Waste Management (NYSE:WM) announced a quarterly dividend on Thursday, August 20th, Analyst Ratings Network.com reports. Investors of record on Monday, September 14th will be paid a dividend of 0.385 per share on Thursday, September 24th. This represents a $1.54 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, September 10th. A number of brokerages recently commented on WM. Argus raised Waste Management from a hold rating to a buy rating and set a $57.00 price target for the company in a report on Tuesday, July 28th. They noted that the move was a valuation call. Zacks downgraded Waste Management from a hold rating to a sell rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the companys stock. The company has an average rating of Hold and a consensus price target of $56.40.
In other news, VP Mark E. Schwartz sold 4,983 shares of Waste Management stock in a transaction on Monday, August 17th. The stock was sold at an average price of $52.05, for a total value of $259,365.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James C. Fish, Jr. sold 54,143 shares of Waste Management stock in a transaction on Friday, August 14th. The shares were sold at an average price of $51.92, for a total value of $2,811,104.56. The disclosure for this sale can be found here.
Shares of Waste Management (NYSE:WM) traded down 0.70% on Friday, hitting $49.93. The stock had a trading volume of 2,295,326 shares. The firms 50-day moving average is $50.48 and its 200-day moving average is $50.97. The company has a market cap of $22.58 billion and a price-to-earnings ratio of 22.89. Waste Management has a one year low of $45.50 and a one year high of $55.93.
Waste Management (NYSE:WM) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the analysts consensus estimate of $0.63 by $0.04. The firm had revenue of $3.32 billion for the quarter, compared to analysts expectations of $3.33 billion. During the same quarter in the prior year, the business earned $0.60 EPS. The companys quarterly revenue was down 6.9% compared to the same quarter last year. On average, analysts expect that Waste Management will post $2.54 EPS for the current fiscal year.
Waste Management, Inc. is a holding company and all operations are conducted by its subsidiaries. The Company provides comprehensive waste management environmental services in North America. The Company partners with its residential, commercial, industrial and municipal customers and the communities it serve to manage and reduce waste from collection to disposal, while recovering resources and creating clean, renewable energy. Its Solid Waste business is operated and managed by its subsidiaries that focus on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services. Through its subsidiaries, it develops, operates and owns waste-to-energy and landfill gas-to-energy facilities in the United States. The services the Company provides include collection, landfill (NYSE:WM), transfer, operation of waste-to-energy facilities and independent power production plants, recycling and resource recovery and other services.
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