Trade Report: Today, Waste Management Inc. (WM) To Go Ex-Dividend on November 30th

Today, Waste Management Inc. (WM) To Go Ex-Dividend on November 30th

Waste Management Inc. (NYSE:WM) declared a quarterly dividend on Thursday, November 10th. Stockholders of record on Friday, December 2nd will be paid a dividend of 0.41 per share on Friday, December 16th. This represents a $1.64 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, November 30th.

Waste Management (NYSE:WM) opened at 70.23 on Tuesday. The stock has a 50 day moving average of $65.21 and a 200 day moving average of $64.46. Waste Management has a 52 week low of $50.36 and a 52 week high of $70.50. The company has a market cap of $31.04 billion, a price-to-earnings ratio of 28.18 and a beta of 0.72.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, October 26th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. The company earned $3.55 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Waste Management had a net margin of 8.36% and a return on equity of 24.07%. Waste Management’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 earnings per share. Equities research analysts predict that Waste Management will post $2.92 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of WM. Janus Capital Management LLC raised its position in shares of Waste Management by 39.5% in the second quarter. Janus Capital Management LLC now owns 2,159,575 shares of the company’s stock worth $143,116,000 after buying an additional 611,301 shares during the period. Cibc World Markets Corp purchased a new position in Waste Management during the second quarter valued at about $22,903,000. Point72 Asset Management L.P. purchased a new position in Waste Management during the second quarter valued at about $22,373,000. TIAA CREF Investment Management LLC raised its position in Waste Management by 15.8% in the second quarter. TIAA CREF Investment Management LLC now owns 1,949,997 shares of the company’s stock valued at $129,226,000 after buying an additional 266,758 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Waste Management by 45.9% in the second quarter. Bessemer Group Inc. now owns 840,885 shares of the company’s stock valued at $55,726,000 after buying an additional 264,620 shares during the last quarter. Institutional investors and hedge funds own 72.96% of the company’s stock.

Several equities research analysts recently weighed in on WM shares. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, September 27th. Bank of America Corp. raised shares of Waste Management from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Monday, October 31st. Argus reaffirmed a “buy” rating and set a $72.00 price objective on shares of Waste Management in a research report on Wednesday, August 10th. Barclays PLC cut shares of Waste Management from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $66.00 to $70.00 in a research report on Tuesday, August 9th. Finally, Vetr cut shares of Waste Management from a “buy” rating to a “hold” rating and set a $68.25 price objective for the company. in a research report on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Waste Management has an average rating of “Hold” and a consensus target price of $68.23.

About Waste Management

Related posts

Leave a Comment