Waste Management Director Sells $51,449 in Stock (WM)
Waste Management (NYSE:WM) Director W Robert Reum sold 1,194 shares of Waste Management stock on the open market in a transaction dated Thursday, January 16th. The shares were sold at an average price of $43.09, for a total value of $51,449.46. Following the sale, the director now directly owns 27,917 shares in the company, valued at approximately $1,202,944. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on WM shares. Analysts at Macquarie initiated coverage on shares of Waste Management in a research note to investors on Tuesday, January 7th. They set an “outperform” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Waste Management in a research note to investors on Wednesday, October 30th. They now have a $45.00 price target on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Waste Management currently has a consensus rating of “Hold” and a consensus target price of $44.02.
Shares of Waste Management (NYSE:WM) traded up 0.61% during mid-day trading on Friday, hitting $43.12. 2,450,791 shares of the company’s stock traded hands. Waste Management has a 52 week low of $34.93 and a 52 week high of $46.38. The stock’s 50-day moving average is $44.18 and its 200-day moving average is $42.75. The company has a market cap of $20.231 billion and a P/E ratio of 21.65.
Waste Management (NYSE:WM) last announced its earnings results 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 last year, the company posted $0.61 earnings per share. Waste Management’s revenue was up 4.6% compared to the same quarter last year. Analysts expect that Waste Management will post $2.19 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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