9,399 Shares in Waste Management, Inc. $WM Purchased by Independent Financial Group LLC

Independent Financial Group LLC acquired a new stake in Waste Management, Inc. (NYSE:WM) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,399 shares of the business services provider’s stock, valued at approximately $2,160,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased 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 valued at $8,566,508,000 after purchasing an additional 553,605 shares during the last quarter. State Street Corp lifted its position 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 buying an additional 281,456 shares during 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 valued at $1,972,371,000 after buying an additional 117,476 shares during the period. Norges Bank bought a new stake in shares of Waste Management during the 4th quarter valued at about $1,022,916,000. Finally, Northern Trust Corp raised its stake in Waste Management by 0.3% during the third quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock worth $873,276,000 after acquiring an additional 11,688 shares during the period. Institutional investors own 80.40% of the company’s stock.

Trending Headlines about Waste Management

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

• Positive Sentiment: Scotiabank raised Waste Management’s price target to $260 from $250, suggesting continued upside potential despite maintaining a “sector perform” view.
• Positive Sentiment: Analyst commentary highlighted WM’s strong waste collection network, pricing power, and acquisition strategy as supports for growth and margins.
• Neutral Sentiment: Erste Group Bank trimmed its FY2026 EPS estimate to $8.16 from $8.17, a very small revision that matches the current consensus estimate.
• Neutral Sentiment: Erste Group also nudged FY2027 EPS down to $9.20 from $9.23, another modest cut that does not materially change the long-term earnings outlook.
• Negative Sentiment: Analyst notes pointed to WM’s high debt load and slower stock momentum as ongoing concerns that could weigh on investor sentiment.

Waste Management Price Performance

Shares of NYSE WM opened at $239.50 on Friday. The stock has a market cap of $96.18 billion, a P/E ratio of 34.66, a P/E/G ratio of 2.91 and a beta of 0.44. The firm’s 50-day simple moving average is $222.20 and its 200 day simple moving average is $226.50. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22.

Waste Management (NYSE:WM) last announced its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 10.99% and a return on equity of 31.90%. Waste Management’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. Equities analysts expect that Waste Management, Inc. will post 8.16 EPS for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is 54.70%.

Wall Street Analysts Forecast Growth

WM has been the topic of several recent research reports. Oppenheimer cut their price target on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. TD Cowen raised their target price on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce raised shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price target for the company in a report on Tuesday, July 7th. Finally, Scotiabank upped their price target on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $256.70.

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.