Waste Management (NYSE:WM) Given New $235.00 Price Target at Morgan Stanley

Waste Management (NYSE:WMFree Report) had its price objective lifted by Morgan Stanley from $227.00 to $235.00 in a report issued on Friday,Benzinga reports. The firm currently has an equal weight rating on the business services provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Truist Financial increased their target price on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Stifel Nicolaus raised their price target on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. BMO Capital Markets raised their target price on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Oppenheimer raised their target price on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada raised their target price on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $232.61.

Check Out Our Latest Stock Report on Waste Management

Waste Management Stock Down 1.0 %

Shares of NYSE:WM opened at $220.10 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company has a market cap of $88.34 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.20 and a beta of 0.77. Waste Management has a 52 week low of $184.72 and a 52 week high of $230.39. The firm has a 50 day simple moving average of $212.19 and a 200 day simple moving average of $211.32.

Waste Management (NYSE:WMGet Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. As a group, research analysts expect that Waste Management will post 7.99 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is currently 44.12%.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Waste Management

Institutional investors have recently modified their holdings of the business. Activest Wealth Management increased its holdings in shares of Waste Management by 4,000.0% in the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after acquiring an additional 120 shares in the last quarter. Global Wealth Strategies & Associates increased its stake in Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. General Partner Inc. acquired a new stake in Waste Management during the 4th quarter worth approximately $29,000. Sugar Maple Asset Management LLC acquired a new position in shares of Waste Management in the fourth quarter valued at approximately $35,000. Finally, Pineridge Advisors LLC bought a new stake in shares of Waste Management during the fourth quarter worth $35,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Company Profile

(Get Free Report)

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

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