John J. Morris Sells 42,795 Shares of Waste Management, Inc. (WM) Stock

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Waste Management, Inc. (NYSE:WM) EVP John J. Morris sold 42,795 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $106.38, for a total value of $4,552,532.10. Following the transaction, the executive vice president now directly owns 101,332 shares in the company, valued at $10,779,698.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NYSE:WM opened at $106.17 on Friday. Waste Management, Inc. has a one year low of $79.96 and a one year high of $107.45. 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 firm has a market capitalization of $45.59 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 2.90 and a beta of 0.67.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.91 by $0.03. Waste Management had a net margin of 12.43% and a return on equity of 29.12%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. Sell-side analysts anticipate that Waste Management, Inc. will post 4.32 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. CHICAGO TRUST Co NA boosted its stake in shares of Waste Management by 1.5% during the 1st quarter. CHICAGO TRUST Co NA now owns 6,933 shares of the business services provider’s stock worth $720,000 after acquiring an additional 100 shares in the last quarter. Welch & Forbes LLC boosted its stake in shares of Waste Management by 1.9% during the 1st quarter. Welch & Forbes LLC now owns 5,485 shares of the business services provider’s stock worth $570,000 after acquiring an additional 100 shares in the last quarter. Shepherd Financial Partners LLC boosted its stake in shares of Waste Management by 3.0% during the 1st quarter. Shepherd Financial Partners LLC now owns 3,476 shares of the business services provider’s stock worth $361,000 after acquiring an additional 102 shares in the last quarter. RB Capital Management LLC boosted its stake in shares of Waste Management by 4.2% during the 4th quarter. RB Capital Management LLC now owns 2,746 shares of the business services provider’s stock worth $244,000 after acquiring an additional 110 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Waste Management by 36.1% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 415 shares of the business services provider’s stock worth $37,000 after acquiring an additional 110 shares in the last quarter. 75.83% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on WM shares. UBS Group raised shares of Waste Management from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $103.00 in a report on Thursday, January 10th. Oppenheimer boosted their price objective on shares of Waste Management from $95.00 to $108.00 and gave the company an “outperform” rating in a report on Friday, February 15th. Zacks Investment Research lowered shares of Waste Management from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. Stifel Nicolaus lowered shares of Waste Management from a “buy” rating to a “hold” rating and set a $103.00 price objective on the stock. in a report on Thursday, April 11th. Finally, Royal Bank of Canada started coverage on shares of Waste Management in a report on Wednesday. They set a “sector perform” rating and a $113.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $105.22.

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About Waste Management

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.

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