Waste Management (NYSE:WM) Given New $229.00 Price Target at Raymond James

Waste Management (NYSE:WM) had its price objective boosted by Raymond James from $219.00 to $229.00 in a research report report published on Friday, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

WM has been the topic of several other research reports. Truist Financial lifted their price target on shares of Waste Management from $220.00 to $240.00 and gave the stock a buy rating in a research note on Friday. Stifel Nicolaus lifted their price target on shares of Waste Management from $215.00 to $227.00 and gave the stock a buy rating in a research note on Friday. Citigroup lifted their price target on shares of Waste Management from $215.00 to $226.00 and gave the stock a buy rating in a research note on Thursday, February 15th. BMO Capital Markets lifted their target price on shares of Waste Management from $207.00 to $212.00 and gave the company a market perform rating in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Waste Management from $165.00 to $197.00 and gave the company a neutral rating in a research note on Thursday, February 15th. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $214.21.

Waste Management Trading Down 1.2 %

NYSE:WM opened at $210.07 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 2.23. Waste Management has a 12 month low of $149.71 and a 12 month high of $214.54. The company has a market cap of $84.30 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The company has a 50 day simple moving average of $208.54 and a two-hundred day simple moving average of $186.87.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.23. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 EPS. Research analysts forecast that Waste Management will post 6.88 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.75 dividend. This is an increase from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Thursday, March 14th. Waste Management’s payout ratio is currently 49.10%.

Insider Buying and Selling at Waste Management

In other Waste Management news, EVP Charles C. Boettcher sold 3,275 shares of Waste Management stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $199.49, for a total value of $653,329.75. Following the sale, the executive vice president now directly owns 36,403 shares in the company, valued at approximately $7,262,034.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Waste Management news, EVP Charles C. Boettcher sold 3,275 shares of Waste Management stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $199.49, for a total value of $653,329.75. Following the sale, the executive vice president now directly owns 36,403 shares in the company, valued at approximately $7,262,034.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the sale, the executive vice president now owns 29,677 shares in the company, valued at $6,217,331.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,007 shares of company stock worth $3,696,520. Insiders own 0.18% of the company’s stock.

Institutional Trading of Waste Management

A number of large investors have recently made changes to their positions in WM. Hexagon Capital Partners LLC increased its holdings in shares of Waste Management by 170.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after buying an additional 75 shares during the last quarter. Sachetta LLC bought a new stake in shares of Waste Management in the 4th quarter worth about $27,000. Gilfoyle & Co LLC bought a new stake in shares of Waste Management in the 4th quarter worth about $30,000. Millburn Ridgefield Corp bought a new stake in shares of Waste Management in the 3rd quarter worth about $35,000. Finally, Opal Wealth Advisors LLC bought a new position in Waste Management during the 1st quarter valued at about $35,000. 80.40% of the stock is currently owned by institutional investors.

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.