1 day Ago By ABMN Staff
StockNews.com upgraded shares of Waste Management ( NYSE:WM – Free Report ) from a hold rating to a buy rating in a report issued on Tuesday morning. WM has been the topic of several other reports.
Jefferies Financial Group reduced their target price on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd.
Morgan Stanley upped their target price on Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, January 31st.
Oppenheimer upped their target price on Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st.
CIBC upped their target price on Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th.
Finally, Raymond James upped their target price on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st.
Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $239.53.
Check Out Our Latest Stock Report on WM Waste Management Stock Performance Waste Management ( NYSE:WM – Get Free Report ) last released its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.
59 by $0.08. The company had revenue of $6.
02 billion for the quarter, compared to analysts’ expectations of $6.14 billion. Waste Management had a return on equity of 37.
93% and a net margin of 12.45%. The business’s quarterly revenue was up 16.
7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.75 earnings per share.
Equities research analysts anticipate that Waste Management will post 7.7 earnings per share for the current year. Waste Management Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, March 28th.
Stockholders of record on Friday, March 14th were given a dividend of $0.825 per share. This represents a $3.
30 dividend on an annualized basis and a dividend yield of 1.44%. This is a positive change from Waste Management’s previous quarterly dividend of $0.
75. The ex-dividend date was Friday, March 14th. Waste Management’s dividend payout ratio is presently 48.
53%. Insider Activity at Waste Management In related news, SVP Tara J. Hemmer sold 4,576 shares of the stock in a transaction on Tuesday, February 4th.
The stock was sold at an average price of $222.12, for a total value of $1,016,421.12.
Following the completion of the sale, the senior vice president now directly owns 58,765 shares of the company’s stock, valued at approximately $13,052,881.80. This represents a 7.
22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, SVP Johnson Varkey sold 124 shares of the stock in a transaction on Monday, March 3rd.
The shares were sold at an average price of $234.96, for a total value of $29,135.04.
Following the completion of the sale, the senior vice president now directly owns 8,491 shares of the company’s stock, valued at $1,995,045.36. The trade was a 1.
44 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last three months, insiders sold 95,577 shares of company stock valued at $21,662,464.
0.18% of the stock is owned by insiders. Institutional Inflows and Outflows Institutional investors have recently bought and sold shares of the business.
Westend Capital Management LLC grew its stake in Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 66 shares during the period.
Global Wealth Strategies & Associates grew its stake in Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the period.
Transce3nd LLC bought a new position in Waste Management in the 4th quarter valued at $28,000. West Branch Capital LLC grew its stake in Waste Management by 69.0% in the 1st quarter.
West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 49 shares during the period. Finally, General Partner Inc. bought a new position in Waste Management in the 4th quarter valued at $29,000.
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. See Also Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter .
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