Charles C. Boettcher Sells 693 Shares of Waste Management, Inc. (NYSE:WM) Stock

Waste Management, Inc. (NYSE:WM) EVP Charles C. Boettcher sold 693 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the completion of the sale, the executive vice president now owns 45,542 shares in the company, valued at approximately $10,046,109.78. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Waste Management Stock Down 0.6 %

Waste Management stock opened at $222.33 on Wednesday. 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 stock has a market capitalization of $89.23 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 2.57 and a beta of 0.78. Waste Management, Inc. has a 1-year low of $187.20 and a 1-year high of $230.39. The business has a fifty day moving average price of $212.16 and a 200-day moving average price of $211.25.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share 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%. Equities research analysts forecast that Waste Management, Inc. will post 7.92 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.35%. Waste Management’s dividend payout ratio (DPR) is 44.12%.

Analyst Ratings Changes

WM has been the topic of several recent analyst reports. Citigroup increased their price target on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a report on Monday. Scotiabank raised their price objective on Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a report on Monday. JPMorgan Chase & Co. raised their price objective on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Truist Financial raised their price objective on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their price objective on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.50.

Hedge Funds Weigh In On Waste Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of Waste Management by 94,414.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after buying an additional 2,588,842 shares during the last quarter. Swedbank AB raised its stake in shares of Waste Management by 67.2% during the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock valued at $366,537,000 after buying an additional 709,678 shares during the last quarter. Parnassus Investments LLC raised its stake in shares of Waste Management by 11.3% during the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock valued at $1,063,072,000 after buying an additional 520,096 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Waste Management by 32.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock valued at $374,062,000 after buying an additional 437,613 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Waste Management by 138.0% during the 3rd quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock valued at $149,168,000 after buying an additional 416,579 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

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.