Waste Management (WM) – Investment Analysts’ Recent Ratings Changes

Waste Management (NYSE: WM) has recently received a number of price target changes and ratings updates:

• 7/26/2024 – Waste Management had its price target lowered by analysts at Royal Bank of Canada from $215.00 to $204.00. They now have a “sector perform” rating on the stock.
• 7/26/2024 – Waste Management had its price target lowered by analysts at Oppenheimer Holdings Inc. from $229.00 to $224.00. They now have an “outperform” rating on the stock.
• 7/26/2024 – Waste Management had its price target lowered by analysts at CIBC from $223.00 to $213.00. They now have a “neutral” rating on the stock.
• 7/26/2024 – Waste Management had its price target lowered by analysts at Robert W. Baird from $226.00 to $216.00. They now have a “neutral” rating on the stock.
• 7/26/2024 – Waste Management had its price target lowered by analysts at BMO Capital Markets from $215.00 to $213.00. They now have a “market perform” rating on the stock.
• 7/25/2024 – Waste Management was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 7/15/2024 – Waste Management had its price target raised by analysts at Oppenheimer Holdings Inc. from $228.00 to $229.00. They now have an “outperform” rating on the stock.
• 7/11/2024 – Waste Management had its price target lowered by analysts at Truist Financial Co. from $240.00 to $235.00. They now have a “buy” rating on the stock.
• 6/14/2024 – Waste Management had its “hold” rating reaffirmed by analysts at Erste Group Bank AG.

Waste Management Trading Up 0.3 %

Shares of NYSE:WM opened at $201.09 on Wednesday. The company has a market cap of $80.70 billion, a P/E ratio of 32.91, a P/E/G ratio of 2.21 and a beta of 0.74. The stock’s 50-day moving average is $209.21 and its 200-day moving average is $205.33. Waste Management, Inc. has a 52-week low of $149.71 and a 52-week high of $225.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $1.51 earnings per share. Equities research analysts predict that Waste Management, Inc. will post 7.27 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Friday, June 7th. Waste Management’s dividend payout ratio is currently 49.10%.

Insider Activity

In related news, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the sale, the vice president now directly owns 44,144 shares of the company’s stock, valued at $9,711,680. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the sale, the vice president now directly owns 44,144 shares of the company’s stock, valued at $9,711,680. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the sale, the vice president now directly owns 45,644 shares in the company, valued at $9,324,156.32. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC lifted its stake in Waste Management by 170.5% during the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after purchasing an additional 75 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Waste Management during the second quarter worth about $31,000. Sachetta LLC bought a new position in Waste Management during the fourth quarter worth about $27,000. Opal Wealth Advisors LLC bought a new position in shares of Waste Management in the first quarter valued at approximately $35,000. Finally, Gilfoyle & Co LLC bought a new position in shares of Waste Management in the fourth quarter valued at approximately $30,000. Institutional investors own 80.40% of the company’s stock.

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.