Waste Management, Inc. $WM Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,327 shares of the business services provider’s stock after buying an additional 2,873 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Waste Management were worth $19,847,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of WM. Boston Common Asset Management LLC grew its holdings in Waste Management by 12.9% during the 2nd quarter. Boston Common Asset Management LLC now owns 55,895 shares of the business services provider’s stock worth $12,458,000 after acquiring an additional 6,391 shares during the period. Principal Financial Group Inc. raised its position in shares of Waste Management by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 460,317 shares of the business services provider’s stock worth $105,776,000 after acquiring an additional 14,003 shares in the last quarter. KBC Group NV raised its position in shares of Waste Management by 16.2% in the 1st quarter. KBC Group NV now owns 409,741 shares of the business services provider’s stock worth $94,155,000 after acquiring an additional 57,028 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of Waste Management by 188.2% in the 1st quarter. QRG Capital Management Inc. now owns 54,888 shares of the business services provider’s stock valued at $12,613,000 after purchasing an additional 35,841 shares during the period. Finally, Kavar Capital Partners Group LLC lifted its stake in shares of Waste Management by 51.1% in the 2nd quarter. Kavar Capital Partners Group LLC now owns 14,207 shares of the business services provider’s stock valued at $3,166,000 after purchasing an additional 4,803 shares during the period. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on WM. Morgan Stanley cut their target price on Waste Management from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. Barclays lifted their target price on Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Oppenheimer dropped their price target on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. JPMorgan Chase & Co. cut their price target on Waste Management from $270.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Finally, UBS Group raised their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $256.06.

Insiders Place Their Bets

In related news, CAO John Carroll sold 1,365 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $219.90, for a total transaction of $300,163.50. Following the transaction, the chief accounting officer directly owned 3,509 shares of the company’s stock, valued at approximately $771,629.10. This represents a 28.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

Waste Management News Summary

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

• Positive Sentiment: Market participation supported the move: Waste Management closed at $231.73, up 2.35% from the prior close, outperforming the broader market during the latest session. The advance appears driven more by overall market strength than by a major company-specific announcement. Waste Management Beats Stock Market Upswing
• Positive Sentiment: Defensive, essential-service appeal remains intact: Waste collection and disposal demand is relatively recurring, and analysts continue to identify waste management as an industry with long-term demand drivers extending into 2027. That defensive profile may attract investors seeking stability outside high-growth technology stocks. Long-Term Demand Drivers for 2027
• Neutral Sentiment: Investors are weighing the upcoming earnings report: Waste Management is expected to report earnings next week, with Wall Street anticipating year-over-year earnings growth. However, the company reportedly lacks the usual indicators that would suggest a likely earnings beat, making the release a potentially important near-term catalyst. Waste Management Reports Next Week
• Negative Sentiment: Recent performance has lagged the market: WM has traded near $225 since April and has not kept pace with the S&P 500’s gains over that period. The lack of sustained momentum could limit enthusiasm unless earnings, guidance, or valuation provide a fresh reason to buy. Buy, Sell, or Hold Post Q2 Earnings
• Negative Sentiment: Earnings-beat risk could create volatility: If Waste Management fails to exceed expectations or offers cautious guidance, the stock’s relatively elevated valuation could pressure shares after the report. Wall Street Expects Earnings Growth

Waste Management Trading Up 2.5%

WM opened at $232.00 on Wednesday. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $248.13. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. The company has a market cap of $92.73 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 2.88 and a beta of 0.42. The company has a fifty day moving average price of $216.23 and a two-hundred day moving average price of $222.23.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.04. The firm had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.92 earnings per share. Analysts predict that Waste Management, Inc. will post 8.12 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a $0.9450 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 11th. Waste Management’s payout ratio is presently 53.54%.

About Waste Management

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.