Waste Management, Inc. (NYSE:WM) was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 17,336 call options on the stock. This represents an increase of approximately 1,040% compared to the average volume of 1,521 call options.

Waste Management (NYSE WM) opened at $81.81 on Friday. Waste Management has a fifty-two week low of $68.84 and a fifty-two week high of $82.97. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68. The firm has a market cap of $35,714.28, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.67 and a beta of 0.75.

Waste Management (NYSE:WM) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period last year, the firm posted $0.84 earnings per share. Waste Management’s revenue for the quarter was up 4.7% compared to the same quarter last year. research analysts predict that Waste Management will post 3.2 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, November 30th. Waste Management’s dividend payout ratio (DPR) is presently 54.84%.

In other news, SVP Barry H. Caldwell sold 1,650 shares of Waste Management stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total transaction of $133,815.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Hudock Capital Group LLC boosted its stake in Waste Management by 0.6% during the second quarter. Hudock Capital Group LLC now owns 2,060 shares of the business services provider’s stock worth $151,000 after buying an additional 12 shares during the period. Lincoln National Corp boosted its stake in Waste Management by 0.5% during the second quarter. Lincoln National Corp now owns 4,404 shares of the business services provider’s stock worth $323,000 after buying an additional 21 shares during the period. Bridgewater Wealth & Financial Management LLC boosted its stake in Waste Management by 0.5% during the second quarter. Bridgewater Wealth & Financial Management LLC now owns 4,032 shares of the business services provider’s stock worth $296,000 after buying an additional 22 shares during the period. First Interstate Bank boosted its stake in Waste Management by 2.4% during the second quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock worth $119,000 after buying an additional 38 shares during the period. Finally, Mcrae Capital Management Inc. boosted its stake in Waste Management by 0.8% during the second quarter. Mcrae Capital Management Inc. now owns 6,267 shares of the business services provider’s stock worth $460,000 after buying an additional 50 shares during the period. 75.13% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. KeyCorp reiterated a “buy” rating and set a $88.00 price objective on shares of Waste Management in a research report on Friday, October 27th. Stifel Nicolaus lowered shares of Waste Management from a “buy” rating to a “hold” rating and cut their target price for the company from $85.00 to $80.00 in a report on Wednesday, October 4th. Bank of America cut their target price on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, October 5th. Finally, Zacks Investment Research raised shares of Waste Management from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $81.81.

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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.

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