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

Other analysts also recently issued reports about the stock. UBS Group reiterated a hold rating on shares of Deutsche Bank in a report on Thursday, April 4th. Oppenheimer assumed coverage on shares of Pareteum in a research report on Friday, April 26th. They issued an outperform rating and a $7.00 price objective for the company. Royal Bank of Canada set a €67.00 ($77.91) price objective on shares of Daimler and gave the company a buy rating in a research report on Monday, June 3rd. Argus upped their price target on shares of Waste Management from $110.00 to $115.00 and gave the stock a buy rating in a research report on Friday, April 26th. Finally, KeyCorp cut shares of Luxfer from an overweight rating to a sector weight rating and set a $24.30 price target for the company. in a research report on Monday, June 3rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Waste Management currently has a consensus rating of Buy and a consensus price target of $111.67.

Shares of WM stock traded down $0.54 on Monday, hitting $117.25. 1,706,672 shares of the stock traded hands, compared to its average volume of 1,743,832. The stock has a market cap of $50.03 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 3.16 and a beta of 0.62. Waste Management has a 52 week low of $81.01 and a 52 week high of $118.11. The business has a 50 day moving average price of $113.56. The company has a current ratio of 0.69, a quick ratio of 0.66 and a debt-to-equity ratio of 1.45.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a dividend of $0.5125 per share. This represents a $2.05 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, June 6th. Waste Management’s payout ratio is 48.81%.

In related news, CEO James C. Fish, Jr. sold 84,314 shares of Waste Management stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $116.51, for a total value of $9,823,424.14. Following the completion of the transaction, the chief executive officer now owns 282,921 shares in the company, valued at $32,963,125.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John J. Morris sold 42,795 shares of Waste Management stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $106.38, for a total transaction of $4,552,532.10. Following the completion of the transaction, the executive vice president now owns 101,332 shares of the company’s stock, valued at approximately $10,779,698.16. The disclosure for this sale can be found here. Insiders sold 127,809 shares of company stock valued at $14,449,141 over the last quarter. Company insiders own 0.14% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in WM. Norges Bank acquired a new position in shares of Waste Management in the 4th quarter valued at $402,210,000. Nordea Investment Management AB increased its stake in shares of Waste Management by 22.9% during the 1st quarter. Nordea Investment Management AB now owns 2,936,324 shares of the business services provider’s stock valued at $305,112,000 after acquiring an additional 547,291 shares during the last quarter. FMR LLC increased its position in Waste Management by 136.9% during the 4th quarter. FMR LLC now owns 817,457 shares of the business services provider’s stock worth $72,745,000 after purchasing an additional 472,388 shares in the last quarter. California Public Employees Retirement System increased its position in Waste Management by 14.9% during the 1st quarter. California Public Employees Retirement System now owns 2,894,015 shares of the business services provider’s stock worth $300,717,000 after purchasing an additional 374,826 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Waste Management by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 5,208,586 shares of the business services provider’s stock worth $462,699,000 after purchasing an additional 326,408 shares in the last quarter. 73.55% of the stock is currently owned by institutional investors.

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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