Media headlines about Waste Management (NYSE:WM) have trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Waste Management earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.4620613953232 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- WM named 2018 Best Company for Millennials (americanrecycler.com)
- Waste Management: A Boring, Trashy Portfolio Cornerstone (seekingalpha.com)
- Waste Management (WM) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- Q&A: Waste Management explains the ins and outs of Chico residential recycling (orovillemr.com)
- Analysts Expect Waste Management (WM) Will Announce Quarterly Sales of $3.57 Billion (americanbankingnews.com)
A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Tuesday, December 26th. Stifel Nicolaus raised shares of Waste Management from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $95.00 in a research report on Monday, December 11th. UBS began coverage on shares of Waste Management in a research report on Wednesday, March 14th. They set a “neutral” rating and a $93.00 target price for the company. Raymond James Financial raised shares of Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 price objective for the company in a research report on Friday, February 16th. Finally, Macquarie raised shares of Waste Management from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Waste Management currently has a consensus rating of “Buy” and an average price target of $90.44.
Waste Management (NYSE:WM) last released its earnings results on Thursday, February 15th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Waste Management had a return on equity of 25.48% and a net margin of 13.45%. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the company earned $0.75 earnings per share. Waste Management’s revenue was up 5.5% compared to the same quarter last year. sell-side analysts anticipate that Waste Management will post 4.04 EPS for the current year.
Waste Management announced that its Board of Directors has initiated a stock buyback plan on Thursday, December 14th that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were issued a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a dividend yield of 2.23%. This is a positive change from Waste Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, March 8th. Waste Management’s payout ratio is currently 57.76%.
In related news, SVP Barry H. Caldwell sold 1,840 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $84.10, for a total value of $154,744.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Barry H. Caldwell sold 13,614 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $85.08, for a total value of $1,158,279.12. Following the completion of the sale, the senior vice president now owns 33,837 shares of the company’s stock, valued at approximately $2,878,851.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,291 shares of company stock valued at $9,154,833. 0.19% of the stock is 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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