Waste Management (NYSE:WM) PT Lowered to $216.00

Waste Management (NYSE:WM) had its price objective reduced by Robert W. Baird from $226.00 to $216.00 in a report published on Friday morning, Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

A number of other research analysts have also commented on the company. Truist Financial lowered their price objective on Waste Management from $240.00 to $235.00 and set a buy rating on the stock in a report on Thursday, July 11th. 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. Royal Bank of Canada boosted their target price on Waste Management from $211.00 to $215.00 and gave the stock a sector perform rating in a research report on Friday, April 26th. BMO Capital Markets upped their price target on shares of Waste Management from $207.00 to $212.00 and gave the company a market perform rating in a report on Friday, April 26th. Finally, Erste Group Bank restated a hold rating on shares of Waste Management in a report on Friday, June 14th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Waste Management has an average rating of Hold and an average price target of $215.83.

Waste Management Price Performance

Shares of WM opened at $200.54 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. Waste Management has a 12 month low of $149.71 and a 12 month high of $225.00. The stock has a fifty day moving average price of $209.35 and a 200 day moving average price of $205.19. The company has a market cap of $80.48 billion, a P/E ratio of 32.82, a PEG ratio of 2.16 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.82. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.51 EPS. On average, research analysts forecast that Waste Management will post 7.31 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.50%. Waste Management’s payout ratio is 49.10%.

Insiders Place Their Bets

In other news, VP Michael J. Watson sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the sale, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the transaction, the vice president now directly owns 44,144 shares in the company, valued at $9,711,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael J. Watson sold 4,208 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the sale, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Waste Management

A number of hedge funds have recently bought and sold shares of the company. Birch Hill Investment Advisors LLC lifted 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 valued at $1,132,000 after purchasing an additional 332 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Waste Management by 13,927.7% during 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 acquiring an additional 500,701 shares during the last quarter. DSM Capital Partners LLC bought a new stake in shares of Waste Management in the fourth quarter worth approximately $38,000. Capital Wealth Planning LLC purchased a new position in shares of Waste Management during the fourth quarter valued at approximately $86,364,000. Finally, Dai ichi Life Insurance Company Ltd boosted its holdings in Waste Management by 2.5% in the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 173,782 shares of the business services provider’s stock worth $31,124,000 after purchasing an additional 4,199 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

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.