Waste Management, Inc. (NYSE:WM) Receives $218.89 Consensus Price Target from Analysts

Waste Management, Inc. (NYSE:WM) has been given a consensus recommendation of “Moderate Buy” by the twenty-two research firms that are presently covering the company, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $218.89.

WM has been the subject of several recent research reports. BMO Capital Markets reduced their price target on Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research report on Friday, July 26th. Robert W. Baird dropped their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. CIBC decreased their target price on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Truist Financial cut their target price on shares of Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Finally, Scotiabank assumed coverage on Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 price objective for the company.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of Waste Management by 18.4% in the 4th quarter. Wellington Management Group LLP now owns 312,618 shares of the business services provider’s stock valued at $55,990,000 after buying an additional 48,549 shares during the period. Pinkerton Retirement Specialists LLC increased its position in shares of Waste Management by 18.6% during the first quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock worth $4,284,000 after acquiring an additional 3,145 shares during the period. Sunbelt Securities Inc. raised its stake in shares of Waste Management by 8.8% in the first quarter. Sunbelt Securities Inc. now owns 754 shares of the business services provider’s stock valued at $161,000 after acquiring an additional 61 shares in the last quarter. Trium Capital LLP grew its stake in Waste Management by 33.6% during the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after purchasing an additional 3,029 shares in the last quarter. Finally, Alaska Permanent Fund Corp increased its stake in shares of Waste Management by 240.6% during the first quarter. Alaska Permanent Fund Corp now owns 24,383 shares of the business services provider’s stock worth $5,197,000 after buying an additional 17,225 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Up 0.1 %

Shares of Waste Management stock opened at $213.79 on Friday. Waste Management has a 12-month low of $153.95 and a 12-month high of $225.00. The firm’s 50 day simple moving average is $207.82 and its two-hundred day simple moving average is $208.42. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $85.75 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 2.36 and a beta of 0.74.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.43 billion. During the same period last year, the business posted $1.51 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts predict that Waste Management will post 7.24 EPS for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

About Waste Management

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.