Sumitomo Mitsui DS Asset Management Company Ltd Buys 10,892 Shares of Waste Management, Inc. $WM

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 11.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 104,032 shares of the business services provider’s stock after buying an additional 10,892 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Waste Management were worth $22,857,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Garner Asset Management Corp boosted its position in Waste Management by 13.4% during the 4th quarter. Garner Asset Management Corp now owns 10,526 shares of the business services provider’s stock valued at $2,313,000 after acquiring an additional 1,243 shares in the last quarter. Cresta Advisors Ltd. bought a new position in shares of Waste Management in the 4th quarter worth approximately $44,000. McIlrath & Eck LLC lifted its stake in shares of Waste Management by 1.0% in the 4th quarter. McIlrath & Eck LLC now owns 13,727 shares of the business services provider’s stock valued at $3,016,000 after purchasing an additional 141 shares during the period. Morse Asset Management Inc boosted its position in shares of Waste Management by 625.0% during the fourth quarter. Morse Asset Management Inc now owns 290 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 250 shares in the last quarter. Finally, Falcon Wealth Planning grew its stake in Waste Management by 7.0% in the fourth quarter. Falcon Wealth Planning now owns 3,020 shares of the business services provider’s stock worth $663,000 after purchasing an additional 198 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Waste Management

In other news, VP Donald J. Smith sold 12,194 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $233.48, for a total transaction of $2,847,055.12. Following the sale, the vice president owned 6,024 shares in the company, valued at $1,406,483.52. This represents a 66.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James C. Fish, Jr. sold 30,390 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $230.36, for a total transaction of $7,000,640.40. Following the completion of the transaction, the chief executive officer owned 225,793 shares of the company’s stock, valued at approximately $52,013,675.48. The trade was a 11.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 92,616 shares of company stock valued at $21,849,115. 0.18% of the stock is currently owned by insiders.

Key Stories Impacting Waste Management

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

• Positive Sentiment: Bullish retail/coverage piece highlighting reasons investors might revisit WM as a turnaround/speculation candidate; could attract short-term interest from momentum buyers. Here’s Why We Think Waste Management (NYSE:WM) Might Deserve Your Attention Today
• Neutral Sentiment: Industry research on the e?waste management market outlines long?term growth drivers (recycling, regulation, services) that could benefit diversified waste operators like WM over time, but it’s not an immediate earnings catalyst. E-Waste Management Market 2031: Size, Share, Trends, Analysis & Forecast Report
• Neutral Sentiment: Geomembrane/liner materials report (HDPE vs LLDPE) discusses landfill containment trends that affect landfill capex/operating choices; relevant to WM’s landfill operations but not a near?term stock mover. Geomembrane Market Report: HDPE vs LLDPE Material Trends & Waste Management 2033
• Negative Sentiment: Scotiabank cut its FY2026 EPS estimate for WM to $8.05 from $8.36 and maintained a “Sector Perform” stance with a $250 price target; the revision sits below some consensus figures and is likely weighing on the share price by lowering near?term earnings expectations. (Source: Market summary provided)
• Negative Sentiment: Another analyst note reported an FY2027 EPS reduction for WM, further signaling downward pressure on forward estimates and investor expectations. FY2027 EPS Estimate for Waste Management Reduced by Analyst

Analyst Upgrades and Downgrades

WM has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price objective on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Wolfe Research initiated coverage on shares of Waste Management in a research report on Friday, March 13th. They issued a “peer perform” rating on the stock. TD Cowen increased their price target on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Barclays boosted their price objective on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Citigroup cut their price objective on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating on the stock in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $255.67.

Waste Management Trading Down 1.5%

NYSE WM opened at $224.51 on Wednesday. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. The stock’s fifty day moving average price is $232.19 and its 200-day moving average price is $222.82. The stock has a market cap of $90.16 billion, a P/E ratio of 32.49, a P/E/G ratio of 2.38 and a beta of 0.49.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. The firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.Waste Management’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. As a group, equities analysts forecast that Waste Management, Inc. will post 8.17 EPS for the current fiscal year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 1.7%. This is a boost from Waste Management’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Friday, March 13th. Waste Management’s dividend payout ratio is presently 54.70%.

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.