Waste Management (NYSE:WM) PT Raised to $235.00

Waste Management (NYSE:WM) had its price target upped by TD Cowen from $220.00 to $235.00 in a research note published on Monday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other research analysts have also issued reports about the company. Truist Financial increased their price objective on Waste Management from $220.00 to $240.00 and gave the stock a buy rating in a research report on Friday, April 26th. BMO Capital Markets raised their price objective on Waste Management from $207.00 to $212.00 and gave the stock a market perform rating in a research report on Friday, April 26th. Stifel Nicolaus upped their target price on shares of Waste Management from $215.00 to $227.00 and gave the company a buy rating in a research report on Friday, April 26th. StockNews.com upgraded shares of Waste Management from a buy rating to a strong-buy rating in a research report on Tuesday, April 9th. Finally, Citigroup upped their price objective on shares of Waste Management from $215.00 to $226.00 and gave the stock a buy rating in a report on Thursday, February 15th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $216.24.

Waste Management Stock Down 0.6 %

NYSE WM opened at $206.71 on Monday. 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 has a 52 week low of $149.71 and a 52 week high of $214.54. The business’s fifty day simple moving average is $208.93 and its 200-day simple moving average is $188.17. The firm has a market cap of $82.91 billion, a PE ratio of 33.83, a P/E/G ratio of 2.80 and a beta of 0.72.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, April 24th. The business services provider reported $1.75 EPS 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 for the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the firm earned $1.31 earnings per share. Waste Management’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Waste Management will post 7.19 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.75 dividend. This is a boost from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Thursday, March 14th. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Insider Activity at Waste Management

In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total value of $523,750.00. Following the sale, the executive vice president now owns 29,677 shares of the company’s stock, valued at approximately $6,217,331.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP John J. Morris sold 8,889 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $207.46, for a total transaction of $1,844,111.94. Following the completion of the transaction, the executive vice president now owns 95,461 shares in the company, valued at $19,804,339.06. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Charles C. Boettcher sold 2,500 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the completion of the transaction, the executive vice president now directly owns 29,677 shares in the company, valued at approximately $6,217,331.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,007 shares of company stock worth $3,696,520. Company insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC grew its position in shares of Waste Management by 8.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider’s stock valued at $4,407,000 after buying an additional 2,272 shares during the last quarter. Birch Hill Investment Advisors LLC grew its holdings in shares of Waste Management by 5.5% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock worth $1,132,000 after purchasing an additional 332 shares during the last quarter. Ingalls & Snyder LLC increased its position in shares of Waste Management by 1.0% during the third quarter. Ingalls & Snyder LLC now owns 22,662 shares of the business services provider’s stock worth $3,455,000 after purchasing an additional 231 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Waste Management by 93.0% in the 4th quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider’s stock valued at $8,348,000 after purchasing an additional 22,455 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Waste Management by 13,927.7% in the 4th quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock valued at $90,319,000 after purchasing an additional 500,701 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Company Profile

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.