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 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.
ILLEGAL ACTIVITY WARNING: “John J. Morris Sells 42,795 Shares of Waste Management, Inc. (WM) Stock” was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/4325949/john-j-morris-sells-42795-shares-of-waste-management-inc-wm-stock.html.
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.
Further Reading: Strike Price
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.