Waste Management (WM)

635952 Ontario Inc. • ADS Renewable Energy • ADS Solid Waste of NJ, Inc. • Advanced Disposal Acquisition Sub, LLC • Advanced Disposal Recycling Services Atlanta, LLC • Advanced Disposal Recycling Services Gulf Coast, LLC • Advanced Disposal Services Alabama Holdings, LLC • Advanced Disposal Services Alabama, LLC • Advanced Disposal Services Biloxi MRF, LLC • Advanced Disposal Services Birmingham, Inc. ...

IRS number

731309529

WM stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$244.14

Low target

$235.00

High target

$255.00

Latest filings (excl ownership)

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8-K

Departure of Directors or Certain Officers

WM Announces Fourth Quarter and Solid Waste Business Growth Drives Company-Best Full-Year Operating EBITDA and Margin

29 Jan 25

8-K

Entry into a Material Definitive Agreement

8 Nov 24

8-K

Termination of a Material Definitive Agreement

7 Nov 24

8-K

WM Completes Acquisition of Stericycle

4 Nov 24

8-K

Regulation FD Disclosure

1 Nov 24

8-K

Entry into a Material Definitive Agreement

31 Oct 24

424B5

Prospectus supplement for primary offering

31 Oct 24

FWP

Free writing prospectus

30 Oct 24

Transcripts

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Earnings call transcript

2024 Q4

30 Jan 25

Earnings call transcript

2024 Q3

29 Oct 24

Earnings call transcript

2024 Q2

25 Jul 24

Earnings call transcript

2024 Q1

25 Apr 24

Earnings call transcript

2023 Q4

13 Feb 24

Earnings call transcript

2023 Q3

25 Oct 23

Earnings call transcript

2023 Q2

26 Jul 23

Earnings call transcript

2023 Q2

26 Jul 23

Earnings call transcript

2023 Q1

27 Apr 23

Earnings call transcript

2022 Q4

1 Feb 23

Latest ownership filings

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Christopher P. DeSantis

Financial summary

Financial statements Chart WM financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	487.00 mm	487.00 mm	487.00 mm	487.00 mm	487.00 mm	487.00 mm
Cash burn (monthly)	66.67 mm	5.42 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	138.16 mm	11.23 mm	n/a	n/a	n/a	n/a
Cash remaining	348.84 mm	475.77 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	5.2	87.8	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

WM institutional ownership history Ownership history

85.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2031	1943	+4.5%
Opened positions	239	123	+94.3%
Closed positions	151	137	+10.2%
Increased positions	838	766	+9.4%
Reduced positions	632	694	-8.9%

13F shares	Current	Prev Q	Change
Total value	64.00 tn	61.92 tn	+3.4%
Total shares	342.23 mm	335.75 mm	+1.9%
Total puts	1.09 mm	1.50 mm	-27.3%
Total calls	1.73 mm	1.11 mm	+54.9%
Total put/call ratio	0.6	1.3	-53.1%

Largest owners	Shares	Value	Change
Vanguard	37.30 mm	$7.53 tn	+1.5%
Bill & Melinda Gates Foundation Trust	32.23 mm	$6.50 tn	0.0%
BlackRock	30.18 mm	$6.09 tn	+1.0%
STT State Street	18.86 mm	$3.81 tn	+2.4%
Cascade Investment, L.L.C.	18.63 mm	$0.00	0.0%
Geode Capital Management	8.21 mm	$1.65 tn	+0.8%
MS Morgan Stanley	7.36 mm	$1.48 tn	-3.9%
Parnassus Investments	6.27 mm	$1.27 tn	+22.5%
Norges Bank	5.00 mm	$1.01 tn	NEW
GS The Goldman Sachs Group, Inc.	4.67 mm	$941.66 bn	+12.9%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	5.00 mm	+5.00 mm	NEW
International Assets Investment Management	13.24 k	-2.58 mm	-99.5%
Capital World Investors	460.40 k	-1.69 mm	-78.6%
RJF Raymond James Financial	1.69 mm	+1.69 mm	NEW
Capital Research Global Investors	1.66 mm	+1.18 mm	+250.1%
Parnassus Investments	6.27 mm	+1.15 mm	+22.5%
Raymond James & Associates	0.00	-1.11 mm	EXIT
UBS UBS	2.28 mm	+733.19 k	+47.4%
Sustainable Growth Advisers	2.01 mm	-637.26 k	-24.1%
BAC Bank of America	3.56 mm	-615.89 k	-14.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

WM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
25 Feb 25	Michael J. Watson	Stock Option Common Stock	Grant	Acquire A	No	No	231.195	6,744	1.56 mm	6,744
25 Feb 25	Rafael Carrasco	Stock Option Common Stock	Grant	Acquire A	No	No	231.195	8,851	2.05 mm	8,851
25 Feb 25	Johnson Varkey	Stock Option Common Stock	Grant	Acquire A	No	No	231.195	6,744	1.56 mm	6,744
25 Feb 25	Christopher P. DeSantis	Stock Option Common Stock	Grant	Acquire A	No	No	231.195	8,430	1.95 mm	8,430
25 Feb 25	Donald J Smith	Stock Option Common Stock	Grant	Acquire A	No	No	231.195	8,430	1.95 mm	8,430