Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations. As of December 31, 2020, the company owned or operated 263 solid waste landfills; 5 secure hazardous waste landfills; 103 MRFs; and 348 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. 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.
IPO Year:
Exchange: NYSE
Website: wm.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/22/2024 | $241.00 | Buy | Deutsche Bank |
4/8/2024 | $211.00 | Sector Perform | RBC Capital Mkts |
2/15/2024 | $210.00 | Buy → Hold | HSBC Securities |
2/14/2024 | $190.00 → $205.00 | Buy → Neutral | UBS |
11/27/2023 | $175.00 | Equal Weight | Wells Fargo |
10/23/2023 | $170.00 → $190.00 | Neutral → Buy | UBS |
10/17/2023 | Peer Perform | Wolfe Research | |
9/15/2023 | $192.00 | Buy | HSBC Securities |
6/8/2023 | $182.00 | Sector Perform | Scotiabank |
6/8/2023 | $153.00 | Sector Perform | Scotiabank |
4 - WASTE MANAGEMENT INC (0000823768) (Issuer)
4 - WASTE MANAGEMENT INC (0000823768) (Issuer)
4 - WASTE MANAGEMENT INC (0000823768) (Issuer)
4 - WASTE MANAGEMENT INC (0000823768) (Issuer)
4 - WASTE MANAGEMENT INC (0000823768) (Issuer)
4 - WASTE MANAGEMENT INC (0000823768) (Issuer)
4 - WASTE MANAGEMENT INC (0000823768) (Issuer)
4 - WASTE MANAGEMENT INC (0000823768) (Issuer)
4 - WASTE MANAGEMENT INC (0000823768) (Issuer)
4 - WASTE MANAGEMENT INC (0000823768) (Issuer)
Deutsche Bank initiated coverage of Waste Mgmt with a rating of Buy and set a new price target of $241.00
RBC Capital Mkts resumed coverage of Waste Mgmt with a rating of Sector Perform and set a new price target of $211.00
HSBC Securities downgraded Waste Mgmt from Buy to Hold and set a new price target of $210.00
UBS downgraded Waste Mgmt from Buy to Neutral and set a new price target of $205.00 from $190.00 previously
Wells Fargo initiated coverage of Waste Mgmt with a rating of Equal Weight and set a new price target of $175.00
UBS upgraded Waste Mgmt from Neutral to Buy and set a new price target of $190.00 from $170.00 previously
Wolfe Research initiated coverage of Waste Mgmt with a rating of Peer Perform
HSBC Securities initiated coverage of Waste Mgmt with a rating of Buy and set a new price target of $192.00
Scotiabank resumed coverage of Waste Mgmt with a rating of Sector Perform and set a new price target of $182.00
Scotiabank resumed coverage of Waste Mgmt with a rating of Sector Perform and set a new price target of $153.00
Oppenheimer analyst Noah Kaye maintains Waste Management (NYSE:WM) with a Outperform and raises the price target from $228 to $229.
During the last three months, 12 analysts shared their evaluations of Waste Management (NYSE:WM), revealing diverse outlooks from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 2 5 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 3 2 5 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $226.5, a high estimate of $241.00, and a low estimate of $212.00. Marking an increase of 4.86%, the cur
Truist Securities analyst Tobey Sommer maintains Waste Management (NYSE:WM) with a Buy and lowers the price target from $240 to $235.
Waste Management's (NYSE:WM) short percent of float has risen 26.32% since its last report. The company recently reported that it has 3.85 million shares sold short, which is 0.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.9 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
$750,000,000 aggregate principal amount of 4.950% senior notes due July 3, 2027; and $750,000,000 aggregate principal amount of 4.950% senior notes due July 3, 2031. The Company intends to use the net proceeds from the offering to repay borrowings under its commercial paper program used for working capital, which is fully supported by the Company's $3.5 billion revolving credit facility, and the remainder, if any, for general corporate purposes.
