NYSE:WM Waste Management Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Waste Management, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $115.27 -0.29 (-0.25 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$114.86Now: $115.27▼$116.5650-Day Range$108.82MA: $112.11▼$117.0752-Week Range$85.34Now: $115.27▼$126.79Volume3.05 million shsAverage Volume2.35 million shsMarket Capitalization$48.70 billionP/E Ratio30.49Dividend Yield1.89%Beta0.73 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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. As of December 31, 2018, the company owned or operated 247 solid waste landfills; 5 secure hazardous waste landfills; 102 MRFs; and 314 transfer stations. It also provides materials processing and commodities recycling services; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company offers construction and remediation services; services related with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services comprising full-service waste management solutions and consulting services; and specialized disposal services for oil and gas exploration and production operations. Further, it offers fluorescent bulb and universal waste mail-back services through LampTracker program; portable restroom services under the Port-o-Let name; and street and parking lot sweeping services, as well as holds interests in oil and gas producing properties. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.Read More Beat the Market (BTM) Rank™ 2.3 Analyst's Opinion Consensus RatingWaste Management has received a consensus rating of Buy. The company's average rating score is 2.53, and is based on 8 buy ratings, 7 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $116.38, Waste Management has a forecasted upside of 1.0% from its current price of $115.27.Amount of Analyst CoverageWaste Management has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.6 Community Rank Outperform VotesWaste Management has received 508 “outperform” votes. (Add your “outperform” vote.)Underperform VotesWaste Management has received 461 “underperform” votes. (Add your “underperform” vote.)Community SentimentWaste Management has received 52.43% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Waste Management and other stocks. Vote “Outperform” if you believe WM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WM will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 2.5 Dividend Strength Dividend YieldWaste Management pays a meaningful dividend of 1.89%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthWaste Management has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Waste Management is 49.55%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Waste Management will have a dividend payout ratio of 50.70% next year. This indicates that Waste Management will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Waste Management insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $67,353.00 in company stock.Percentage Held by InsidersOnly 0.16% of the stock of Waste Management is held by insiders.Percentage Held by Institutions71.42% of the stock of Waste Management is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Waste Management are expected to grow by 12.27% in the coming year, from $3.83 to $4.30 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Waste Management is 30.49, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.90.Price to Earnings Ratio vs. SectorThe P/E ratio of Waste Management is 30.49, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 39.19.Price to Earnings Growth RatioWaste Management has a PEG Ratio of 4.70. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioWaste Management has a P/B Ratio of 6.91. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.92 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Refuse systems Sub-IndustryEnvironmental & Facilities Services SectorBusiness Services Current SymbolNYSE:WM Previous Symbol CUSIP94106L10 CIK823768 Webwww.wm.com Phone713-512-6200Debt Debt-to-Equity Ratio1.39 Current Ratio0.88 Quick Ratio0.86Price-To-Earnings Trailing P/E Ratio30.49 Forward P/E Ratio30.10 P/E Growth4.7 Sales & Book Value Annual Sales$15.46 billion Price / Sales3.15 Cash Flow$8.53 per share Price / Cash Flow13.51 Book Value$16.67 per share Price / Book6.91Profitability EPS (Most Recent Fiscal Year)$4.40 Net Income$1.67 billion Net Margins10.66% Return on Equity25.84% Return on Assets6.54%Miscellaneous Employees44,900 Outstanding Shares422,461,000Market Cap$48.70 billion Next Earnings Date10/28/2020 (Estimated) OptionableOptionable $115.27 -0.29 (-0.25 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive WM News and Ratings via Email Sign-up to receive the latest news and ratings for WM and its competitors with MarketBeat's FREE daily newsletter. Waste Management (NYSE:WM) Frequently Asked Questions How has Waste Management's stock price been impacted by Coronavirus (COVID-19)? Waste Management's stock was trading at $109.97 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WM shares have increased by 4.8% and is now trading at $115.27. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Waste Management? 