Shares of Waste Management, Inc. (NYSE:WM – Get Rating) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $163.00.
WM has been the subject of a number of research analyst reports. BMO Capital Markets downgraded Waste Management from an “outperform” rating to a “market perform” rating and set a $174.00 price objective for the company. in a report on Tuesday, April 12th. Bank of America upgraded Waste Management from an “underperform” rating to a “neutral” rating and increased their price target for the company from $155.00 to $165.00 in a report on Friday, May 13th. StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 28th. Raymond James increased their price target on Waste Management from $167.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, April 22nd. Finally, Morgan Stanley lowered their price target on Waste Management from $165.00 to $160.00 and set an “equal weight” rating for the company in a report on Wednesday, June 22nd.
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Shares of WM opened at $152.76 on Friday. Waste Management has a twelve month low of $138.58 and a twelve month high of $170.18. The stock’s 50 day moving average is $154.07 and its two-hundred day moving average is $154.60. The firm has a market capitalization of $63.43 billion, a PE ratio of 33.65, a P/E/G ratio of 2.56 and a beta of 0.78. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.83.
Waste Management (NYSE:WM – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.12 by $0.17. Waste Management had a return on equity of 29.67% and a net margin of 10.32%. The business had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the previous year, the company earned $1.06 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts predict that Waste Management will post 5.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.70%. Waste Management’s dividend payout ratio is presently 57.27%.
In related news, SVP Nikolaj H. Sjoqvist sold 10,311 shares of the firm’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $166.57, for a total transaction of $1,717,503.27. Following the completion of the sale, the senior vice president now directly owns 38,769 shares in the company, valued at $6,457,752.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Leslie K. Nagy sold 2,668 shares of the firm’s stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $169.72, for a total transaction of $452,812.96. Following the sale, the chief accounting officer now owns 4,880 shares of the company’s stock, valued at $828,233.60. The disclosure for this sale can be found here. Insiders have sold 59,985 shares of company stock worth $10,072,025 in the last quarter. Company insiders own 0.18% of the company’s stock.
Several large investors have recently modified their holdings of the business. Steward Financial Group LLC bought a new position in shares of Waste Management during the 4th quarter valued at $25,000. CarsonAllaria Wealth Management Ltd. bought a new position in Waste Management in the 4th quarter worth $25,000. Amplius Wealth Advisors LLC bought a new position in Waste Management in the 4th quarter worth $27,000. Mizuho Securities Co. Ltd. bought a new position in shares of Waste Management during the 1st quarter worth about $32,000. Finally, GoalVest Advisory LLC raised its position in shares of Waste Management by 2,030.0% during the second quarter. GoalVest Advisory LLC now owns 213 shares of the business services provider’s stock valued at $32,000 after buying an additional 203 shares during the last quarter. 80.37% of the stock is owned by institutional investors.
About Waste Management (Get Rating)
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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