Press coverage about Waste Management (NYSE:WM) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Waste Management earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.4555543960099 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- 50000 Shares in Waste Management (WM) Purchased by Caption Management LLC – StockNewsTimes (nigeriatoday.ng)
- Waste Management (WM) Expected to Post Earnings of $0.82 Per Share (americanbankingnews.com)
- SA waste firm looks at powering own electric propulsion (fullyloaded.com.au)
- What You Must Know About Waste Management Inc’s (NYSE:WM) Financial Strength (finance.yahoo.com)
- Free Research Report as Waste Management’s Quarterly Revenue Grew 5.5%; Adjusted EPS Advanced 13% (finance.yahoo.com)
WM stock opened at $84.12 on Friday. The company has a market capitalization of $36,073.00, a PE ratio of 25.83, a PEG ratio of 1.88 and a beta of 0.70. Waste Management has a twelve month low of $70.08 and a twelve month high of $89.73. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.80 and a quick ratio of 0.77.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were issued a $0.465 dividend. This is an increase from Waste Management’s previous quarterly dividend of $0.43. This represents a $1.86 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Thursday, March 8th. Waste Management’s dividend payout ratio is presently 42.18%.
Waste Management announced that its board has authorized a stock buyback plan on Thursday, December 14th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
A number of brokerages recently issued reports on WM. Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price target on shares of Waste Management in a report on Thursday, January 4th. UBS began coverage on Waste Management in a report on Wednesday, March 14th. They issued a “neutral” rating and a $93.00 price target for the company. Macquarie raised Waste Management from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 3rd. Finally, Raymond James Financial raised Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 price target for the company in a report on Friday, February 16th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $90.44.
In other news, VP Jeff M. Harris sold 60,088 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $86.67, for a total transaction of $5,207,826.96. Following the completion of the sale, the vice president now owns 80,203 shares in the company, valued at $6,951,194.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick W. Gross sold 387 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $88.30, for a total value of $34,172.10. Following the sale, the director now owns 30,673 shares of the company’s stock, valued at approximately $2,708,425.90. The disclosure for this sale can be found here. Insiders sold 106,291 shares of company stock valued at $9,154,833 over the last three months. Corporate insiders own 0.19% of the company’s stock.
Waste Management Company Profile
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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