Fintel reports that on October 4, 2024, Scotiabank initiated coverage of Waste Management (NYSE:WM) with a Sector Perform recommendation.
Analyst Price Forecast Suggests 10.70% Upside
As of September 25, 2024, the average one-year price target for Waste Management is $230.37/share. The forecasts range from a low of $206.04 to a high of $263.55. The average price target represents an increase of 10.70% from its latest reported closing price of $208.09 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Waste Management is 22,646MM, an increase of 7.96%. The projected annual non-GAAP EPS is 7.03.
What is the Fund Sentiment?
There are 2,871 funds or institutions reporting positions in Waste Management. This is an increase of 83 owner(s) or 2.98% in the last quarter. Average portfolio weight of all funds dedicated to WM is 0.39%, an increase of 7.26%. Total shares owned by institutions increased in the last three months by 2.24% to 354,183K shares. 
The put/call ratio of WM is 1.19, indicating a bearish outlook.
What are Other Shareholders Doing?
Bill & Melinda Gates Foundation Trust holds 35,234K shares representing 8.78% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,656K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 12,600K shares , representing an increase of 0.44%. The firm decreased its portfolio allocation in WM by 2.24% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 9,367K shares representing 2.33% ownership of the company. In its prior filing, the firm reported owning 9,237K shares , representing an increase of 1.40%. The firm decreased its portfolio allocation in WM by 3.91% over the last quarter.
Geode Capital Management holds 7,977K shares representing 1.99% ownership of the company. In its prior filing, the firm reported owning 7,812K shares , representing an increase of 2.08%. The firm decreased its portfolio allocation in WM by 49.35% over the last quarter.
Norges Bank holds 4,854K shares representing 1.21% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
Waste Management Background Information
(This description is provided by the company.)
Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management environmental services in North America, providing services throughout the United States and Canada. Through its subsidiaries, the Company provides collection, transfer, disposal services, and recycling and resource recovery. It is also a leading developer, operator, and owner of landfill gas-to-energy facilities in the United States. The Company's customers include residential, commercial, industrial, and municipal customers throughout North America.
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