Fintel reports that on January 27, 2025, Scotiabank upgraded their outlook for Waste Management (NYSE:WM) from Sector Perform to Sector Outperform.
Analyst Price Forecast Suggests 13.63% Upside
As of December 23, 2024, the average one-year price target for Waste Management is $237.97/share. The forecasts range from a low of $212.10 to a high of $267.75. The average price target represents an increase of 13.63% from its latest reported closing price of $209.43 / share.
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The projected annual revenue for Waste Management is 22,599MM, an increase of 5.67%. The projected annual non-GAAP EPS is 7.47.
What is the Fund Sentiment?
There are 2,863 funds or institutions reporting positions in Waste Management. This is an decrease of 3 owner(s) or 0.10% in the last quarter. Average portfolio weight of all funds dedicated to WM is 0.38%, an increase of 3.33%. Total shares owned by institutions increased in the last three months by 0.01% to 357,846K shares. 
The put/call ratio of WM is 0.89, indicating a bullish outlook.
What are Other Shareholders Doing?
Bill & Melinda Gates Foundation Trust holds 32,234K shares representing 8.03% ownership of the company. In its prior filing, the firm reported owning 35,234K shares , representing a decrease of 9.31%. The firm decreased its portfolio allocation in WM by 5.88% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,717K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 12,656K shares , representing an increase of 0.48%. The firm decreased its portfolio allocation in WM by 8.16% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 9,565K shares representing 2.38% ownership of the company. In its prior filing, the firm reported owning 9,367K shares , representing an increase of 2.06%. The firm decreased its portfolio allocation in WM by 8.56% over the last quarter.
Geode Capital Management holds 8,146K shares representing 2.03% ownership of the company. In its prior filing, the firm reported owning 7,977K shares , representing an increase of 2.07%. The firm decreased its portfolio allocation in WM by 52.00% over the last quarter.
Parnassus Investments holds 5,121K shares representing 1.28% ownership of the company. In its prior filing, the firm reported owning 4,601K shares , representing an increase of 10.16%. The firm increased its portfolio allocation in WM by 5.50% over the last quarter.
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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