Shares of Waste Management, Inc. (NYSE:WM) have earned an average rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $103.00.
A number of brokerages have recently weighed in on WM. UBS Group cut Waste Management from a “buy” rating to a “neutral” rating and increased their price target for the stock from $103.00 to $106.00 in a research report on Thursday, April 4th. Stifel Nicolaus upgraded Waste Management from a “hold” rating to a “buy” rating in a research report on Monday. Oppenheimer raised their target price on Waste Management from $95.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, February 15th. KeyCorp began coverage on Waste Management in a research report on Monday, February 4th. They issued an “overweight” rating and a $96.00 target price on the stock. Finally, Zacks Investment Research cut Waste Management from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th.
Shares of Waste Management stock traded up $0.02 on Thursday, reaching $104.28. 49,528 shares of the company were exchanged, compared to its average volume of 1,676,579. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $44.28 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 2.67 and a beta of 0.67. Waste Management has a 1-year low of $79.96 and a 1-year high of $105.68.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.5125 dividend. This is a boost from Waste Management’s previous quarterly dividend of $0.47. This represents a $2.05 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, March 7th. Waste Management’s dividend payout ratio (DPR) is currently 48.81%.
In related news, Director Patrick W. Gross sold 365 shares of the firm’s stock in a transaction that occurred on Thursday, January 17th. The stock was sold at an average price of $93.03, for a total value of $33,955.95. Following the sale, the director now directly owns 53,058 shares in the company, valued at approximately $4,935,985.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Devina A. Rankin sold 692 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $98.80, for a total value of $68,369.60. Following the transaction, the chief financial officer now directly owns 22,128 shares of the company’s stock, valued at $2,186,246.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,092 shares of company stock worth $402,648. 0.14% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of WM. We Are One Seven LLC bought a new position in Waste Management during the 4th quarter valued at $26,000. Larson Financial Group LLC bought a new stake in shares of Waste Management during the 4th quarter worth $26,000. Executive Wealth Management LLC bought a new stake in shares of Waste Management during the 4th quarter worth $26,000. Altshuler Shaham Ltd bought a new stake in shares of Waste Management during the 4th quarter worth $27,000. Finally, Washington Trust Bank bought a new stake in shares of Waste Management during the 1st quarter worth $28,000. 75.74% of the stock is owned by hedge funds and other institutional investors.
Waste Management Company Profile
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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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