Waste Management (NYSE:WM) CEO James Fish Jr Sells 657 Shares

Waste Management, Inc. (NYSE:WM) CEO James Fish, Jr. sold 657 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $230.00, for a total value of $151,110.00. Following the sale, the chief executive officer owned 256,183 shares in the company, valued at approximately $58,922,090. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Waste Management Price Performance

NYSE WM traded up $2.49 during trading hours on Tuesday, reaching $232.99. The company’s stock had a trading volume of 1,169,638 shares, compared to its average volume of 2,231,092. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.80 and a current ratio of 0.89. The company’s 50-day moving average is $220.49 and its two-hundred day moving average is $219.14. 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 market cap of $93.86 billion, a PE ratio of 34.74, a PEG ratio of 2.40 and a beta of 0.58.

Waste Management (NYSE:WM) 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). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same quarter in the prior year, the company earned $1.70 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.4%. Waste Management’s dividend payout ratio (DPR) is presently 49.25%.

Analyst Upgrades and Downgrades

WM has been the topic of a number of recent research reports. DZ Bank initiated coverage on shares of Waste Management in a report on Tuesday, November 25th. They issued a “buy” rating and a $250.00 target price on the stock. Truist Financial set a $260.00 price objective on shares of Waste Management in a research note on Wednesday, October 29th. Stifel Nicolaus raised their target price on shares of Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. boosted their price target on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Finally, Oppenheimer lifted their price objective on Waste Management from $263.00 to $264.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $253.55.

Hedge Funds Weigh In On Waste Management

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

Waste Management Company Profile

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.