News headlines about Waste Management (NYSE:WM) have trended somewhat positive on Saturday, according to AlphaOne Sentiment. The research group, a subsidiary of Accern, ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Waste Management earned a news sentiment score of 0.14 on AlphaOne’s scale. AlphaOne also assigned headlines about the business services provider an impact score of 79 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Alpha One Sentiment’s analysis:
- Waste Management, Inc. (WM) Going Through Hard Times This Year – StockNewsMagazine (stocknewsmagazine.com)
- Waste Management, Inc. (WM) CEO James C. Fish, Jr. Sells 3,500 Shares (americanbankingnews.com)
- Waste Management, Inc. (WM) Upgraded at Zacks Investment Research (americanbankingnews.com)
- The Waste Management, Inc. (WM) Stake Reduced by Moloney Securities Asset Management LLC – BangaloreWeekly (bangaloreweekly.com)
- Focusing the Lens On This Dividend Stock: Waste Management, Inc. (NYSE:WM) – Lenox Ledger (lenoxledger.com)
Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.33 billion. Waste Management had a return on equity of 24.07% and a net margin of 8.36%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be paid a $0.425 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $1.70 dividend on an annualized basis and a yield of 2.41%. Waste Management’s dividend payout ratio (DPR) is presently 65.34%.
Several research firms recently weighed in on WM. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Tuesday. KeyCorp raised their target price on shares of Waste Management from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 11th. Barclays PLC cut shares of Waste Management from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $70.00 to $73.00 in a research note on Wednesday, March 1st. They noted that the move was a valuation call. Wedbush raised their target price on shares of Waste Management from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, February 21st. Finally, Oppenheimer Holdings Inc. set a $75.00 target price on shares of Waste Management and gave the company a “buy” rating in a research note on Saturday, February 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Waste Management presently has a consensus rating of “Hold” and a consensus price target of $71.93.
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In other Waste Management news, CEO James C. Fish, Jr. sold 3,500 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $72.25, for a total value of $252,875.00. Following the completion of the transaction, the chief executive officer now owns 154,662 shares in the company, valued at approximately $11,174,329.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Barry H. Caldwell sold 8,142 shares of the company’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $73.52, for a total value of $598,599.84. Following the completion of the transaction, the senior vice president now owns 35,916 shares of the company’s stock, valued at approximately $2,640,544.32. The disclosure for this sale can be found here. Insiders sold a total of 94,747 shares of company stock valued at $6,915,669 in the last 90 days. Corporate insiders own 0.42% of the company’s stock.
About Waste Management
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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