Waste Management, Inc. (NYSE:WM) declared a quarterly dividend on Tuesday, November 19th, Zacks reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.512 per share by the business services provider on Friday, December 20th. This represents a $2.05 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, December 5th.

Shares of WM traded up $0.49 during mid-day trading on Tuesday, reaching $112.14. The company had a trading volume of 8,946 shares, compared to its average volume of 1,806,712. Waste Management has a fifty-two week low of $83.49 and a fifty-two week high of $121.77. The firm has a fifty day simple moving average of $112.56 and a 200-day simple moving average of $114.64. The stock has a market cap of $47.90 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 3.15 and a beta of 0.60. The company has a current ratio of 1.86, a quick ratio of 1.82 and a debt-to-equity ratio of 1.94.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4 billion. Waste Management had a return on equity of 28.63% and a net margin of 11.35%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 EPS. As a group, equities analysts predict that Waste Management will post 4.35 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the company. Bank of America downgraded Waste Management from a “buy” rating to a “neutral” rating in a research report on Friday, October 18th. ValuEngine cut Waste Management from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. assumed coverage on shares of Waste Management in a research report on Wednesday, August 7th. They set a “neutral” rating and a $120.00 target price for the company. Stifel Nicolaus set a $125.00 price target on shares of Waste Management and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Macquarie restated an “outperform” rating and issued a $130.00 price target on shares of Waste Management in a report on Wednesday, September 4th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $117.08.

In other Waste Management news, SVP Tara J. Hmmer sold 4,639 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $110.36, for a total value of $511,960.04. Following the completion of the transaction, the senior vice president now owns 25,405 shares in the company, valued at approximately $2,803,695.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Michael J. Watson sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $112.00, for a total transaction of $112,000.00. Following the completion of the sale, the vice president now directly owns 13,857 shares of the company’s stock, valued at approximately $1,551,984. The disclosure for this sale can be found here. Insiders sold 14,125 shares of company stock worth $1,602,089 over the last three months. 0.14% of the stock is currently owned by corporate insiders.

About Waste Management

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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Dividend History for Waste Management (NYSE:WM)

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