Waste Management (NYSE:WM) Price Target Increased to $125.00 by Analysts at Stifel Nicolaus

Waste Management (NYSE:WM) had its target price raised by Stifel Nicolaus from $120.00 to $125.00 in a report released on Monday morning, BenzingaRatingsTable reports. They currently have a buy rating on the business services provider’s stock.

A number of other research firms have also recently commented on WM. Oppenheimer initiated coverage on Pareteum in a report on Friday, April 26th. They set an outperform rating and a $7.00 price target for the company. UBS Group reissued a hold rating on shares of Deutsche Bank in a report on Thursday, April 4th. KeyCorp cut Luxfer from an overweight rating to a sector weight rating and set a $24.30 price target for the company. in a report on Monday, June 3rd. Royal Bank of Canada set a €67.00 ($77.91) price target on Daimler and gave the stock a buy rating in a report on Monday, June 3rd. Finally, Argus boosted their price target on Waste Management from $110.00 to $115.00 and gave the stock a buy rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $111.67.

Shares of NYSE WM opened at $117.25 on Monday. The firm has a market cap of $50.03 billion, a PE ratio of 27.92, a PEG ratio of 3.16 and a beta of 0.62. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.69 and a quick ratio of 0.66. The firm has a fifty day moving average of $113.71. Waste Management has a fifty-two week low of $81.01 and a fifty-two week high of $118.11.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.03. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.68 billion. Waste Management had a return on equity of 29.12% and a net margin of 12.43%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 EPS. As a group, equities research analysts expect that Waste Management will post 4.3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a dividend of $0.5125 per share. The ex-dividend date was Thursday, June 6th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.75%. Waste Management’s dividend payout ratio (DPR) is currently 48.81%.

In related news, CEO James C. Fish, Jr. sold 84,314 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $116.51, for a total transaction of $9,823,424.14. Following the sale, the chief executive officer now owns 282,921 shares in the company, valued at approximately $32,963,125.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael J. Watson sold 700 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $104.55, for a total value of $73,185.00. Following the sale, the vice president now owns 9,518 shares in the company, valued at approximately $995,106.90. The disclosure for this sale can be found here. Insiders have sold a total of 127,809 shares of company stock valued at $14,449,141 in the last three months. 0.14% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of WM. Executive Wealth Management LLC bought a new stake in shares of Waste Management in the 4th quarter valued at about $26,000. Washington Trust Bank bought a new stake in shares of Waste Management in the 1st quarter valued at about $28,000. Joseph P. Lucia & Associates LLC bought a new stake in shares of Waste Management in the 1st quarter valued at about $31,000. Hanson McClain Inc. grew its position in shares of Waste Management by 51.0% in the 1st quarter. Hanson McClain Inc. now owns 302 shares of the business services provider’s stock valued at $31,000 after buying an additional 102 shares during the last quarter. Finally, PRW Wealth Management LLC bought a new stake in shares of Waste Management in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 73.55% of the company’s stock.

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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