Waste Management, Inc. (NYSE:WM) CEO James C. Fish, Jr. sold 84,314 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $116.51, for a total value of $9,823,424.14. Following the completion of the transaction, the chief executive officer now owns 282,921 shares of the company’s stock, valued at $32,963,125.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

WM stock opened at $117.25 on Friday. The firm’s 50-day moving average price is $113.71. Waste Management, Inc. has a 12-month low of $81.01 and a 12-month high of $118.11. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.66 and a current ratio of 0.69. The stock has a market capitalization of $50.03 billion, a P/E ratio of 27.92, a PEG ratio of 3.16 and a beta of 0.62.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. Waste Management had a return on equity of 29.12% and a net margin of 12.43%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that Waste Management, Inc. will post 4.3 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a dividend of $0.5125 per share. This represents a $2.05 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Thursday, June 6th. Waste Management’s dividend payout ratio (DPR) is presently 48.81%.

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Waste Management by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 5,208,586 shares of the business services provider’s stock worth $462,699,000 after buying an additional 326,408 shares during the period. Northern Trust Corp boosted its position in shares of Waste Management by 1.4% in the first quarter. Northern Trust Corp now owns 5,096,397 shares of the business services provider’s stock worth $529,567,000 after buying an additional 72,356 shares during the period. Norges Bank purchased a new stake in shares of Waste Management in the fourth quarter worth about $402,210,000. Nordea Investment Management AB boosted its position in shares of Waste Management by 22.9% in the first quarter. Nordea Investment Management AB now owns 2,936,324 shares of the business services provider’s stock worth $305,112,000 after buying an additional 547,291 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Waste Management by 14.9% in the first quarter. California Public Employees Retirement System now owns 2,894,015 shares of the business services provider’s stock worth $300,717,000 after buying an additional 374,826 shares during the period. 73.55% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on WM. Oppenheimer began coverage on Pareteum in a research note on Friday, April 26th. They issued an “outperform” rating and a $7.00 target price for the company. Argus upped their target price on Waste Management from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Royal Bank of Canada set a €67.00 ($77.91) target price on Daimler and gave the company a “buy” rating in a research note on Monday, June 3rd. KeyCorp lowered Luxfer from an “overweight” rating to a “sector weight” rating and set a $24.30 target price for the company. in a research note on Monday, June 3rd. Finally, UBS Group reissued a “hold” rating on shares of Deutsche Bank in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Waste Management has a consensus rating of “Buy” and an average target price of $111.67.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

Featured Story: How to Use a Moving Average for TradingĀ 

Insider Buying and Selling by Quarter for Waste Management (NYSE:WM)

Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.