Waste Management, Inc. (NYSE:WM) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $93.29 and last traded at $92.54, with a volume of 57291 shares. The stock had previously closed at $92.62.

Several research analysts have recently commented on WM shares. UBS Group set a $90.00 price objective on Waste Management and gave the stock a “hold” rating in a report on Friday, October 26th. Zacks Investment Research reiterated a “hold” rating and issued a $103.00 price objective on shares of Waste Management in a report on Saturday. BMO Capital Markets reiterated a “buy” rating and issued a $93.00 price objective on shares of Waste Management in a report on Thursday, July 26th. Raymond James reiterated a “buy” rating on shares of Waste Management in a report on Monday, October 29th. Finally, Oppenheimer reiterated a “buy” rating and issued a $95.00 price objective on shares of Waste Management in a report on Thursday, October 25th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Waste Management has an average rating of “Buy” and an average target price of $96.83.

The firm has a market capitalization of $39.49 billion, a P/E ratio of 28.77, a PEG ratio of 1.82 and a beta of 0.64. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.84.

Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.04. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. As a group, analysts expect that Waste Management, Inc. will post 4.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a dividend of $0.465 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.86 dividend on an annualized basis and a yield of 2.01%. Waste Management’s dividend payout ratio is presently 57.76%.

In related news, VP Jeff M. Harris sold 24,500 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $90.00, for a total transaction of $2,205,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.30% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Kentucky Retirement Systems purchased a new position in shares of Waste Management during the 3rd quarter worth approximately $1,616,000. Koshinski Asset Management Inc. grew its holdings in shares of Waste Management by 535.0% during the 3rd quarter. Koshinski Asset Management Inc. now owns 18,891 shares of the business services provider’s stock worth $1,707,000 after acquiring an additional 15,916 shares during the period. Captrust Financial Advisors grew its holdings in shares of Waste Management by 232.8% during the 3rd quarter. Captrust Financial Advisors now owns 24,847 shares of the business services provider’s stock worth $2,245,000 after acquiring an additional 17,381 shares during the period. Mastrapasqua Asset Management Inc. grew its holdings in shares of Waste Management by 3.0% during the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 76,740 shares of the business services provider’s stock worth $6,934,000 after acquiring an additional 2,266 shares during the period. Finally, Resources Management Corp CT ADV purchased a new position in shares of Waste Management during the 3rd quarter worth approximately $224,000. Institutional investors own 75.00% of the company’s stock.

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About Waste Management (NYSE:WM)

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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