Waste Management Inc. (WM) Downgraded by Vetr Inc.
Vetr lowered shares of Waste Management Inc. (NYSE:WM) from a buy rating to a hold rating in a research report report published on Wednesday morning. They currently have $68.25 price target on the stock.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Waste Management from a hold rating to a buy rating and set a $74.00 price target on the stock in a research note on Friday, August 5th. Argus reaffirmed a buy rating and issued a $72.00 price target on shares of Waste Management in a research note on Wednesday, August 10th. Stifel Nicolaus reaffirmed a buy rating and issued a $75.00 price target (up from $70.00) on shares of Waste Management in a research note on Monday, July 18th. Bank of America Corp. raised Waste Management from a neutral rating to a buy rating and set a $72.00 price target on the stock in a research note on Monday, October 31st. Finally, Barclays PLC cut Waste Management from an overweight rating to an equal weight rating and upped their price target for the stock from $66.00 to $70.00 in a research note on Tuesday, August 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $68.23.
Shares of Waste Management (NYSE:WM) opened at 67.61 on Wednesday. The company has a market capitalization of $29.88 billion, a PE ratio of 27.13 and a beta of 0.72. Waste Management has a 1-year low of $50.36 and a 1-year high of $70.50. The stock’s 50 day moving average price is $63.50 and its 200-day moving average price is $63.69.
Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Waste Management had a return on equity of 24.07% and a net margin of 8.36%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, equities analysts predict that Waste Management will post $2.92 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Wednesday, November 30th. Waste Management’s dividend payout ratio is 65.34%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alexandria Capital LLC increased its position in Waste Management by 2.7% in the second quarter. Alexandria Capital LLC now owns 1,583 shares of the company’s stock worth $105,000 after buying an additional 41 shares in the last quarter. Hudock Capital Group LLC increased its position in Waste Management by 0.6% in the second quarter. Hudock Capital Group LLC now owns 1,715 shares of the company’s stock worth $113,000 after buying an additional 11 shares in the last quarter. Cribstone Capital Management LLC purchased a new position in Waste Management during the second quarter worth $132,000. Financial Architects Inc increased its position in Waste Management by 0.8% in the second quarter. Financial Architects Inc now owns 2,003 shares of the company’s stock worth $132,000 after buying an additional 16 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in Waste Management by 320.0% in the second quarter. Chicago Partners Investment Group LLC now owns 2,100 shares of the company’s stock worth $139,000 after buying an additional 1,600 shares in the last quarter. 75.13% of the stock is currently owned by institutional investors.
Waste Management Company Profile
Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.
To view Vetr’s full report, visit Vetr’s official website.
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