Waste Management, Inc. (NYSE:WM) SVP Tara J. Hmmer sold 4,739 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $118.04, for a total transaction of $559,391.56. Following the transaction, the senior vice president now owns 23,470 shares in the company, valued at approximately $2,770,398.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

WM stock traded down $2.33 during midday trading on Wednesday, hitting $111.35. The company’s stock had a trading volume of 172,854 shares, compared to its average volume of 1,525,201. The stock’s 50-day moving average price is $117.95 and its 200 day moving average price is $110.44. The company has a quick ratio of 1.66, a current ratio of 1.70 and a debt-to-equity ratio of 1.95. Waste Management, Inc. has a 1 year low of $83.22 and a 1 year high of $121.77. The stock has a market cap of $48.23 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 3.18 and a beta of 0.61.

Waste Management (NYSE:WM) last announced its earnings results on Thursday, July 25th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.94 billion. Waste Management had a return on equity of 29.15% and a net margin of 11.49%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.01 EPS. As a group, equities analysts forecast that Waste Management, Inc. will post 4.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.512 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $2.05 annualized dividend and a yield of 1.84%. Waste Management’s payout ratio is currently 48.81%.

A number of equities research analysts recently commented on WM shares. Scotiabank began coverage on Waste Management in a research report on Monday, July 22nd. They issued an “outperform” rating for the company. KeyCorp lifted their price objective on shares of Waste Management from $112.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Stifel Nicolaus upped their target price on shares of Waste Management from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Raymond James set a $127.00 target price on shares of Waste Management and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Macquarie reissued an “outperform” rating and set a $130.00 price target on shares of Waste Management in a research report on Wednesday, September 4th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $115.25.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Waste Management by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 35,963,494 shares of the business services provider’s stock valued at $4,149,109,000 after acquiring an additional 174,451 shares during the period. BlackRock Inc. boosted its position in shares of Waste Management by 3.1% in the second quarter. BlackRock Inc. now owns 32,164,573 shares of the business services provider’s stock valued at $3,710,826,000 after acquiring an additional 976,898 shares during the period. Geode Capital Management LLC boosted its position in shares of Waste Management by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 5,208,586 shares of the business services provider’s stock valued at $462,699,000 after acquiring an additional 326,408 shares during the period. Northern Trust Corp grew its stake in Waste Management by 0.6% during the second quarter. Northern Trust Corp now owns 5,126,154 shares of the business services provider’s stock valued at $591,404,000 after acquiring an additional 29,757 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Waste Management by 0.7% during the second quarter. AQR Capital Management LLC now owns 4,069,937 shares of the business services provider’s stock valued at $469,549,000 after acquiring an additional 27,195 shares in the last quarter. Institutional investors and hedge funds own 73.31% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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