Waste Management, Inc. (NYSE: WM) is 22.34% higher on its value in year-to-date trading and has touched a low of $161.60 and a high of $225.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WM stock was last observed hovering at around $208.26 in the last trading session, with the day’s gains setting it 10.85%.
Currently trading at $219.11, the stock is 3.90% and 4.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.21 million and changing 5.21% at the moment leaves the stock 6.23% off its SMA200. WM registered 35.77% gain for a year compared to 6-month loss of 5.33%. The firm has a 50-day simple moving average (SMA 50) of $208.9514 and a 200-day simple moving average (SMA200) of $206.2524.
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The stock witnessed a 5.54% gain in the last 1 month and extending the period to 3 months gives it a 8.12%, and is 3.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.71% over the week and 1.30% over the month.
Waste Management, Inc. (WM) has around 48000 employees, a market worth around $87.93B and $21.39B in sales. Current P/E ratio is 33.47 and Fwd P/E is 27.30. Profit margin for the company is 12.35%. Distance from 52-week low is 35.59% and -2.62% from its 52-week high. The company has generated returns on investments over the last 12 months (11.02%).
The EPS is expected to grow by 17.66% this year.
Waste Management, Inc. (WM) Top Institutional Holders
2639.0 institutions hold shares in Waste Management, Inc. (WM), with institutional investors hold 83.98% of the company’s shares. The shares outstanding are 401.46M, and float is at 400.48M with Short Float at 0.77%. Institutions hold 83.80% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 36.27 million shares valued at $7.74 billion. The investor’s holdings represent 9.0283% of the WM Shares outstanding. As of 2024-06-30, the second largest holder is BILL & MELINDA GATES FOUNDATION TRUST with 35.23 million shares valued at $7.52 billion to account for 8.7713 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 30.68 million shares representing 7.6369% and valued at over $6.54 billion, while STATE STREET CORP holds 4.6121 of the shares totaling 18.53 million with a market value of $3.95 billion.
Waste Management, Inc. (WM) Insider Activity
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Waste Management, Inc. disclosed in a document filed with the SEC on Jul 16 ’24 that Watson Michael J. (Sr. VP-Chief Customer Officer) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Jul 16 ’24 and was made at $220.00 per share for $0.33 million. Following the transaction, the insider now directly holds 44144.0 shares of the WM stock.
Still, SEC filings show that on Jun 06 ’24, Watson Michael J. (Sr. VP-Chief Customer Officer) disposed off 4,208 shares at an average price of $204.28 for $0.86 million. The insider now directly holds 45,644 shares of Waste Management, Inc. (WM).
