Insider Selling: David Aardsma Sells 16,356 Shares of Waste Management Stock (WM)
Waste Management (NYSE:WM) Insider David Aardsma sold 16,356 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $44.22, for a total transaction of $723,262.32. Following the completion of the transaction, the insider now directly owns 47,665 shares in the company, valued at approximately $2,107,746. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on WM shares. Analysts at Zacks reiterated a “neutral” rating on shares of Waste Management in a research note to investors on Wednesday. They now have a $45.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Waste Management from $42.00 to $48.00 in a research note to investors on Monday, August 12th. They now have a “neutral” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of Waste Management from $43.00 to $48.00 in a research note to investors on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $42.59.
Shares of Waste Management (NYSE:WM) traded down 1.34% on Wednesday, hitting $42.67. 2,288,057 shares of the company’s stock traded hands. Waste Management has a one year low of $30.82 and a one year high of $43.59. The stock has a 50-day moving average of $41.70 and a 200-day moving average of $40.40. The company has a market cap of $20.003 billion and a price-to-earnings ratio of 23.76.
Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.62 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.62. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts expect that Waste Management will post $2.16 EPS for the current fiscal year.
Waste Management, Inc (NYSE:WM) is a provider of waste management services in North America.
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