- SEC Filing
In the preceding three months, 13 analysts have released ratings for Waste Management (NYSE:WM), presenting a wide array of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 2 6 0 0 Last 30D 0 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 3 2 5 0 0 3M Ago 1 0 1 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $226.92, a high estimate of $256.00, and a low es
Erste Group analyst Hans Engel downgrades Waste Management (NYSE:WM) from Buy to Hold.
Waste Management (NYSE:WM) has outperformed the market over the past 15 years by 1.56% on an annualized basis producing an average annual return of 14.07%. Currently, Waste Management has a market capitalization of $80.90 billion. Buying $1000 In WM: If an investor had bought $1000 of WM stock 15 years ago, it would be worth $7,274.61 today based on a price of $201.71 for WM at the time of writing. Waste Management's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated cont
- Reuters
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WM (NYSE:WM) announced that it will release second quarter financial results after the close of the market on Wednesday, July 24, 2024 and host its investor conference call Thursday, July 25 at 10 a.m. ET. Listeners can access a live audio webcast of the conference call by visiting investors.wm.com and selecting "Events & Presentations" from the website menu. A replay of the audio webcast will be available at the same location following the conclusion of the call. Participants who will be dialing in for the conference call should register to obtain their dial in and passcode details. Participants may pre-register at any time, including up to and after the call start time. The Company
Waste Management, Inc. (NYSE:WM) ("WM" or the "Company") today announced that it has priced a public offering of $1,500,000,000 aggregate principal amount of senior notes under an effective shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"), as follows: $750,000,000 aggregate principal amount of 4.950% senior notes due July 3, 2027; and $750,000,000 aggregate principal amount of 4.950% senior notes due July 3, 2031. The notes will be fully and unconditionally guaranteed by the Company's wholly owned subsidiary, Waste Management Holdings, Inc. The notes have been assigned ratings of A- by Standard & Poor's, A- by Fitch and A3 by Moo
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of National Guaranty Insurance Company of Vermont (NGIC) (Burlington, VT). The Credit Ratings (ratings) reflect NGIC's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM). The revision of the outlooks to positive recognizes NGIC's favorable operating results over the past decade demonstrated by consistently strong underwriting and return on revenue metrics. The company has produced exc
WM (NYSE:WM) today announced that members of its management team plan to participate in the Stifel Cross Sector Insight Conference in Boston on June 5. Listeners can access a live audio webcast of management's fireside chat scheduled for 8:35 a.m. ET by visiting investors.wm.com and selecting "Events & Presentations" from the website menu. A replay of the audio webcast will be available at the same location following the conclusion of the call. The Company routinely participates in investor presentations and conferences throughout the year and provides information about such events on its website. ABOUT WM WM (WM.com) is North America's leading provider of comprehensive environmenta
Expands WM's Comprehensive Environmental Solutions in the Growing Healthcare Market While Advancing WM's Sustainability Commitments Provides a complementary business platform in the healthcare market, a sector with attractive near- and long-term growth dynamics Positions WM to offer customers the opportunity to partner with a single service provider with a comprehensive suite of environmental solutions Builds on WM's sustainability commitments to help communities thrive by offering customers a partner with leading, comprehensive service offerings focused on promoting healthy and safe communities Leverages WM's expertise in logistics and technology-enabled cost optimization, as w
WM (NYSE:WM) today announced the declaration of a quarterly cash dividend of $0.75 per share payable June 21, 2024, to stockholders of record on June 7, 2024. ABOUT WM WM (WM.com) is North America's leading provider of comprehensive environmental solutions. Previously known as Waste Management and based in Houston, Texas, WM is driven by commitments to put people first and achieve success with integrity. The company, through its subsidiaries, provides collection, recycling and disposal services to millions of residential, commercial, industrial and municipal customers throughout the U.S. and Canada. With innovative infrastructure and capabilities in recycling, organics and renewable ene
