Waste Management SVP Unloads $2,047,018 in Stock (WM)
Waste Management (NYSE:WM) SVP Jeff M. Harris sold 43,918 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $46.61, for a total transaction of $2,047,017.98. Following the sale, the senior vice president now directly owns 13,800 shares of the company’s stock, valued at approximately $643,218. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Waste Management (NYSE:WM) traded down 0.58% during mid-day trading on Friday, hitting $46.43. 1,146,513 shares of the company’s stock traded hands. Waste Management has a 1-year low of $39.60 and a 1-year high of $46.92. The stock’s 50-day moving average is $44.88 and its 200-day moving average is $43.26. The company has a market cap of $21.655 billion and a P/E ratio of 176.23.
Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts predict that Waste Management will post $2.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 3.23%.
WM has been the subject of a number of recent research reports. Analysts at Imperial Capital raised their price target on shares of Waste Management from $50.00 to $51.00 in a research note on Thursday, July 31st. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Waste Management in a research note on Wednesday, July 30th. They now have a $53.00 price target on the stock, up previously from $50.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Waste Management in a research note on Wednesday, July 30th. They now have a $48.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $48.00.
Waste Management, Inc (NYSE:WM) is a provider of waste management services in North America.
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