Waste Management, Inc. (NYSE:WM) Given Consensus Recommendation of “Hold” by Brokerages

Waste Management, Inc. (NYSE:WMGet Free Report) has received a consensus recommendation of “Hold” from the nineteen brokerages that are covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $217.61.

A number of equities analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Stifel Nicolaus lifted their target price on shares of Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. UBS Group downgraded shares of Waste Management from a “buy” rating to a “neutral” rating and upped their price target for the company from $190.00 to $205.00 in a research report on Wednesday, February 14th. Jefferies Financial Group raised their price target on shares of Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, BMO Capital Markets lifted their price objective on Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a research report on Friday, April 26th.

Get Our Latest Report on WM

Insider Activity at Waste Management

In other news, VP Michael J. Watson sold 4,208 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the transaction, the vice president now owns 45,644 shares of the company’s stock, valued at $9,324,156.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Waste Management

A number of large investors have recently bought and sold shares of WM. McClarren Financial Advisors Inc. lifted its position in Waste Management by 29.7% in the 1st quarter. McClarren Financial Advisors Inc. now owns 214 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 49 shares in the last quarter. Mayflower Financial Advisors LLC grew its position in Waste Management by 1.2% during the first quarter. Mayflower Financial Advisors LLC now owns 4,273 shares of the business services provider’s stock valued at $911,000 after buying an additional 50 shares during the period. Cypress Asset Management Inc. TX increased its position in Waste Management by 1.2% in the first quarter. Cypress Asset Management Inc. TX now owns 4,256 shares of the business services provider’s stock worth $907,000 after buying an additional 50 shares during the last quarter. McAdam LLC boosted its position in Waste Management by 4.0% during the first quarter. McAdam LLC now owns 1,317 shares of the business services provider’s stock worth $281,000 after purchasing an additional 51 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Waste Management by 4.4% in the first quarter. Larson Financial Group LLC now owns 1,228 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 52 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Performance

Waste Management stock opened at $200.87 on Friday. Waste Management has a 12-month low of $149.71 and a 12-month high of $214.54. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85. The company has a market capitalization of $80.56 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74. The firm’s fifty day moving average price is $207.40 and its 200 day moving average price is $196.81.

Waste Management (NYSE:WMGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (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 business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the firm earned $1.31 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, research analysts forecast that Waste Management will post 7.32 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.49%. Waste Management’s payout ratio is presently 49.10%.

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.

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Analyst Recommendations for Waste Management (NYSE:WM)

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