Media stories about Waste Management (NYSE:WM) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing 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 media sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 46.4620613953232 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Talkin’ Trash: WM exec thinks MRF jobs not for ‘everybody’, New Hampshire voters snub Casella – Waste Dive (wastedive.com)
- Is The Stock A Good Investment? – Waste Management Inc (NYSE: WM) – Alpha Beta Stock (alphabetastock.com)
- Sunshine Recycling of Orlando Lands Long-term Waste Management Contract with Lakeview Pointe Apartments (prweb.com)
- Star Mountain Capital, Together with HighTower Advisors Convened Small Business Owners in New York City (bizjournals.com)
- Global Automotive Waste Management Market – Transition in Automobile Industry is an Emerging Trend – Technavio (markets.financialcontent.com)
Shares of WM stock traded up $0.14 during mid-day trading on Friday, reaching $86.39. The company’s stock had a trading volume of 3,560,686 shares, compared to its average volume of 2,364,375. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.77 and a current ratio of 0.80. Waste Management has a 52-week low of $70.08 and a 52-week high of $89.73. The company has a market capitalization of $37,465.10, a price-to-earnings ratio of 19.59, a P/E/G ratio of 1.96 and a beta of 0.70.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.465 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.86 annualized dividend and a yield of 2.15%. This is a positive change from Waste Management’s previous quarterly dividend of $0.43. Waste Management’s payout ratio is 42.18%.
Waste Management announced that its board has authorized a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
Several equities analysts recently commented on WM shares. Stifel Nicolaus upgraded Waste Management from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $95.00 in a research report on Monday, December 11th. Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Tuesday, December 26th. Macquarie upgraded Waste Management from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 3rd. UBS upgraded Waste Management from a “market perform” rating to an “outperform” rating in a research report on Friday, February 16th. Finally, Raymond James Financial upgraded Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 target price for the company in a research report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Waste Management has a consensus rating of “Buy” and a consensus target price of $90.44.
In other news, VP Jeff M. Harris sold 8,820 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $87.80, for a total value of $774,396.00. Following the completion of the sale, the vice president now owns 80,203 shares of the company’s stock, valued at approximately $7,041,823.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jeff M. Harris sold 60,088 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $86.67, for a total value of $5,207,826.96. Following the completion of the sale, the vice president now directly owns 80,203 shares of the company’s stock, valued at approximately $6,951,194.01. The disclosure for this sale can be found here. In the last three months, insiders sold 106,291 shares of company stock valued at $9,154,833. 0.19% of the stock is currently owned by corporate insiders.
About Waste Management
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.
Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.