Waste Management (NYSE:WM) SVP Sells $151,116.90 in Stock

Waste Management, Inc. (NYSE:WMGet Free Report) SVP Rafael Carrasco sold 690 shares of Waste Management stock in a transaction on Friday, January 30th. The stock was sold at an average price of $219.01, for a total transaction of $151,116.90. Following the sale, the senior vice president owned 22,892 shares in the company, valued at $5,013,576.92. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Rafael Carrasco also recently made the following trade(s):

  • On Thursday, November 20th, Rafael Carrasco sold 1,380 shares of Waste Management stock. The stock was sold at an average price of $217.06, for a total value of $299,542.80.

Waste Management Stock Up 0.6%

Waste Management stock opened at $226.44 on Thursday. The company has a market capitalization of $91.23 billion, a P/E ratio of 33.80, a PEG ratio of 2.38 and a beta of 0.58. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.80 and a current ratio of 0.89. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The stock has a 50-day simple moving average of $219.83 and a 200-day simple moving average of $219.19.

Waste Management (NYSE:WMGet Free Report) last released its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.02). The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $1.70 EPS. Equities research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend payout ratio is currently 49.25%.

Institutional Trading of Waste Management

Several hedge funds have recently modified their holdings of the business. Syntegra Private Wealth Group LLC increased its holdings in Waste Management by 2.0% during the 2nd quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock valued at $524,000 after acquiring an additional 44 shares in the last quarter. Broadway Wealth Solutions Inc. increased its stake in shares of Waste Management by 2.8% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock worth $349,000 after purchasing an additional 44 shares in the last quarter. Harbour Trust & Investment Management Co raised its position in shares of Waste Management by 1.1% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock worth $943,000 after purchasing an additional 45 shares during the last quarter. San Luis Wealth Advisors LLC grew its holdings in Waste Management by 2.4% during the 4th quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock valued at $422,000 after buying an additional 45 shares during the last quarter. Finally, Birch Hill Investment Advisors LLC increased its position in Waste Management by 0.7% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock worth $1,341,000 after buying an additional 45 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WM shares. Stifel Nicolaus upped their target price on shares of Waste Management from $236.00 to $252.00 and gave the company a “buy” rating in a report on Friday, January 30th. Scotiabank reaffirmed a “sector perform” rating and set a $250.00 price objective (down from $254.00) on shares of Waste Management in a research note on Wednesday, January 21st. Royal Bank Of Canada increased their price objective on Waste Management from $223.00 to $235.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Citigroup dropped their target price on Waste Management from $270.00 to $263.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Finally, The Goldman Sachs Group started coverage on Waste Management in a research note on Monday, November 24th. They set a “buy” rating and a $256.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $253.55.

Check Out Our Latest Analysis on WM

Key Stories Impacting Waste Management

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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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