Waste Management, Inc. (NYSE:WM – Get Free Report) SVP Tara J. Hemmer sold 4,576 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total value of $1,016,421.12. Following the sale, the senior vice president now owns 58,765 shares in the company, valued at $13,052,881.80. This trade represents a 7.22 % 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 Stock Down 0.6 %
WM traded down $1.39 during trading hours on Tuesday, reaching $222.33. 2,213,744 shares of the stock traded hands, compared to its average volume of 1,850,111. Waste Management, Inc. has a fifty-two week low of $187.20 and a fifty-two week high of $230.39. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The company has a market cap of $89.23 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 2.57 and a beta of 0.78. The firm’s fifty day simple moving average is $212.16 and its two-hundred day simple moving average is $211.25.
Waste Management (NYSE:WM – Get Free Report) last announced its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (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%. As a group, analysts forecast that Waste Management, Inc. will post 7.92 earnings per share for the current fiscal year.
Waste Management Dividend Announcement
Institutional Trading of Waste Management
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in 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 worth $1,686,203,000 after buying an additional 168,818 shares during the last quarter. Parnassus Investments LLC lifted its stake in Waste Management by 11.3% during the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after purchasing an additional 520,096 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Waste Management by 7.1% in the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after purchasing an additional 280,455 shares during the period. Bank of New York Mellon Corp increased its stake in Waste Management by 5.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,961,563 shares of the business services provider’s stock valued at $597,614,000 after purchasing an additional 157,082 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Waste Management by 94,414.4% during the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after purchasing an additional 2,588,842 shares during the period. Institutional investors own 80.40% of the company’s stock.
Wall Street Analysts Forecast Growth
WM has been the topic of a number of research analyst reports. Truist Financial raised their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lowered their target price on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Royal Bank of Canada upped their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Oppenheimer boosted their price objective on shares of Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Argus increased their target price on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus price target of $234.50.
View Our Latest Analysis on Waste Management
About Waste Management
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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