After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that WM Announces Fourth Quarter and Full-Year 2023 Earnings.
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Stocks Info
As a NYSE listed company, WM falls under the Industrials sector while operating within the Waste Management industry segment. At the end of the last regular session, the stock closed at $201.54 and fluctuated between $202.69 as its day high and $199.00 as its day low. The current market capitalization of Waste Management, Inc. is $80.94B. A total of 2.55 million shares were traded on the day, compared to an average of 1.60M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, WM has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 16,367 and the disposition of 14,288 shares. Over the last 12 months, there were 14 BUYs and 15 SELLs from insiders. Insiders purchased 105,086 shares during that period but sold 103,872.
In the most recent transaction, Boettcher Charles C sold 3,275 shares of WM for 199.49 per share on Feb 14. After the transaction, the EVP, Corp Development & CLO now owns 36,403 company shares. In a previous transaction on Feb 14, Hemmer Tara J. sold 775 shares at 199.25 per share. WM shares that SVP & Chief Sustainability Off owns now total 66,907.
Among the insiders who sold shares, Morris John J disposed of 775 shares on Feb 14 at a per-share price of $199.25. This resulted in the EVP & Chief Operation Officer holding 114,835 shares of WM after the transaction. In another insider transaction, Watson Michael J. sold 775 shares at $198.62 per share on Feb 14. Company shares held by the Sr. VP-Chief Customer Officer now total 49,852.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Waste Management, Inc. pays an annual dividend of $2.80, resulting in a dividend yield of 1.39%, and it has a price to earnings (P/E) ratio of 35.58. WM’s most recent ex-dividend date was 11/30/2023 when it declared a $0.70 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/22/2023 with an ex-dividend date of 9/7/2023. The WM stock dividend was $0.70 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for WM in the last 3 months, the mean price target is $207.84 with high estimates of $230.00 and low estimates of $175.00. In terms of 52-week highs and lows, WM has a high of $199.92 and a low of $148.31.
As of this writing, WM has an earnings estimate of $Walmart Inc. per share for the current quarter. EPS was calculated based on a consensus of Qualtrics International Inc. estimates, with a high estimate of $Zoom Video Communications, Inc. per share and a lower estimate of $General Motors Company.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. WM’s latest balance sheet shows that the firm has $118.00M in Cash & Short Term Investments as of fiscal 2021. There were $13.40B in debt and $4.08B in liabilities at the time. Its Book Value Per Share was $17.19, while its Total Shareholder’s Equity was $7.13B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WM is Buy with a score of 3.81.
