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- 1 Waste Management Inc, is a comprehensive waste and environmental service provider firm operating in North America specializing in waste management.
- 2 WM is one of the leading comprehensive environmental solution providers in America, focused on a sustainable future.
Stock is a valuable part of the investment portfolio and owning stocks helps individuals develop savings, profit, and income. WM stock is one of the major players in the stock market, progressing with the purpose to offer a sustainable, economically balanced, and healthy world. The company was established on January 1, 1968, by Wayne Huizenga and Dean Buntrock with the mission to upsurge resource value and mitigate environmental impact.
What Does WM Actually Do?
The increased focus on sustainability and environmental services enhanced the popularity and recognition of WM in the commercial landscape. WM is currently accountable for recycling approximately 8.5 Million tons of waste including glass, plastic, metal, paper, and electronics.
Inclusion and diversity, safety, customers, and environment are the four main core values of the firm. It offers residential, community, and business services to develop a sustainable world.
The Company employs around 42,300 employees and generates an annual revenue of approximately $15.218 Billion. Recyclables, waste, hauling, hazardous material collection, and yard debris are some main services offered by WM in North America.
Excellent and quality services made WM a strong player in the waste management sector and featured with awards and recognition. Corporate Conservation Leadership Award, Silver EcoVadis Medal, Fortune 2022 World’s Most Admired Companies, and Forbes 2023 Best Employers for Diversity are some significant recognitions given to WM in recent years.
Focusing on the share statistics, WM has around 406.82 Million shares outstanding currently. The Vanguards Group is one of the biggest shareholders of WM stocks securing around 8.80% of the total shares valuing $5,798,443,608.
Bill & Melinda Gates Foundation, BlackRock Fund Advisors, and SSgA Funds Management are other main stockholders in the list with around 8.66%, 5.04%, and 4.42% shares respectively.
WM stock has around 2565 shareholders and institutional owners holding approximately 359,225,169 shares.
Current State and Future Prediction
WM stock price stands at $166.61 per share with a market cap of $67.78 Billion. Compared to the previous year, the share price of WM in July 2022 was around $152.14 per share, showing a hike of 9.51% over the period. The stock is considered to be a strong buy at present as the revenues is expected to grow up to $21.85 Billion by the end of 2024.
WM stock is ranked 6th of the 15 stocks in the waste disposal sector and graded B for quality and stability.
In 2030, WM stock is expected to touch $481.02, representing the continuous growth and success of WM in the stock market. Simply, an individual investing $100 in the stock may get around $156.71 in 2028, if the situation goes as per the predictions.
Conclusion
WM Inc. is one of the leading players in North America that offers comprehensive environmental solutions to the residential and commercial world. The company secured around 406.82 Million shares outstanding and a strong position in the waste disposal sector.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
