Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Waste Management, Inc. NYSE: WM. In a filing disclosed on June 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Waste Management stock on May 15th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
- Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
- Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
- Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
- Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
Waste Management Trading Down 0.4%
Shares of WM stock traded down $1.03 on Friday, reaching $229.58. The company had a trading volume of 1,126,277 shares, compared to its average volume of 1,710,554. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 2.65. The stock has a market cap of $92.39 billion, a PE ratio of 34.63, a PEG ratio of 2.83 and a beta of 0.64. The company has a 50-day moving average of $231.81 and a 200-day moving average of $227.11. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $242.58.
Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.08. Waste Management had a return on equity of 35.67% and a net margin of 11.67%. The business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same period in the previous year, the firm earned $1.75 EPS. Waste Management's quarterly revenue was up 16.7% compared to the same quarter last year. On average, equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.
Waste Management Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.44%. Waste Management's dividend payout ratio (DPR) is presently 49.77%.
Analyst Upgrades and Downgrades
WM has been the subject of a number of recent research reports. National Bank Financial raised Waste Management to a "hold" rating in a research report on Monday, May 26th. Oppenheimer upped their price objective on Waste Management from $255.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Seaport Res Ptn upgraded Waste Management to a "hold" rating in a research note on Tuesday, May 6th. Wall Street Zen upgraded Waste Management from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. upgraded Waste Management from a "neutral" rating to an "overweight" rating and increased their price target for the company from $225.00 to $277.00 in a research note on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $252.41.
Read Our Latest Stock Analysis on WM
Insider Activity
In related news, SVP Rafael Carrasco sold 674 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total transaction of $159,609.94. Following the completion of the sale, the senior vice president directly owned 16,542 shares in the company, valued at $3,917,311.02. This represents a 3.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Devina A. Rankin sold 57,888 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the transaction, the chief financial officer directly owned 83,934 shares of the company's stock, valued at $19,922,574.24. The trade was a 40.82% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.
Institutional Trading of Waste Management
A number of hedge funds have recently made changes to their positions in WM. Brighton Jones LLC increased its holdings in Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock worth $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Consolidated Portfolio Review Corp bought a new position in Waste Management in the 4th quarter worth about $206,000. Strategic Financial Concepts LLC purchased a new position in shares of Waste Management in the 4th quarter worth about $3,251,000. Golden State Wealth Management LLC purchased a new position in shares of Waste Management in the 4th quarter worth about $113,000. Finally, Vest Financial LLC boosted its holdings in shares of Waste Management by 18.9% in the 4th quarter. Vest Financial LLC now owns 11,301 shares of the business services provider's stock worth $2,280,000 after purchasing an additional 1,797 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Waste Management
(
Get Free Report)
Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.
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