Stock on Demand This Week: Waste Management Inc. (WM)

Waste Management Inc. (NYSE:WM) saw a downside of -0.41% to close Monday at $154.08 after subtracting -$0.64 on the day. The 5-day average trading volume is 1,372,800 shares of the company’s common stock. It has gained $155.74 in the past week. An average of 1,438,655 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,359,196.

WM’s 1-month performance is -0.24% or -$0.37 on its low of $147.52 reached on 10/01/21. The company’s shares have touched a 52-week low of $106.11 and high of $156.74, with the stock’s rally to the 52-week high happening on 09/13/21. YTD, WM has achieved 30.65% or $36.15. However, the current price is down -1.70%% from the 52-week high price.


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Insider Transactions

On Oct 01, 11 days have gone by since the last insider trading activity for Waste Management Inc. (WM). Hemmer Tara J. (SVP & Chief Sustainability Off) most recently sold 12,186 shares at $149.07 per share on Oct 01. This transaction cost the insider $1,816,537. EVP, CFO and Treasurer, Rankin Devina A, sold 33,115 shares at a price of $155.18 on Aug 31. Then, on Aug 12, EVP, Corp Development & CLO Boettcher Charles C sold 13,613 shares at a price of $150.00 per share. This transaction amounted to $2,041,913.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 41.34 and a low of 15.85. WM stock has a beta of 0.83. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.91 while the price-to-book (PB) in the most recent quarter is 8.83, with the price to cash flow ratio at 40.56.

Waste Management Inc. pays an annual dividend of $2.30 per share. Its dividend yield is 1.49% and the payout ratio is 59.20%. WM’s most recent quarterly dividend payment was made on Sep. 17, when it paid $0.5750 a share compared with prior rate of $0.5750, down 0.0% from last year’s. The company has boosted its dividend for the last 18 consecutive years with the latest dividend increase of $0.03 reported on Tuesday February 23 2021. Measured over the last 3 years, the Dividend has been growing by 28.24% yearly.

It is projected that Waste Management Inc.’s next ex-dividend date will be on 6-Dec. WM is expected to distribute $0.575 as its next dividend.

Waste Management Inc.’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 0.90 meaning that WM stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.75, while the total debt to equity was 1.80. In terms of profitability, the gross margin trailing 12 months is 47.80%. The trailing 12-month EBITDA margin is 27.94% while for the period ending June 29; Waste Management Inc.’s operating margin was 15.10%. The firm’s gross profit as reported stood at $5.88 billion against revenue of $15.22 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected WM to announce $1.19 per share in earnings in its latest quarter, but it posted $1.27, representing a 6.70% surprise. EBITDA for the quarter stood at more than $1.32 billion. WM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 21.68 billion, with total debt at $13.24 billion. Shareholders hold equity totaling $421.1 million

Technical Picture

Let’s look briefly at Waste Management Inc. (WM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 59.11% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.86%.

The stock’s 5-day moving average is $152.78, reflecting a +3.53% or $5.25 change from its current price. WM is currently trading -0.68% above its 20-day SMA, +10.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +3.93% and +32.54% respectively.

Stochastic %K and %D was 86.64% and 72.60% and the average true range (ATR) pointed at 2.25. The RSI (14) points at 56.33%, while the 14-day stochastic is at 79.79% with the period’s ATR at 2.16. The stock’s 9-day MACD Oscillator is pointing at 2.76 and 2.36 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Waste Management Inc. (NYSE: WM), Goldman launched coverage with a Buy rating. Analysts offering their rating for WM stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate WM as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 have offered a “buy” rating.

What is WM’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $148.00 and a high of $177.00, with their median price target at $158.00. Looking at these predictions, the average price target given by analysts is for Waste Management Inc. (WM) stock is $159.43.

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