Waste Management, Inc. Plans Quarterly Dividend of $0.38 (WM)
Waste Management (NYSE:WM) announced a quarterly dividend on Thursday, August 21st, Analyst RN reports. Stockholders of record on Friday, September 5th will be paid a dividend of 0.375 per share on Friday, September 19th. This represents a $1.50 annualized dividend and a dividend yield of 3.21%.
WM has been the subject of a number of recent research reports. Analysts at Imperial Capital raised their price target on shares of Waste Management from $50.00 to $51.00 in a research note on Thursday, July 31st. On the ratings front, analysts at Macquarie reiterated an “outperform” rating on shares of Waste Management in a research note on Wednesday, July 30th. They now have a $53.00 price target on the stock, up previously from $50.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Waste Management in a research note on Wednesday, July 30th. They now have a $48.00 price target on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.00.
Waste Management (NYSE:WM) traded up 0.04% on Thursday, hitting $46.70. 1,324,402 shares of the company’s stock traded hands. Waste Management has a 52 week low of $39.60 and a 52 week high of $46.70. The stock has a 50-day moving average of $44.82 and a 200-day moving average of $43.23. The company has a market cap of $21.781 billion and a P/E ratio of 176.15.
Waste Management (NYSE:WM) last announced its earnings results on Tuesday, July 29th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts expect that Waste Management will post $2.36 EPS for the current fiscal year.
In other Waste Management news, SVP Barry H. Caldwell sold 30,049 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $46.04, for a total value of $1,383,455.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Waste Management, Inc (NYSE:WM) is a provider of waste management services in North America.
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