Waste Management, Inc. (WM) concluded trading on Wednesday at a closing price of $199.16, with 3.31 million shares of worth about $658.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.28% during that period and on Wednesday the price saw a loss of about -0.17%. Currently the company’s common shares owned by public are about 402.77M shares, out of which, 401.96M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 32 times over the past 12 months. They bought 105,086 shares in 14 of the transactions. In 18 selling transactions, insiders dumped 133,391 shares.
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However, the stock later moved at a day high price of 199.92, or with a loss of -0.17%. Stock saw a price change of 4.83% in past 5 days and over the past one month there was a price change of 10.17%. Year-to-date (YTD), WM shares are showing a performance of 11.20% which increased to 30.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $148.31 but also hit the highest price of $199.49 during that period. The average intraday trading volume for Waste Management, Inc. shares is 1.56 million. The stock is currently trading 6.42% above its 20-day simple moving average (SMA20), while that difference is up 10.01% for SMA50 and it goes to 18.61% higher than SMA200.
Waste Management, Inc. (NYSE: WM) currently have 402.77M outstanding shares and institutions hold larger chunk of about 82.32% of that.
The stock has a current market capitalization of $80.22B and its 3Y-monthly beta is at 0.71. PE ratio of stock for trailing 12 months is 35.16, while it has posted earnings per share of $5.66 in the same period. Its PEG reads 3.52 and has Quick Ratio of 0.86 while making debt-to-equity ratio of 2.43. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WM, volatility over the week remained 1.56% while standing at 1.26% over the month.
Analysts are in expectations that Waste Management, Inc. (WM) stock would likely to be making an EPS of $1.5 in the current quarter, while forecast for next quarter EPS is $1.72 and it is $7.68 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.4 which is $1.61 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.31 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 10.80% while it is estimated to increase by 13.07% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of 4.94% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on Feb-15-24 offering a Neutral rating for the stock and assigned a target price range of between $190 and $205 to it.
