Waste Management, Inc. (NYSE:WM) has been assigned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $71.78.
WM has been the topic of several research analyst reports. Oppenheimer Holdings Inc. set a $75.00 price target on shares of Waste Management and gave the company a “buy” rating in a research note on Saturday, February 18th. Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Wedbush increased their price target on shares of Waste Management from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, February 21st. Barclays PLC cut shares of Waste Management from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $70.00 to $73.00 in a research note on Wednesday, March 1st. They noted that the move was a valuation call. Finally, Vetr raised shares of Waste Management from a “sell” rating to a “hold” rating and set a $72.12 price target on the stock in a research note on Tuesday, January 3rd.
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Waste Management (NYSE:WM) traded down 0.29% during midday trading on Monday, reaching $73.33. The company’s stock had a trading volume of 321,542 shares. The stock has a market capitalization of $32.24 billion, a price-to-earnings ratio of 27.67 and a beta of 0.70. The firm has a 50-day moving average price of $71.76 and a 200 day moving average price of $67.93. Waste Management has a 52-week low of $56.05 and a 52-week high of $73.90.
Waste Management (NYSE:WM) last posted its quarterly earnings data on Thursday, February 16th. The company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.42 billion. Waste Management had a return on equity of 24.07% and a net margin of 8.36%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. Equities research analysts predict that Waste Management will post $3.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be paid a dividend of $0.425 per share. The ex-dividend date is Wednesday, March 8th. This is a positive change from Waste Management’s previous quarterly dividend of $0.41. This represents a $1.70 annualized dividend and a dividend yield of 2.31%. Waste Management’s payout ratio is currently 65.34%.
In other Waste Management news, VP Jeff M. Harris sold 6,645 shares of the business’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $72.15, for a total value of $479,436.75. Following the completion of the sale, the vice president now owns 44,652 shares of the company’s stock, valued at approximately $3,221,641.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank M. Clark sold 433 shares of the business’s stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $69.59, for a total transaction of $30,132.47. Following the completion of the sale, the director now directly owns 29,635 shares of the company’s stock, valued at approximately $2,062,299.65. The disclosure for this sale can be found here. Insiders have sold a total of 90,314 shares of company stock worth $6,576,502 over the last 90 days. 0.42% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of WM. Hudock Capital Group LLC raised its stake in Waste Management by 0.6% in the third quarter. Hudock Capital Group LLC now owns 1,726 shares of the company’s stock worth $110,000 after buying an additional 11 shares in the last quarter. TLP Group LLC bought a new position in shares of Waste Management during the third quarter valued at about $125,000. Mascoma Wealth Management LLC bought a new position in shares of Waste Management during the fourth quarter valued at about $136,000. Kernodle & Katon Asset Management Group LLC raised its position in shares of Waste Management by 1.4% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 2,400 shares of the company’s stock valued at $153,000 after buying an additional 32 shares in the last quarter. Finally, Financial Architects Inc raised its position in shares of Waste Management by 24.3% in the third quarter. Financial Architects Inc now owns 2,489 shares of the company’s stock valued at $159,000 after buying an additional 486 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.
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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