Momentum on Cost Optimization Powers Strong Expansion of Operating EBITDA Margin WM Increases Full-Year Financial Outlook for Earnings and Cash Flow WM (NYSE:WM) today announced financial results for the quarter ended March 31, 2024. Three Months Ended Three Months Ended March 31, 2024 (in millions, except per share amounts) March 31, 2023 (in millions, except per share amounts) As Reported As Adjusted(a) As Reported As Adjusted(a) Revenue $5,159 $5,159 $4,892 $4,892
WM (NYSE:WM) announced that it will release first quarter financial results after the close of the market on Wednesday, April 24, 2024 and host its investor conference call Thursday, April 25 at 10 a.m. ET. Listeners can access a live audio webcast of the conference call by visiting investors.wm.com and selecting "Events & Presentations" from the website menu. A replay of the audio webcast will be available at the same location following the conclusion of the call. Participants who will be dialing in for the conference call should register to obtain their dial in and passcode details. Participants may pre-register at any time, including up to and after the call start time. The Company
AMP Robotics Corp. ("AMP"), a pioneer in artificial intelligence (AI)-powered sortation for the waste and recycling industry, today announced that Tim Stuart has been elected to serve on its board of directors. Stuart is AMP's first independent director. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240319958890/en/Tim Stuart (Photo: Business Wire) Stuart, a leader in the waste and recycling industry, most recently served as executive vice president and chief operating officer for Republic Services Inc. (NYSE:RSG). In that role, Stuart spearheaded the company's adoption, implementation, and scaling of new technologies while ove
Annual Recognition Highlights Organizations that have Demonstrated a Commitment to Business Integrity through Robust Ethics, Compliance and Governance Programs HOUSTON , March 6, 2024 /PRNewswire/ -- For the 15th time, WM (NYSE:WM), North America's leading provider of comprehensive environmental solutions, today announced its 2024 World's Most Ethical Companies® recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. WM is one of only two honorees in the Environmental Services industry category. In 2024, 136 honorees we
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8-K - WASTE MANAGEMENT INC (0000823768) (Filer)
8-K - WASTE MANAGEMENT INC (0000823768) (Filer)
8-K - WASTE MANAGEMENT INC (0000823768) (Filer)
10-Q - WASTE MANAGEMENT INC (0000823768) (Filer)
WM (NYSE:WM) announced that it will release second quarter financial results after the close of the market on Wednesday, July 24, 2024 and host its investor conference call Thursday, July 25 at 10 a.m. ET. Listeners can access a live audio webcast of the conference call by visiting investors.wm.com and selecting "Events & Presentations" from the website menu. A replay of the audio webcast will be available at the same location following the conclusion of the call. Participants who will be dialing in for the conference call should register to obtain their dial in and passcode details. Participants may pre-register at any time, including up to and after the call start time. The Company
Expands WM's Comprehensive Environmental Solutions in the Growing Healthcare Market While Advancing WM's Sustainability Commitments Provides a complementary business platform in the healthcare market, a sector with attractive near- and long-term growth dynamics Positions WM to offer customers the opportunity to partner with a single service provider with a comprehensive suite of environmental solutions Builds on WM's sustainability commitments to help communities thrive by offering customers a partner with leading, comprehensive service offerings focused on promoting healthy and safe communities Leverages WM's expertise in logistics and technology-enabled cost optimization, as w
WM (NYSE:WM) today announced the declaration of a quarterly cash dividend of $0.75 per share payable June 21, 2024, to stockholders of record on June 7, 2024. ABOUT WM WM (WM.com) is North America's leading provider of comprehensive environmental solutions. Previously known as Waste Management and based in Houston, Texas, WM is driven by commitments to put people first and achieve success with integrity. The company, through its subsidiaries, provides collection, recycling and disposal services to millions of residential, commercial, industrial and municipal customers throughout the U.S. and Canada. With innovative infrastructure and capabilities in recycling, organics and renewable ene
