Waste Management (NYSE:WM) SVP Rafael Carrasco Sells 1,380 Shares of Stock

Waste Management, Inc. (NYSE:WM) SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the transaction, the senior vice president owned 15,540 shares in the company, valued at $3,373,112.40. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Waste Management Trading Down 0.0%

Shares of WM stock traded down $0.09 on Friday, reaching $216.71. The company had a trading volume of 2,475,036 shares, compared to its average volume of 1,754,957. The stock has a market cap of $87.31 billion, a PE ratio of 34.13, a PEG ratio of 2.51 and a beta of 0.62. The company has a 50-day moving average of $212.34 and a 200-day moving average of $223.75. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.36. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. During the same quarter last year, the business posted $1.96 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend payout ratio is presently 51.97%.

Hedge Funds Weigh In On Waste Management

Institutional investors have recently bought and sold shares of the business. Wealthfront Advisers LLC grew its holdings in shares of Waste Management by 3.1% during the second quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock worth $13,064,000 after purchasing an additional 1,698 shares in the last quarter. GPM Growth Investors Inc. lifted its position in Waste Management by 50.6% during the second quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock valued at $3,808,000 after purchasing an additional 5,588 shares during the last quarter. Machina Capital S.A.S. purchased a new position in Waste Management in the 2nd quarter worth approximately $4,361,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Waste Management in the 2nd quarter worth $6,865,000. Finally, Zevenbergen Capital Investments LLC lifted its holdings in shares of Waste Management by 30.4% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock worth $2,158,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on WM shares. BMO Capital Markets increased their target price on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a report on Wednesday, July 30th. Wells Fargo & Company started coverage on shares of Waste Management in a research note on Friday, November 14th. They set an “overweight” rating and a $238.00 price objective for the company. CIBC lowered their target price on Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Royal Bank Of Canada reduced their price target on Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. decreased their price target on Waste Management from $277.00 to $255.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $248.25.

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.