Waste Management, Inc. (NYSE:WM) Director Maryrose Sylvester Sells 310 Shares

Waste Management, Inc. (NYSE:WM) Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Waste Management Price Performance

Waste Management stock opened at $215.88 on Wednesday. The stock’s 50 day moving average price is $209.58 and its two-hundred day moving average price is $209.00. The stock has a market capitalization of $86.65 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.26 and a beta of 0.74. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a 52-week low of $167.78 and a 52-week high of $225.00.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same period last year, the company posted $1.63 earnings per share. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts predict that Waste Management, Inc. will post 7.31 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.75 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.00 annualized dividend and a yield of 1.39%. Waste Management’s payout ratio is currently 45.87%.

Analyst Ratings Changes

WM has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a report on Tuesday. CIBC increased their target price on Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their price target on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, William Blair began coverage on shares of Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $226.11.

Institutional Investors Weigh In On Waste Management

Several hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Waste Management in the 2nd quarter valued at $31,000. Fairway Wealth LLC grew its holdings in shares of Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Waste Management during the second quarter worth about $36,000. Fairscale Capital LLC bought a new position in Waste Management in the 2nd quarter valued at about $39,000. Finally, Hexagon Capital Partners LLC boosted its stake in Waste Management by 67.2% during the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.