Momentum on Cost Optimization Powers Strong Expansion of Operating EBITDA Margin WM Increases Full-Year Financial Outlook for Earnings and Cash Flow WM (NYSE:WM) today announced financial results for the quarter ended March 31, 2024. Three Months Ended Three Months Ended March 31, 2024 (in millions, except per share amounts) March 31, 2023 (in millions, except per share amounts) As Reported As Adjusted(a) As Reported As Adjusted(a) Revenue $5,159 $5,159 $4,892 $4,892
WM (NYSE:WM) announced that it will release first quarter financial results after the close of the market on Wednesday, April 24, 2024 and host its investor conference call Thursday, April 25 at 10 a.m. ET. Listeners can access a live audio webcast of the conference call by visiting investors.wm.com and selecting "Events & Presentations" from the website menu. A replay of the audio webcast will be available at the same location following the conclusion of the call. Participants who will be dialing in for the conference call should register to obtain their dial in and passcode details. Participants may pre-register at any time, including up to and after the call start time. The Company
WM (NYSE:WM) today announced the declaration of a quarterly cash dividend of $0.75 per share payable March 28, 2024, to stockholders of record on March 15, 2024. ABOUT WM WM (WM.com) is North America's leading provider of comprehensive environmental solutions. Previously known as Waste Management and based in Houston, Texas, WM is driven by commitments to put people first and achieve success with integrity. The company, through its subsidiaries, provides collection, recycling and disposal services to millions of residential, commercial, industrial and municipal customers throughout the U.S. and Canada. With innovative infrastructure and capabilities in recycling, organics and renewable en
Initiated 2024 earnings guidance and reaffirmed long-term EPS growth rate target of 4-6% Northwest Natural Holding Company, (NYSE:NWN) (NW Natural Holdings), reported financial results and highlights including: Reported net income of $93.9 million (or $2.59 per share) for 2023, compared to net income of $86.3 million (or $2.54 per share) for 2022 Invested $327.3 million in our utility systems to support greater reliability and resiliency Added over 15,000 gas and water utility connections in the last 12 months for a combined growth rate of 1.8% as of Dec. 31, 2023 mainly driven by strong water acquisitions and combined organic growth Scored second in the West for customer sati
Accelerated Earnings Growth in the Fourth Quarter Driven by Strong Execution of Price Programs and Optimization of Cost of Operations Robust Full-Year Cash from Operations Driven by Growth in Operating EBITDA WM (NYSE:WM) today announced financial results for the quarter and year ended December 31, 2023. Three Months Ended Year Ended December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 (in millions, except per share amounts) (in millions, except per share amounts) As Reported
WM (NYSE:WM) announced that it will release fourth quarter and full-year 2023 financial results after the close of the market on Monday, Feb. 12, 2023 and host its investor conference call Tuesday, Feb. 13 at 10 a.m. ET. Listeners can access a live audio webcast of the conference call by visiting investors.wm.com and selecting "Events & Presentations" from the website menu. A replay of the audio webcast will be available at the same location following the conclusion of the call. Participants who will be dialing in for the conference call should register to obtain their dial in and passcode details. Participants may pre-register at any time, including up to and after the call start time.
Annual Dividend Per Share to Increase 7.1% from $2.80 to $3.00 WM (NYSE:WM) today announced that its Board of Directors has approved a 7.1% increase in the planned quarterly dividend rate for 2024, from $0.70 to $0.75 per share. The annual dividend rate increase from $2.80 to $3.00 per share marks the twenty-first consecutive year of dividend rate increases. The Company also received authorization from its Board of Directors to repurchase up to $1.5 billion of the Company's common stock, superseding the authority remaining under the prior $1.5 billion authorization announced in 2022. "The strong and consistent cash flow generation of our business allows WM to continue to fund all our ca