How to Buy Waste Management Stock
Waste Management Inc
Waste Management is a waste management company located in Texas, United States, which is part of the Industrials sector, and is traded under the ticker WM on the NYSE exchange.
Waste Management stock last closed at $205.07, down 0.52% from the previous day, and has increased 24% in one year. It has overperformed other stocks in the Waste Management industry by 0.03 percentage points. Waste Management stock is currently +36.98% from its 52-week low of $149.71, and -4.41% from its 52-week high of $214.54.
As of Apr 18, 2024, there are 401.6M shares of WM outstanding. The market capitalization of WM is $82.36B. In the last 24 hours, 970,798 WM shares were traded.
How to Buy Waste Management Stock
Not sure how to invest in Waste Management stock? Here's how.
- Figure out where to buy Waste Management stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you determine where to buy Waste Management stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your payment method and add your details.
- Research Waste Management stock: The Waste Management ticker symbol is WM. Is Waste Management stock a good investment? Should you buy shares of WM? How do WM's underlying business fundamentals look? Do top analysts think Waste Management is a good buy? Why has WM's stock price moved recently? (Hint: Our stock research website can help you understand if WM is a good stock to buy).
- Make your WM buy order: Decide if you will purchase WM shares at the current market price or use a limit order to buy WM shares at a particular price.
- Monitor your investment in WM: Create a watchlist to get live updates on your investment in Waste Management shares.
Step 1: Figure out where to buy Waste Management stock
You need a brokerage account to access the NYSE market and buy WM stock.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to world financial markets: From Technology to Industrials, New York to London — you can fill your portfolio with stocks from the world's leading stock exchanges.
- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal info so you are able to buy WM stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start your new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have filled out your info on the best stock broker app, your next step is to transfer the money for your investment:
Check out this video walkthrough if you need help transferring money into your new brokerage account.
Step 4: Research Waste Management stock
Once you have decided on the best place to buy Waste Management stock, it's very important to evaluate their stock prior to buying, so you truly understand the risk and upside.
Waste Management quick stats
WM Fundamentals
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on WM's stock page.
Is WM stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge WM's intrinsic value.
Using relative valuations measures:
- WM may be overvalued based on its P/E ratio of 36.04x, relative to Waste Management industry P/E ratio of 16.14x
- WM may be overvalued based on its P/B ratio of 11.93x, relative to Waste Management industry P/B ratio of 5.78x
- WM may be overvalued based on its PEG ratio of 1.59x
You can do additional valuation analysis on WM's stock here.
Is WM a healthy company?
Passed Health Checks:
- WM's operating cash flow of $4.72B allows it to safely service it's debt of $16.23B.
- WM earnings of $3.55B is not sufficient to cover its interest payments.
Failed Health Checks:
- WM profit margin has gone down from 11.4% to 11.3% in the past year.
- There are more short-term liabilities than short-term assets on the WM balance sheet.
- WM has a relatively high debt to equity ratio of 3.76.
- There are more long-term liabilities than short-term assets on the WM balance sheet.
- Total WM debt is higher than 5 years ago, relative to shareholder equity.
Is WM stock a Buy, Hold, or Sell, according to analysts?
Out of 11 Wall Street analysts who give forecasts on WM, the consensus analyst rating on Waste Management is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest WM Analyst Upgrades/Downgrades
Noah Kaye, a top 30% analyst from Oppenheimer maintains WM with a buy rating and raises their WM price target from $188.00 to $212.00, on Feb 14, 2024.
Michael Hoffman, a top 3% analyst from Stifel Nicolaus maintains WM with a strong buy rating and raises their WM price target from $190.00 to $215.00, on Feb 14, 2024.
Tobey Sommer, a top 7% analyst from Truist Securities maintains WM with a strong buy rating and raises their WM price target from $215.00 to $220.00, on Feb 14, 2024.
Jon Windham, a top 27% analyst from UBS downgrades WM to a hold rating and raises their WM price target from $190.00 to $205.00, on Feb 14, 2024.
Ken Gawrelski, a top 15% analyst from Wells Fargo initiates coverage on WM with a hold rating and announces their WM price target of $175.00, on Nov 27, 2023.
You can dive deeper into what analysts are saying on the Waste Management stock forecast page.
WM Momentum
WM Earnings
Last year, WM earnings were $2.30B. In the last five year, WM's earnings have increased by 4.85% per year. This was slower than the Waste Management industry average of 8.96%.
Last year, WM revenue was $20.43B. During the last 5 year, WM's revenue has grown by 6.49% per year. This was slower than the Waste Management industry average of 10.16%.
Dig into WM's earnings and revenue performance here.
What are WM insiders up to?
Over the past 12 months, insiders at WM have bought more shares than they have sold.
Thomas Bene, Director of WM, was the latest WM insider to buy. They bought $67,774.90 worth of WM shares on Mar 1, 2024.
Research more about who owns WM shares here.
Can I get consistent income from WM stock?
Waste Management pays a dividend of 1.39%, compared to the Waste Management industry's average dividend yield of 0.83%. If you owned $1,000 worth of WM stock, you would have received $13.90 in the past 12 months.
Waste Management dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Waste Management dividend yield and history here.
What do other investors have to say about WM?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your WM buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Press the Open Trade button and your broker will place your order.
If you require additional info about buying stocks on eToro, watch the how to video below:
Step 6: Monitor your investment in WM
Now that you own some WM shares, you'll want to stay up-to-date on your new shares.
Put WM on a watchlist to see the latest developments about your WM stock.
WM Feed
How to Buy Stock in Waste Management
To reiterate, here are the 6 steps for buying Waste Management stock:
- Figure out where to buy Waste Management stock
- Sign up for your brokerage account
- Deposit money your investment account
- Research Waste Management stock
- Make your WM buy order
- Monitor your investment in WM
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Waste Management, hit the button below to create your watchlist.
More Content You Might Enjoy
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.