Analysts’ Weekly Ratings Updates for Waste Management (WM)

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

• 12/25/2024 – Waste Management was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 12/17/2024 – Waste Management was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 12/11/2024 – Waste Management had its price target raised by analysts at Stifel Nicolaus from $243.00 to $252.00. They now have a “buy” rating on the stock.
• 12/9/2024 – Waste Management was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 12/4/2024 – Waste Management had its price target raised by analysts at CIBC from $228.00 to $235.00. They now have a “neutral” rating on the stock.
• 12/1/2024 – Waste Management was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 11/23/2024 – Waste Management was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 11/15/2024 – Waste Management was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 11/6/2024 – Waste Management was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 11/5/2024 – Waste Management had its price target raised by analysts at Oppenheimer Holdings Inc. from $230.00 to $231.00. They now have an “outperform” rating on the stock.
• 10/31/2024 – Waste Management had its price target raised by analysts at Argus from $230.00 to $240.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Waste Management had its price target raised by analysts at Royal Bank of Canada from $204.00 to $220.00. They now have a “sector perform” rating on the stock.
• 10/30/2024 – Waste Management had its price target raised by analysts at Oppenheimer Holdings Inc. from $224.00 to $230.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – Waste Management had its price target raised by analysts at CIBC from $213.00 to $228.00. They now have a “neutral” rating on the stock.
• 10/30/2024 – Waste Management had its price target raised by analysts at JPMorgan Chase & Co. from $213.00 to $219.00. They now have a “neutral” rating on the stock.
• 10/30/2024 – Waste Management had its price target raised by analysts at UBS Group AG from $220.00 to $226.00. They now have a “neutral” rating on the stock.
• 10/30/2024 – Waste Management had its price target raised by analysts at BMO Capital Markets from $213.00 to $220.00. They now have a “market perform” rating on the stock.
• 10/30/2024 – Waste Management had its price target raised by analysts at Morgan Stanley from $214.00 to $227.00. They now have an “equal weight” rating on the stock.
• 10/30/2024 – Waste Management had its price target raised by analysts at Truist Financial Co. from $235.00 to $250.00. They now have a “buy” rating on the stock.

Waste Management Trading Up 0.8 %

WM stock traded up $1.58 during midday trading on Wednesday, reaching $205.38. The stock had a trading volume of 711,469 shares, compared to its average volume of 1,629,076. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a twelve month low of $175.74 and a twelve month high of $230.39. The firm has a market cap of $82.43 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 2.36 and a beta of 0.75. The business has a fifty day simple moving average of $217.05 and a two-hundred day simple moving average of $211.61.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, research analysts expect that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.46%. Waste Management’s payout ratio is presently 45.87%.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by insiders.

Institutional Trading of Waste Management

Several hedge funds have recently modified their holdings of WM. Geode Capital Management LLC boosted its holdings in Waste Management by 2.1% in the third quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock worth $1,686,203,000 after acquiring an additional 168,818 shares in the last quarter. Parnassus Investments LLC grew its stake in shares of Waste Management by 11.3% in the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after acquiring an additional 520,096 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Waste Management by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,523,324 shares of the business services provider’s stock worth $969,401,000 after buying an additional 12,664 shares during the last quarter. Legal & General Group Plc lifted its holdings in Waste Management by 6.8% during the second quarter. Legal & General Group Plc now owns 3,846,152 shares of the business services provider’s stock worth $820,539,000 after acquiring an additional 243,900 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of Waste Management by 94,414.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after buying an additional 2,588,842 shares during the last quarter. 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.