Waste Management (NYSE:WM) SVP Johnson Varkey Sells 121 Shares

Waste Management, Inc. (NYSE:WMGet Free Report) SVP Johnson Varkey sold 121 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $245.27, for a total transaction of $29,677.67. Following the completion of the transaction, the senior vice president owned 9,293 shares in the company, valued at $2,279,294.11. The trade was a 1.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Johnson Varkey also recently made the following trade(s):

  • On Tuesday, March 3rd, Johnson Varkey sold 617 shares of Waste Management stock. The stock was sold at an average price of $244.13, for a total transaction of $150,628.21.
  • On Friday, January 30th, Johnson Varkey sold 428 shares of Waste Management stock. The shares were sold at an average price of $219.63, for a total value of $94,001.64.

Waste Management Trading Down 4.6%

WM opened at $235.21 on Wednesday. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.85. The business has a 50 day simple moving average of $228.70 and a two-hundred day simple moving average of $220.05. The firm has a market capitalization of $94.87 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.60 and a beta of 0.57.

Waste Management (NYSE:WMGet Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.Waste Management’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.70 earnings per share. Analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Waste Management’s previous quarterly dividend of $0.83. Waste Management’s payout ratio is presently 49.25%.

Analyst Ratings Changes

WM has been the topic of a number of research reports. Oppenheimer lifted their target price on shares of Waste Management from $263.00 to $264.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. TD Cowen raised their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Wells Fargo & Company upped their target price on Waste Management from $246.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Royal Bank Of Canada increased their target price on Waste Management from $223.00 to $235.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Finally, Sanford C. Bernstein lifted their price target on Waste Management from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $253.55.

View Our Latest Stock Analysis on Waste Management

Institutional Investors Weigh In On Waste Management

Hedge funds and other institutional investors have recently bought and sold shares of the business. Elevated Capital Advisors LLC bought a new position in Waste Management during the 4th quarter valued at approximately $25,000. Cornerstone Planning Group LLC lifted its position in Waste Management by 101.5% during the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 67 shares during the period. RHL Group LLC purchased a new stake in Waste Management during the 4th quarter valued at $29,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after buying an additional 47 shares during the period. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of Waste Management in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management News Summary

Here are the key news stories impacting Waste Management this week:

Waste Management Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Waste Management (NYSE:WM)

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