Share on StockTwits

Waste Management (NYSE:WM) VP Devina A. Rankin sold 5,541 shares of the company’s stock on the open market in a transaction dated Thursday, August 21st. The shares were sold at an average price of $46.73, for a total value of $258,930.93. Following the transaction, the vice president now directly owns 4,400 shares in the company, valued at approximately $205,612. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Waste Management (NYSE:WM) traded down 0.58% on Friday, hitting $46.43. 1,146,506 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 has a 50-day moving average of $44.88 and a 200-day moving average of $43.26. The company has a market cap of $21.655 billion and a price-to-earnings 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. Analysts expect that Waste Management will post $2.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders of record on Friday, September 5th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 3.21%.

A number of analysts have recently weighed in on WM shares. 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 issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.00.

Waste Management, Inc (NYSE:WM) is a provider of waste management services in North America.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.