Insider Selling: Waste Management, Inc. (NYSE:WM) SVP Sells 560 Shares of Stock

Waste Management, Inc. (NYSE:WMGet Free Report) SVP Johnson Varkey sold 560 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.11, for a total transaction of $123,261.60. Following the completion of the sale, the senior vice president now owns 9,152 shares in the company, valued at $2,014,446.72. This represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Waste Management Price Performance

Shares of NYSE WM opened at $223.89 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The business’s 50 day moving average is $212.19 and its 200-day moving average is $211.24. Waste Management, Inc. has a 1-year low of $187.20 and a 1-year high of $230.39. The firm has a market cap of $89.86 billion, a P/E ratio of 32.92, a price-to-earnings-growth ratio of 2.57 and a beta of 0.78.

Waste Management (NYSE:WMGet Free Report) last announced its earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. Equities research analysts predict that Waste Management, Inc. will post 7.92 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 44.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WM. JPMorgan Chase & Co. lifted their price target 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. Stifel Nicolaus lifted their target price on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada raised their price target on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. UBS Group lifted their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Truist Financial upped their target price on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Ten 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 MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $234.50.

Check Out Our Latest Analysis on WM

Institutional Investors Weigh In On Waste Management

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of Waste Management by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock valued at $1,686,203,000 after purchasing an additional 168,818 shares during the last quarter. Parnassus Investments LLC raised its holdings in Waste Management by 11.3% in the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock valued at $1,063,072,000 after buying an additional 520,096 shares during the last quarter. Nordea Investment Management AB boosted its position in Waste Management by 7.1% during the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after buying an additional 280,455 shares during the period. International Assets Investment Management LLC grew its holdings in Waste Management by 94,414.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after acquiring an additional 2,588,842 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Waste Management by 12.8% during the third quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock valued at $505,175,000 after acquiring an additional 276,287 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Company Profile

(Get Free Report)

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.

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