Brokerages Set Waste Management, Inc. (NYSE:WM) PT at $161.57

Waste Management, Inc. (NYSE:WMGet Rating) has been assigned an average recommendation of “Buy” from the nine brokerages that are covering the company, reports. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $161.57.

WM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Waste Management from $157.00 to $167.00 in a report on Thursday, April 28th. BMO Capital Markets lowered shares of Waste Management from an “outperform” rating to a “market perform” rating and set a $174.00 target price on the stock. in a report on Tuesday, April 12th. Raymond James upped their price objective on Waste Management from $167.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, April 22nd. Bank of America raised Waste Management from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $155.00 to $165.00 in a research note on Friday, May 13th. Finally, JPMorgan Chase & Co. initiated coverage on Waste Management in a research note on Tuesday, March 1st. They issued a “neutral” rating and a $153.00 price objective for the company.

In other news, SVP Nikolaj H. Sjoqvist sold 10,311 shares of the stock in a transaction dated 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 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 through this link. Also, CEO James C. Fish, Jr. sold 28,976 shares of the business’s stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $158.05, for a total value of $4,579,656.80. The disclosure for this sale can be found here. Insiders sold 89,103 shares of company stock valued at $14,671,775 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Steward Financial Group LLC purchased a new stake in shares of Waste Management in the fourth quarter valued at approximately $25,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Waste Management during the 4th quarter worth $25,000. Bell Investment Advisors Inc purchased a new position in shares of Waste Management in the 3rd quarter valued at about $27,000. Amplius Wealth Advisors LLC purchased a new stake in Waste Management during the fourth quarter worth about $27,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in Waste Management during the first quarter worth about $32,000. Institutional investors own 80.37% of the company’s stock.

Shares of Waste Management stock opened at $154.50 on Friday. The business has a 50 day simple moving average of $158.83 and a two-hundred day simple moving average of $157.06. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.80 and a quick ratio of 0.76. The stock has a market capitalization of $64.15 billion, a P/E ratio of 34.03, a PEG ratio of 2.53 and a beta of 0.79. Waste Management has a 12 month low of $136.97 and a 12 month high of $170.18.

Waste Management (NYSE:WMGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. The firm had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.45 billion. Waste Management had a net margin of 10.32% and a return on equity of 29.67%. Waste Management’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 earnings per share. As a group, research analysts anticipate that Waste Management will post 5.55 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Friday, June 3rd will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, June 2nd. This represents a $2.60 annualized dividend and a yield of 1.68%. Waste Management’s dividend payout ratio is currently 57.27%.

Waste Management Company Profile (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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