Press coverage about Waste Management (NYSE:WM) has been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Waste Management earned a daily sentiment score of 1.67 on their scale. InfoTrie also assigned media headlines about the business services provider an news buzz score of 2 out of 10, meaning that recent media coverage is very unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have effected Waste Management’s score:
- Waste Management- A “Steady Eddie” (finance.yahoo.com)
- Waste Management- A "Steady Eddie" (finance.yahoo.com)
- Insider Selling: Waste Management, Inc. (WM) CFO Sells 8,107 Shares of Stock (americanbankingnews.com)
- Waste Management (WM) & China Industrial Waste Management (CIWT) Financial Review (americanbankingnews.com)
- Waste Management (WM) Earning Somewhat Positive Press Coverage, Report Finds (americanbankingnews.com)
Shares of WM opened at $92.86 on Friday. The stock has a market capitalization of $39.49 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 1.82 and a beta of 0.64. Waste Management has a fifty-two week low of $78.39 and a fifty-two week high of $95.49. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.84 and a current ratio of 0.87.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a $0.465 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.00%. Waste Management’s dividend payout ratio is 57.76%.
WM has been the topic of several recent analyst reports. Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a report on Thursday, September 20th. BMO Capital Markets boosted their price objective on Waste Management to $98.00 and gave the stock an “overweight” rating in a report on Monday, October 8th. They noted that the move was a valuation call. UBS Group set a $90.00 price objective on Waste Management and gave the stock a “hold” rating in a report on Friday, October 26th. Oppenheimer restated a “buy” rating and set a $95.00 price objective on shares of Waste Management in a report on Thursday, October 25th. Finally, Raymond James restated a “buy” rating on shares of Waste Management in a report on Monday, October 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $98.14.
In related news, CFO Devina A. Rankin sold 8,107 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $94.41, for a total value of $765,381.87. Following the completion of the sale, the chief financial officer now owns 21,373 shares of the company’s stock, valued at approximately $2,017,824.93. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jeff M. Harris sold 24,500 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $90.00, for a total value of $2,205,000.00. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
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Waste Management Company Profile
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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