John A. Carroll Sells 209 Shares of Waste Management, Inc. (NYSE:WM) Stock

Waste Management, Inc. (NYSE:WM) CAO John A. Carroll sold 209 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.55, for a total value of $46,094.95. Following the transaction, the chief accounting officer now directly owns 9,066 shares in the company, valued at approximately $1,999,506.30. This represents a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Waste Management Price Performance

WM stock opened at $222.33 on Wednesday. Waste Management, Inc. has a 1 year low of $187.20 and a 1 year high of $230.39. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The stock’s 50 day moving average price is $212.16 and its 200 day moving average price is $211.25. The firm has a market cap of $89.23 billion, a P/E ratio of 32.70, a PEG ratio of 2.57 and a beta of 0.78.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share 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, sell-side analysts expect that Waste Management, Inc. will post 7.92 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio is presently 44.12%.

Analyst Ratings Changes

Several research firms have issued reports on WM. JPMorgan Chase & Co. boosted their target price on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets boosted their target price on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their target price 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. Citigroup boosted their price target on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Stifel Nicolaus boosted their price target on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Denali Advisors LLC lifted its stake in shares of Waste Management by 0.7% during the 4th quarter. Denali Advisors LLC now owns 24,375 shares of the business services provider’s stock worth $4,919,000 after purchasing an additional 173 shares during the period. Kirtland Hills Capital Management LLC increased its holdings in shares of Waste Management by 0.7% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 7,142 shares of the business services provider’s stock worth $1,441,000 after buying an additional 50 shares during the last quarter. Pinnacle West Asset Management Inc. acquired a new stake in shares of Waste Management during the 4th quarter worth $302,000. Sterling Investment Advisors Ltd. increased its holdings in shares of Waste Management by 14.5% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 1,584 shares of the business services provider’s stock worth $320,000 after buying an additional 201 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Waste Management by 10.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 615,802 shares of the business services provider’s stock worth $124,263,000 after buying an additional 58,826 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

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.