John A. Carroll Sells 1,251 Shares of Waste Management, Inc. (NYSE:WM) Stock

Waste Management, Inc. (NYSE:WM) CAO John A. Carroll sold 1,251 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $225.92, for a total transaction of $282,625.92. Following the completion of the transaction, the chief accounting officer now owns 8,420 shares of the company’s stock, valued at $1,902,246.40. The trade was a 12.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Waste Management Trading Down 1.5 %

NYSE:WM opened at $224.25 on Wednesday. The firm’s fifty day moving average is $219.18 and its 200-day moving average is $215.04. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $235.81. The firm has a market cap of $90.18 billion, a P/E ratio of 32.98, a P/E/G ratio of 2.71 and a beta of 0.75.

Waste Management (NYSE:WM) last posted its quarterly earnings data 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 net margin of 12.45% and a return on equity of 37.93%. Equities analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s payout ratio is presently 48.53%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of WM. Activest Wealth Management lifted its position in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 120 shares during the period. Global Wealth Strategies & Associates lifted its position in shares of Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares during the period. Transce3nd LLC acquired a new position in shares of Waste Management during the 4th quarter valued at $28,000. General Partner Inc. acquired a new position in shares of Waste Management during the 4th quarter valued at $29,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Waste Management during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WM shares. William Blair reiterated an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. Oppenheimer upped their price objective on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Scotiabank upped their price objective on shares of Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. Jefferies Financial Group lowered their price objective on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Citigroup upped their price objective on shares of Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $236.65.

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.