CCM Investment Advisers LLC Buys Shares of 29,689 Waste Management, Inc. $WM

CCM Investment Advisers LLC purchased a new stake in shares of Waste Management, Inc. (NYSE:WM) during the first quarter, Holdings Channel reports. The fund purchased 29,689 shares of the business services provider’s stock, valued at approximately $6,822,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in Waste Management in the fourth quarter worth approximately $10,206,000. KLP Kapitalforvaltning AS raised its stake in Waste Management by 18.5% during the 4th quarter. KLP Kapitalforvaltning AS now owns 236,153 shares of the business services provider’s stock valued at $51,885,000 after buying an additional 36,900 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Waste Management by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 460,317 shares of the business services provider’s stock valued at $105,776,000 after buying an additional 14,003 shares during the period. LBP AM SA boosted its stake in shares of Waste Management by 24.1% in the 4th quarter. LBP AM SA now owns 46,640 shares of the business services provider’s stock worth $10,247,000 after buying an additional 9,071 shares during the last quarter. Finally, Cohen Capital Management Inc. bought a new stake in shares of Waste Management in the fourth quarter worth $3,252,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Key Waste Management News

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

• Positive Sentiment: WM reported second-quarter adjusted earnings of $2.02 per share, exceeding the $1.98 consensus estimate. Pricing, productivity initiatives and cost controls helped strengthen margins, while revenue increased 4% year over year to $6.68 billion. WM Earnings Beat on Pricing in Q2, Revenues Miss Estimates
• Positive Sentiment: Management highlighted continued margin gains, technology investments and progress integrating healthcare-related operations, while maintaining its profitability outlook. These improvements could support cash flow and earnings growth. WM Q2 Earnings Call Highlights Margin Gains, Volume and Cash Flow
• Positive Sentiment: Analysts raised their price targets following the results: Stifel Nicolaus increased its target to $261 and kept a Buy rating, Barclays lifted its target to $277 with an Overweight rating, and RBC raised its target to $244 while maintaining Sector Perform. Stifel Nicolaus Sticks to Their Buy Rating for Waste Management
• Neutral Sentiment: The quarterly revenue result was broadly in line with expectations, but the company’s midpoint full-year revenue outlook of $26.38 billion was approximately 0.6% below analyst estimates. Full-year EPS expectations remain near $8.15-$8.16. Waste Management Posts Q2 Sales In Line With Estimates
• Negative Sentiment: Softer waste volumes limited revenue growth and offset some of the benefit from pricing and efficiency gains. The combination of weaker volume trends and guidance below expectations appears to be the primary reason investors reacted negatively despite the earnings beat. WM Q2 Deep Dive: Improving Margins and Integration Progress Offset Softer Volume Trends
• Negative Sentiment: Erste Group Bank made a marginal reduction to its 2026 EPS forecast, lowering it from $8.16 to $8.15, reinforcing concerns that near-term growth could remain modest.

Waste Management Price Performance

NYSE WM opened at $226.05 on Friday. The business’s fifty day moving average is $225.35 and its 200 day moving average is $227.60. 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 debt-to-equity ratio of 2.24, a quick ratio of 0.89 and a current ratio of 0.91. The company has a market capitalization of $90.78 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.88 and a beta of 0.44.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS 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 business had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the prior year, the business posted $1.92 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Sell-side analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a dividend of $0.945 per share. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is presently 54.70%.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of recent research reports. TD Cowen increased their target price on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Stifel Nicolaus upped their price target on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company dropped their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Barclays boosted their target price on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.