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.04. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. As a group, equities analysts anticipate that Waste Management, Inc. will post 4.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.465 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.86 annualized dividend and a yield of 2.04%. Waste Management’s payout ratio is 57.76%.

Hedge funds have recently modified their holdings of the stock. Windward Capital Management Co. CA grew its stake in shares of Waste Management by 2.3% in the third quarter. Windward Capital Management Co. CA now owns 25,359 shares of the business services provider’s stock worth $2,291,000 after acquiring an additional 563 shares during the last quarter. Exeter Financial LLC grew its stake in shares of Waste Management by 3.5% in the second quarter. Exeter Financial LLC now owns 16,994 shares of the business services provider’s stock worth $1,382,000 after acquiring an additional 569 shares during the last quarter. Hall Laurie J Trustee grew its stake in shares of Waste Management by 3.0% in the third quarter. Hall Laurie J Trustee now owns 20,055 shares of the business services provider’s stock worth $1,812,000 after acquiring an additional 575 shares during the last quarter. Charter Trust Co. grew its stake in shares of Waste Management by 7.7% in the third quarter. Charter Trust Co. now owns 8,021 shares of the business services provider’s stock worth $725,000 after acquiring an additional 575 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Waste Management by 0.7% in the third quarter. State of Alaska Department of Revenue now owns 78,651 shares of the business services provider’s stock worth $7,105,000 after acquiring an additional 583 shares during the last quarter. 75.16% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on the company. ValuEngine upgraded Waste Management from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Zacks Investment Research restated a “hold” rating and set a $103.00 target price on shares of Waste Management in a report on Saturday, November 17th. Goldman Sachs Group upgraded Waste Management from a “sell” rating to a “buy” rating and upped their target price for the company from $84.00 to $107.00 in a report on Tuesday. Oppenheimer restated a “buy” rating and set a $95.00 target price on shares of Waste Management in a report on Thursday, October 25th. Finally, Raymond James reaffirmed a “buy” rating on shares of Waste Management in a research note on Monday, October 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Waste Management currently has a consensus rating of “Buy” and an average price target of $98.14.

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About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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