Shares of Waste Management, Inc. (NYSE:WM) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $75.41.

Several research analysts have recently issued reports on WM shares. Oppenheimer Holdings, Inc. increased their price objective on shares of Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Thursday, June 22nd. BMO Capital Markets started coverage on shares of Waste Management in a report on Thursday, June 29th. They issued an “outperform” rating and a $81.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Credit Suisse Group increased their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, June 28th.

In related news, Director John C. Pope sold 453 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $74.38, for a total value of $33,694.14. Following the completion of the sale, the director now owns 51,470 shares in the company, valued at approximately $3,828,338.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Patrick W. Gross sold 487 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 23,222 shares of the company’s stock, valued at approximately $1,734,218.96. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Several large investors have recently modified their holdings of WM. GFS Advisors LLC lifted its position in shares of Waste Management by 8.3% in the 1st quarter. GFS Advisors LLC now owns 11,808 shares of the business services provider’s stock valued at $861,000 after acquiring an additional 908 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Waste Management by 158.7% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 61,888 shares of the business services provider’s stock valued at $4,513,000 after acquiring an additional 37,965 shares in the last quarter. LSV Asset Management lifted its position in shares of Waste Management by 11.4% in the 1st quarter. LSV Asset Management now owns 1,221,400 shares of the business services provider’s stock valued at $89,064,000 after acquiring an additional 125,100 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Waste Management in the 1st quarter valued at approximately $127,000. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Waste Management by 0.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 659,995 shares of the business services provider’s stock valued at $48,127,000 after acquiring an additional 2,320 shares in the last quarter. Institutional investors and hedge funds own 74.93% of the company’s stock.

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Waste Management (NYSE WM) traded up 0.23% during midday trading on Wednesday, hitting $78.18. 1,233,701 shares of the stock were exchanged. Waste Management has a 52 week low of $61.08 and a 52 week high of $78.39. The firm’s 50-day moving average is $76.10 and its 200 day moving average is $73.85. The stock has a market cap of $34.40 billion, a price-to-earnings ratio of 26.77 and a beta of 0.71.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.81. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. Equities research analysts expect that Waste Management will post $3.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, September 7th. Waste Management’s payout ratio is 58.42%.

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.

Analyst Recommendations for Waste Management (NYSE:WM)

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