Waste Management (WM) Getting Somewhat Positive News Coverage, Study Shows
News stories about Waste Management (NYSE:WM) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Waste Management earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 46.5474883836896 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Waste Management (NYSE:WM) traded down 0.18% during mid-day trading on Friday, reaching $78.27. The company’s stock had a trading volume of 1,917,443 shares. Waste Management has a 12 month low of $61.08 and a 12 month high of $78.82. The firm has a market capitalization of $34.42 billion, a PE ratio of 29.54 and a beta of 0.71. The stock’s 50-day moving average is $76.29 and its 200-day moving average is $73.93.
Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.62 billion. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. On average, equities analysts anticipate that Waste Management will post $3.19 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Thursday, September 7th. Waste Management’s dividend payout ratio is currently 58.42%.
A number of brokerages recently issued reports on WM. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Wednesday, June 14th. Credit Suisse Group raised their price target on Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 28th. BMO Capital Markets assumed coverage on Waste Management in a research report on Thursday, June 29th. They set an “outperform” rating and a $81.00 price target on the stock. Oppenheimer Holdings, Inc. lifted their price target on Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 5th. Finally, Stifel Nicolaus boosted their price objective on Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $76.19.
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In other news, Director John C. Pope sold 453 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $74.38, for a total value of $33,694.14. Following the transaction, the director now directly owns 51,470 shares in the company, valued at approximately $3,828,338.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Patrick W. Gross sold 487 shares of Waste Management stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total transaction of $36,369.16. Following the completion of the transaction, the director now directly owns 23,222 shares of the company’s stock, valued at $1,734,218.96. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.
Waste Management Company Profile
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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