Shares of Waste Management Inc. (NYSE:WM) have been assigned an average rating of “Buy” from the fourteen ratings firms that are presently covering the company. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $67.13.
Several equities analysts recently commented on WM shares. Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Tuesday, September 27th. Macquarie started coverage on Waste Management in a research report on Thursday, August 25th. They set a “neutral” rating and a $69.00 target price for the company. Stifel Nicolaus upgraded Waste Management from a “market weight” rating to an “overweight” rating in a research report on Monday, June 27th. KeyCorp upgraded Waste Management from a “sector weight” rating to an “overweight” rating and set a $74.00 target price for the company in a research report on Tuesday, August 9th. Finally, Argus restated a “buy” rating and set a $72.00 target price on shares of Waste Management in a research report on Wednesday, August 10th.
Waste Management (NYSE:WM) opened at 62.28 on Thursday. Waste Management has a 12 month low of $50.36 and a 12 month high of $70.50. The company has a market capitalization of $27.55 billion, a P/E ratio of 24.34 and a beta of 0.62. The stock’s 50 day moving average price is $63.73 and its 200-day moving average price is $62.71.
Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The company earned $3.43 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Waste Management had a return on equity of 23.48% and a net margin of 8.73%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 earnings per share. On average, equities research analysts predict that Waste Management will post $2.86 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, September 7th. Waste Management’s dividend payout ratio (DPR) is presently 63.81%.
In other news, VP Mark E. Schwartz sold 70,496 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $65.89, for a total value of $4,644,981.44. Following the completion of the sale, the vice president now owns 67,117 shares of the company’s stock, valued at approximately $4,422,339.13. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP John J. Morris sold 12,738 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $66.75, for a total value of $850,261.50. Following the completion of the sale, the senior vice president now directly owns 29,696 shares of the company’s stock, valued at approximately $1,982,208. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in WM. Smith Moore & CO. raised its stake in Waste Management by 19.6% in the first quarter. Smith Moore & CO. now owns 6,854 shares of the company’s stock worth $404,000 after buying an additional 1,125 shares during the period. Associated Banc Corp raised its position in Waste Management by 0.9% in the first quarter. Associated Banc Corp now owns 81,343 shares of the company’s stock worth $4,799,000 after buying an additional 692 shares during the last quarter. Aviva PLC raised its position in Waste Management by 0.8% in the first quarter. Aviva PLC now owns 230,341 shares of the company’s stock worth $13,590,000 after buying an additional 1,844 shares during the last quarter. Huntington Asset Advisors Inc. acquired a new position in Waste Management during the first quarter worth approximately $1,829,000. Finally, Bessemer Group Inc. raised its position in Waste Management by 691.6% in the first quarter. Bessemer Group Inc. now owns 576,265 shares of the company’s stock worth $33,999,000 after buying an additional 503,471 shares during the last quarter. 75.21% of the stock is owned by institutional investors.
Waste Management Company Profile
Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.
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