Waste Management, Inc. (NYSE:WM) VP sells $1,523,544.93 in stock

Waste Management, Inc. (NYSE:WM – Get Rating) Vice Chairman Michael J. Watson sold 8,971 shares of Waste Management in a trade on Thursday, August 11. The stock was sold at an average price of $169.83, for a total transaction of $1,523,544.93. Following the sale, the vice president now directly owns 32,221 shares of the company, valued at $5,472,092.43. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Waste management inventory up 0.7%

NYSE WM traded at $1.16 during Friday trading hours, hitting $170.90. 11,264 shares of the company were traded, against an average volume of 1,479,703. The company has a 50-day moving average of $154.90 and a two-hundred-day moving average of $154.53. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt ratio of 1.95. Waste Management, Inc. has a 12-month low of $138.58 and a 12-month high of $172.44. The stock has a market capitalization of $70.64 billion, a PE ratio of 33.39, a PEG ratio of 2.61 and a beta of 0.77.

Waste Management (NYSE:WM – Get Rating) last released its quarterly results on Wednesday, July 27. The business services provider reported earnings per share (EPS) of $1.44 for the quarter, beating analyst consensus estimates of $1.36 by $0.08. Waste Management achieved a net margin of 11.27% and a return on equity of 30.69%. The company posted revenue of $5.03 billion for the quarter, versus a consensus estimate of $4.84 billion. During the same period last year, the company posted EPS of $1.27. The company’s revenue for the quarter increased 12.3% year over year. As a group, stock analysts expect Waste Management, Inc. to post earnings per share of 5.7 for the current year.

Analyst upgrades and downgrades

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WM has been the subject of a number of recent research reports. Oppenheimer set a price target of $160.00 on shares of Waste Management in a Tuesday, July 19 research note. Deutsche Bank Aktiengesellschaft raised its price target on Waste Management shares from $157.00 to $167.00 in a Thursday, April 28 report. Raymond James raised his price target on Waste Management shares from $167.00 to $170.00 and gave the company an “outperform” rating in a Friday, April 22 report. Morgan Stanley raised its price target on Waste Management shares from $160.00 to $165.00 and gave the company an “equal weight” rating in a Wednesday, July 20 research report. Finally, StockNews.com upgraded Waste Management shares from a “buy” rating to a “strong buy” rating in a Thursday, April 28 research report. Five research analysts gave the stock a hold rating, one issued a buy rating and one gave the company a high buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $164.86.

Institutional entries and exits

Major investors have recently changed their stake in the company. CarsonAllaria Wealth Management Ltd. acquired a new equity stake in Waste Management in Q4 worth approximately $25,000. Desjardins Global Asset Management Inc. acquired a new position in Waste Management during Q2 worth approximately $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Waste Management during Q2 worth approximately $30,000. Mizuho Securities Co.Ltd. acquired a new position in Waste Management during Q1 worth approximately $32,000. Finally, GoalVest Advisory LLC increased its stake in Waste Management by 2,030.0% during the 2nd quarter. GoalVest Advisory LLC now owns 213 shares of the business services provider valued at $32,000 after purchasing an additional 203 shares during the period. 80.37% of the shares are currently held by institutional investors.

Waste Management Company Profile

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Waste Management, Inc, through its subsidiaries, provides environmental waste management services to residential, commercial, industrial and municipal customers in North America. It offers collection services, including the collection and transport of waste and recyclable materials from their place of generation to a transfer station, a material recovery facility (MRF) or a disposal site; and owns, develops and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Insider buying and selling by quarter for waste management (NYSE:WM)

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