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

Waste Management, Inc. (NYSE:WM) 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 sale, the senior vice president now directly owns 9,152 shares of the company’s stock, valued at $2,014,446.72. The trade was a 5.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Waste Management Trading Up 1.8 %

WM stock traded up $3.94 during trading on Monday, reaching $224.20. 1,046,698 shares of the stock were exchanged, compared to its average volume of 1,779,665. 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 has a 50 day moving average price of $212.19 and a 200-day moving average price of $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 capitalization of $89.99 billion, a price-to-earnings ratio of 32.97, a P/E/G ratio of 2.57 and a beta of 0.78.

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

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.75 dividend. 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 44.12%.

Analyst Ratings Changes

WM has been the subject of a number of research analyst reports. Truist Financial raised their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. UBS Group raised their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Scotiabank raised their price target on shares of Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a research report on Monday. Royal Bank of Canada raised their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Raymond James lifted their target price on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $232.89.

Institutional Investors Weigh In On Waste Management

A number of institutional investors and hedge funds have recently made changes to their positions in WM. Czech National Bank raised its stake in shares of Waste Management by 7.0% in the 3rd quarter. Czech National Bank now owns 74,394 shares of the business services provider’s stock valued at $15,444,000 after acquiring an additional 4,842 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Waste Management by 4.6% in the third quarter. Park Avenue Securities LLC now owns 4,842 shares of the business services provider’s stock valued at $1,005,000 after purchasing an additional 213 shares in the last quarter. Goelzer Investment Management Inc. grew its holdings in shares of Waste Management by 9.9% in the third quarter. Goelzer Investment Management Inc. now owns 2,546 shares of the business services provider’s stock valued at $529,000 after purchasing an additional 230 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Waste Management by 23.8% in the third quarter. GAMMA Investing LLC now owns 6,686 shares of the business services provider’s stock valued at $1,388,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in shares of Waste Management by 40.2% in the third quarter. Diversified Trust Co now owns 7,031 shares of the business services provider’s stock valued at $1,460,000 after purchasing an additional 2,016 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Company Profile

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.