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Waste Management in the last year. There are currently 7 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Waste Management. When is Waste Management's next earnings date? Waste Management is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020. View our earnings forecast for Waste Management. How were Waste Management's earnings last quarter? Waste Management, Inc. (NYSE:WM) announced its earnings results on Thursday, July, 30th. The business services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.07. The business services provider earned $3.56 billion during the quarter, compared to analyst estimates of $3.50 billion. Waste Management had a return on equity of 25.84% and a net margin of 10.66%. View Waste Management's earnings history. How often does Waste Management pay dividends? What is the dividend yield for Waste Management? Waste Management announced a quarterly dividend on Tuesday, August 18th. Stockholders of record on Friday, September 4th will be given a dividend of $0.545 per share on Friday, September 18th. This represents a $2.18 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, September 3rd. View Waste Management's dividend history. How will Waste Management's stock buyback program work? Waste Management announced that its board has initiated a share repurchase plan on Thursday, December 13th 2018, which allows the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued. What guidance has Waste Management issued on next quarter's earnings? Waste Management updated its FY 2020 Pre-Market earnings guidance on Thursday, July, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $14.682-14.837 billion, compared to the consensus revenue estimate of $14.83 billion. What price target have analysts set for WM? 15 brokerages have issued 1-year price targets for Waste Management's shares. Their forecasts range from $99.00 to $130.00. On average, they expect Waste Management's share price to reach $116.38 in the next year. This suggests a possible upside of 1.0% from the stock's current price. View analysts' price targets for Waste Management. Are investors shorting Waste Management? Waste Management saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 3,490,000 shares, an increase of 15.6% from the July 30th total of 3,020,000 shares. Based on an average trading volume of 2,020,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.8% of the shares of the company are short sold. View Waste Management's Short Interest. Who are some of Waste Management's key competitors? Some companies that are related to Waste Management include Republic Services (RSG), Rollins (ROL), Stericycle (SRCL), Tetra Tech (TTEK), Clean Harbors (CLH), Casella Waste Systems (CWST), ABM Industries (ABM), Covanta (CVA), US Ecology (ECOL), SP Plus (SP), Heritage-Crystal Clean (HCCI), CECO Environmental (CECE), Team (TISI), Acorn Energy (ACFN) and Metalico (MEA). View all competitors. What other stocks do shareholders of Waste Management own? Based on aggregate information from My MarketBeat watchlists, some companies that other Waste Management investors own include Johnson & Johnson (JNJ), NVIDIA (NVDA), Walt Disney (DIS), AT&T (T), AbbVie (ABBV), Home Depot (HD), Verizon Communications (VZ), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM) and Visa (V). Who are Waste Management's key executives? Waste Management's management team includes the following people: Mr. James C. Fish Jr., Pres, CEO & Director (Age 57)Ms. Devina A. Rankin, Sr. VP & CFO (Age 43)Mr. John J. Morris Jr., Exec. VP & COO (Age 49)Ms. Leslie K. Nagy, VP & Chief Accounting Officer (Age 45)Mr. Edward A. Egl, Director of Investor Relations What is Waste Management's stock symbol? Waste Management trades on the New York Stock Exchange (NYSE) under the ticker symbol "WM." Who are Waste Management's major shareholders? Waste Management's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.41%), BlackRock Inc. (7.62%), Nordea Investment Management AB (1.29%), Bank of America Corp DE (1.16%), Jackson Square Partners LLC (0.92%) and Bank of New York Mellon Corp (0.85%). Company insiders that own Waste Management stock include Charles C Boettcher, Devina A Rankin, Frank M Clark, James C Fish Jr, Jeff M Harris, John C Pope, John J Morris, Leslie K Nagy, Michael J Watson, Patrick W Gross, Steve Batchelor and Tara J Hmmer. View institutional ownership trends for Waste Management. Which major investors are selling Waste Management stock? WM stock was sold by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Vanguard Group Inc., Bessemer Group Inc., AQR Capital Management LLC, PNC Financial Services Group Inc., Goldman Sachs Group Inc., Macquarie Group Ltd., and BlackRock Inc.. Company insiders that have sold Waste Management company stock in the last year include Charles C Boettcher, Devina A Rankin, Frank M Clark, James C Fish Jr, John C Pope, John J Morris, Leslie K Nagy, Michael J Watson, Steve Batchelor, and Tara J Hmmer. View insider buying and selling activity for Waste Management. Which major investors are buying Waste Management stock? WM stock was purchased by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Jackson Square Partners LLC, Bank of Montreal Can, Neuberger Berman Group LLC, Two Sigma Advisers LP, Bank of Nova Scotia, Ensign Peak Advisors Inc, and Bank of New York Mellon Corp. View insider buying and selling activity for Waste Management. How do I buy shares of Waste Management? Shares of WM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Waste Management's stock price today? One share of WM stock can currently be purchased for approximately $115.27. How big of a company is Waste Management? Waste Management has a market capitalization of $48.70 billion and generates $15.46 billion in revenue each year. The business services provider earns $1.67 billion in net income (profit) each year or $4.40 on an earnings per share basis. Waste Management employs 44,900 workers across the globe. What is Waste Management's official website? The official website for Waste Management is www.wm.com. How can I contact Waste Management? Waste Management's mailing address is 1001 FANNIN STREET, HOUSTON TX, 77002. The business services provider can be reached via phone at 713-512-6200 or via email at [email protected] This page was last updated on 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
