Research Analysts’ Recent Ratings Changes for Waste Management (WM)

A number of firms have modified their ratings and price targets on shares of Waste Management (NYSE: WM) recently:

• 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.
• 10/9/2024 – Waste Management was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 10/4/2024 – Waste Management is now covered by analysts at Scotiabank. They set a “sector perform” rating and a $220.00 price target on the stock.
• 10/3/2024 – Waste Management is now covered by analysts at William Blair. They set an “outperform” rating on the stock.
• 10/1/2024 – Waste Management was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.

Waste Management Price Performance

WM opened at $225.67 on Thursday. Waste Management, Inc. has a 1 year low of $168.73 and a 1 year high of $226.84. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company’s 50 day simple moving average is $210.75 and its 200 day simple moving average is $209.43. The stock has a market capitalization of $90.58 billion, a PE ratio of 34.51, a P/E/G ratio of 2.37 and a beta of 0.74.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the previous year, the company earned $1.63 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio is currently 45.87%.

Insider Buying and Selling

In other news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Waste Management

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WM. Trium Capital LLP raised its position in shares of Waste Management by 33.6% in the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after purchasing an additional 3,029 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in Waste Management by 77.4% in the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after acquiring an additional 5,367 shares in the last quarter. Pinkerton Retirement Specialists LLC boosted its stake in Waste Management by 18.6% during the 1st quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock valued at $4,284,000 after acquiring an additional 3,145 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Waste Management by 417.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock worth $720,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Swedbank AB increased its position in shares of Waste Management by 67.2% in the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after purchasing an additional 709,678 shares during the last quarter. Hedge funds and other 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.