Waste Management, Inc. (NYSE:WM) Director Patrick W. Gross sold 487 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total transaction of $36,369.16. Following the completion of the sale, the director now owns 23,222 shares in the company, valued at approximately $1,734,218.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Waste Management, Inc. (NYSE WM) traded up 0.477% during mid-day trading on Tuesday, hitting $74.855. 599,996 shares of the stock were exchanged. The stock has a market cap of $33.08 billion, a price-to-earnings ratio of 27.309 and a beta of 0.71. The company has a 50-day moving average price of $72.70 and a 200-day moving average price of $71.94. Waste Management, Inc. has a 12 month low of $61.08 and a 12 month high of $74.97.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.33 billion. Waste Management had a return on equity of 24.76% and a net margin of 8.81%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.58 EPS. Equities analysts expect that Waste Management, Inc. will post $3.18 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Wednesday, June 7th. Waste Management’s payout ratio is 62.04%.

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A number of research firms have weighed in on WM. Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. KeyCorp boosted their price objective on shares of Waste Management from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 11th. Credit Suisse Group boosted their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus boosted their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Waste Management presently has a consensus rating of “Hold” and a consensus price target of $74.79.

Several hedge funds have recently modified their holdings of the company. Guardian Life Insurance Co. of America increased its stake in shares of Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after buying an additional 14 shares during the last quarter. Choate Investment Advisors increased its stake in shares of Waste Management by 0.7% in the first quarter. Choate Investment Advisors now owns 3,224 shares of the business services provider’s stock worth $235,000 after buying an additional 22 shares during the last quarter. Lakeview Capital Partners LLC increased its stake in shares of Waste Management by 0.8% in the first quarter. Lakeview Capital Partners LLC now owns 3,630 shares of the business services provider’s stock worth $265,000 after buying an additional 30 shares during the last quarter. American Asset Management Inc. increased its stake in shares of Waste Management by 0.7% in the first quarter. American Asset Management Inc. now owns 5,797 shares of the business services provider’s stock worth $423,000 after buying an additional 40 shares during the last quarter. Finally, Archford Capital Strategies LLC increased its stake in shares of Waste Management by 0.3% in the first quarter. Archford Capital Strategies LLC now owns 16,304 shares of the business services provider’s stock worth $1,184,000 after buying an additional 45 shares during the last quarter. 74.98% of the stock is owned by hedge funds and other institutional investors.

Waste Management Company Profile

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

Insider Buying and Selling by Quarter for Waste Management (NYSE:WM)

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