First National Bank of Mount Dora Trust Investment Services Purchases 12,787 Shares of Waste Management, Inc. $WM

First National Bank of Mount Dora Trust Investment Services increased its position in shares of Waste Management, Inc. (NYSE:WM) by 64.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,627 shares of the business services provider’s stock after purchasing an additional 12,787 shares during the quarter. Waste Management makes up approximately 1.6% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 24th biggest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Waste Management were worth $7,497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Waste Management by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock worth $8,566,508,000 after buying an additional 553,605 shares during the last quarter. State Street Corp boosted its holdings in shares of Waste Management by 1.6% in the 4th quarter. State Street Corp now owns 17,390,748 shares of the business services provider’s stock worth $3,820,921,000 after acquiring an additional 281,456 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Waste Management by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock worth $1,972,371,000 after acquiring an additional 117,476 shares in the last quarter. Norges Bank bought a new stake in Waste Management during the 4th quarter worth approximately $1,022,916,000. Finally, Northern Trust Corp increased its holdings in Waste Management by 0.3% during the 3rd quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock valued at $873,276,000 after purchasing an additional 11,688 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Waste Management

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Analysts raised price targets. Barclays increased its target from $270 to $277 and maintained an Overweight rating, while Stifel Nicolaus raised its target from $252 to $261 and reiterated Buy. These targets imply substantial upside and reinforce the bullish case for WM. Barclays and Stifel analyst actions
• Positive Sentiment: RBC also lifted its price target from $240 to $244, citing a more favorable valuation outlook, although it retained a Sector Perform rating. RBC raises Waste Management price target
• Positive Sentiment: Second-quarter profitability was better than expected. WM reported adjusted earnings of $2.02 per share, above the $1.98 consensus estimate, while revenue rose 4% year over year to $6.68 billion. Management highlighted margin expansion, technology investments and progress integrating its healthcare-services operations. WM Q2 earnings call highlights
• Neutral Sentiment: Scotiabank maintained its Hold rating. The decision suggests analysts see balanced upside and downside risks following the earnings report. Scotiabank maintains Hold rating
• Negative Sentiment: Revenue expectations and operating volumes remain concerns. WM’s full-year revenue outlook of approximately $26.38 billion was slightly below analysts’ expectations, and softer collection volumes could offset margin gains and integration benefits. WM Q2 business review
• Negative Sentiment: Erste Group issued a bearish FY2026 earnings forecast, adding a cautious counterpoint to the more optimistic target increases from other firms. Erste Group bearish forecast

Waste Management Stock Up 0.2%

Shares of WM opened at $226.89 on Monday. The business’s fifty day moving average price is $225.52 and its two-hundred day moving average price is $227.66. The firm has a market capitalization of $90.69 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.79 and a beta of 0.44. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The company had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts predict that Waste Management, Inc. will post 8.13 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s payout ratio is currently 53.54%.

Wall Street Analyst Weigh In

WM has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. JPMorgan Chase & Co. raised their target price on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Stifel Nicolaus lifted their price target on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a report on Thursday. TD Cowen upped their price target on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Scotiabank increased their price objective on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $258.33.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.