Waste Management, Inc. (NYSE:WM) Receives $228.94 Average PT from Analysts

Waste Management, Inc. (NYSE:WM) has been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the firm, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $228.94.

A number of research firms have weighed in on WM. BMO Capital Markets upped their price target on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Morgan Stanley increased their price target on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Oppenheimer lifted their target price on Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Truist Financial upped their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the sale, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Waste Management

Several hedge funds and other institutional investors have recently modified their holdings of the business. Activest Wealth Management lifted its holdings in Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Waste Management in the second quarter valued at approximately $31,000. Fairway Wealth LLC grew its stake in Waste Management by 62.9% in the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Fairscale Capital LLC purchased a new position in Waste Management during the 2nd quarter worth $39,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Waste Management in the 2nd quarter worth $36,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Price Performance

Shares of Waste Management stock opened at $225.13 on Friday. The stock has a market cap of $90.36 billion, a P/E ratio of 34.42, a P/E/G ratio of 2.40 and a beta of 0.74. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The stock’s fifty day moving average is $215.17 and its 200 day moving average is $210.71. Waste Management has a one year low of $171.15 and a one year high of $230.39.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.89 by $0.07. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 earnings per share. Sell-side analysts anticipate that Waste Management will post 7.32 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is 45.87%.

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.