Waste Management, Inc. (NYSE:WM) Given Average Recommendation of “Hold” by Brokerages

Shares of Waste Management, Inc. (NYSE:WMGet Free Report) have been assigned an average rating of “Hold” from the nineteen analysts that are covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $217.61.

WM has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their price objective on shares of Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Waste Management in a research note on Wednesday, May 22nd. They set a “buy” rating and a $241.00 target price for the company. CIBC boosted their target price on shares of Waste Management from $207.00 to $220.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Morgan Stanley boosted their target price on shares of Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, TD Cowen boosted their target price on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, April 29th.

View Our Latest Research Report on WM

Waste Management Price Performance

Shares of NYSE WM opened at $210.01 on Wednesday. Waste Management has a twelve month low of $149.71 and a twelve month high of $214.54. The firm has a market cap of $84.23 billion, a P/E ratio of 34.37, a PEG ratio of 2.45 and a beta of 0.74. The company has a 50 day moving average of $208.07 and a 200 day moving average of $201.65. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23.

Waste Management (NYSE:WMGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period in the previous year, the business earned $1.31 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts expect that Waste Management will post 7.31 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, June 7th. Waste Management’s dividend payout ratio is currently 49.10%.

Insider Buying and Selling

In related news, VP Michael J. Watson sold 4,208 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the transaction, the vice president now owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its holdings in shares of Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Waste Management during the 2nd quarter valued at about $31,000. Sachetta LLC bought a new position in shares of Waste Management during the 4th quarter valued at about $27,000. Opal Wealth Advisors LLC bought a new position in shares of Waste Management during the 1st quarter valued at about $35,000. Finally, Gilfoyle & Co LLC bought a new position in shares of Waste Management during the 4th quarter valued at about $30,000. Institutional investors own 80.40% of the company’s stock.

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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Analyst Recommendations for Waste Management (NYSE:WM)

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