John Carroll Sells 1,365 Shares of Waste Management (NYSE:WM) Stock

Waste Management, Inc. (NYSE:WM) CAO John Carroll sold 1,365 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $219.90, for a total transaction of $300,163.50. Following the sale, the chief accounting officer directly owned 3,509 shares of the company’s stock, valued at $771,629.10. The trade was a 28.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Waste Management Price Performance

NYSE WM opened at $216.30 on Thursday. The firm’s fifty day simple moving average is $228.13 and its two-hundred day simple moving average is $226.78. The firm has a market capitalization of $86.46 billion, a P/E ratio of 30.64, a P/E/G ratio of 2.75 and a beta of 0.42. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the business posted $1.92 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts forecast that Waste Management, Inc. will post 8.13 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 11th. Waste Management’s dividend payout ratio (DPR) is currently 53.54%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WM. Stifel Nicolaus increased their price objective on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings lowered shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Citigroup lifted their price objective on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Barclays boosted their price objective on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada upped their target price on Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $258.89.

Institutional Trading of Waste Management

A number of hedge funds and other institutional investors have recently made changes to their positions in WM. Financial Network Wealth Advisors LLC raised its stake in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after buying an additional 47 shares during the last quarter. RHL Group LLC purchased a new position in Waste Management during the fourth quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. acquired a new position in Waste Management in the fourth quarter valued at approximately $29,000. JPL Wealth Management LLC acquired a new stake in shares of Waste Management during the 3rd quarter worth approximately $30,000. Finally, Main Street Group LTD acquired a new position in shares of Waste Management in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Company Profile

WM, Inc, formerly known as Waste Management, Inc, is an environmental services company that provides waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, helping manage everyday refuse as well as certain specialized waste streams.

Its operations include curbside and commercial waste collection, transfer stations, recycling facilities, landfills and waste-related energy services. WM also develops renewable natural gas and electricity projects that capture landfill gas for use as an energy source.