Waste Management (NYSE:WM) CAO John Carroll Sells 47 Shares

Waste Management, Inc. (NYSE:WMGet Free Report) CAO John Carroll sold 47 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $245.30, for a total value of $11,529.10. Following the completion of the transaction, the chief accounting officer owned 8,983 shares in the company, valued at approximately $2,203,529.90. The trade was a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Waste Management Stock Performance

Shares of WM opened at $235.21 on Wednesday. The company has a market capitalization of $94.87 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.60 and a beta of 0.57. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.22. The stock has a 50 day moving average price of $228.70 and a 200 day moving average price of $220.05.

Waste Management (NYSE:WMGet Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.02). Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.39 billion. During the same quarter in the prior year, the firm posted $1.70 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a $0.945 dividend. This is a boost from Waste Management’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s payout ratio is currently 49.25%.

Trending Headlines about Waste Management

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Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WM shares. Sanford C. Bernstein boosted their price objective on Waste Management from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Morgan Stanley lowered their target price on Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. UBS Group raised Waste Management from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $225.00 to $260.00 in a report on Friday, January 9th. Citigroup dropped their price target on Waste Management from $270.00 to $263.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Finally, Stifel Nicolaus increased their price objective on shares of Waste Management from $236.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $253.55.

Check Out Our Latest Analysis on WM

Hedge Funds Weigh In On Waste Management

Several hedge funds and other institutional investors have recently modified their holdings of the company. Elevated Capital Advisors LLC purchased a new position in Waste Management in the fourth quarter valued at about $25,000. Financial Network Wealth Advisors LLC boosted its holdings in Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after acquiring an additional 47 shares during the period. Cornerstone Planning Group LLC boosted its position in Waste Management by 101.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock valued at $29,000 after buying an additional 67 shares during the last quarter. RHL Group LLC acquired a new position in shares of Waste Management in the 4th quarter valued at approximately $29,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of Waste Management during the fourth quarter worth approximately $29,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Company Profile

(Get Free Report)

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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Insider Buying and Selling by Quarter for Waste Management (NYSE:WM)

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