Waste Management (NYSE:WM) Price Target Raised to $260.00

Waste Management (NYSE:WM) had its target price upped by JPMorgan Chase & Co. from $235.00 to $260.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Other analysts also recently issued reports about the company. BNP Paribas Exane decreased their target price on Waste Management from $248.00 to $245.00 and set a “neutral” rating for the company in a research report on Thursday. Jefferies Financial Group restated a “buy” rating and issued a $267.00 target price on shares of Waste Management in a research note on Thursday. Weiss Ratings raised Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Citigroup increased their price target on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Royal Bank Of Canada lifted their price objective on Waste Management from $244.00 to $247.00 and gave the stock a “sector perform” rating in a report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $257.89.

Waste Management Stock Up 1.1%

Waste Management stock opened at $233.33 on Thursday. The firm has a 50 day moving average price of $217.85 and a 200-day moving average price of $225.13. The company has a quick ratio of 0.87, a current ratio of 0.82 and a debt-to-equity ratio of 2.21. Waste Management has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a market capitalization of $92.78 billion, a P/E ratio of 30.62, a P/E/G ratio of 3.02 and a beta of 0.42.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, October 27th. The business services provider reported $2.15 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.03). Waste Management had a return on equity of 31.97% and a net margin of 11.78%. The company had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the firm posted $1.98 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts predict that Waste Management will post 8.06 EPS for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a $0.9450 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 11th. Waste Management’s dividend payout ratio is presently 49.61%.

Insider Activity

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

Hedge Funds Weigh In On Waste Management

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Waste Management by 1.8% in the second quarter. BlackRock Inc. now owns 30,733,944 shares of the business services provider’s stock worth $6,849,981,000 after purchasing an additional 535,079 shares during the period. State Street Corp raised its position in shares of Waste Management by 2.9% in the second quarter. State Street Corp now owns 18,008,931 shares of the business services provider’s stock worth $4,013,831,000 after buying an additional 507,209 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Waste Management by 1.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,121,427 shares of the business services provider’s stock valued at $695,704,000 after buying an additional 35,322 shares during the period. Swedbank AB boosted its stake in Waste Management by 17.0% during the first quarter. Swedbank AB now owns 2,392,868 shares of the business services provider’s stock valued at $549,857,000 after buying an additional 348,183 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Waste Management by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,320,966 shares of the business services provider’s stock valued at $533,340,000 after buying an additional 26,847 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

More Waste Management News

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

• Positive Sentiment: Waste Management maintained its 2026 outlook and guided revenue and free cash flow toward the high ends of its ranges, reassuring investors that growth remains on track. Waste Management Could Be 9% Undervalued After High End Guidance Reaffirmed
• Positive Sentiment: The healthcare business was a major growth driver, with operating EBITDA reportedly rising 33% year over year. Nine-month free cash flow also increased more than 42%, supporting capital returns and the company’s buyback program. WM Q3 Earnings Call Highlights Healthcare Gains and Volume Pressure
• Positive Sentiment: Analysts raised their targets, including JPMorgan to $260 and Barclays to $283, while retaining overweight ratings. These revisions imply additional upside and reflect confidence in WM’s defensive cash flows and outlook. JPMorgan Waste Management Ratings
• Neutral Sentiment: The upcoming CEO transition is attracting investor attention. Continuity in strategy and execution could support the stock, but leadership changes introduce uncertainty until further details are provided. Waste Management Earnings Call Signals Resilient Growth
• Negative Sentiment: Slowing waste volumes and higher fuel costs are pressuring margins. Earlier reports that WM shares gapped lower and broke below the 200-day moving average reflected the market’s initial disappointment with earnings and operational trends. WM Q3 Earnings Call Highlights
• Negative Sentiment: Income investors face a longer-term risk: although WM has raised its dividend annually since 2009, persistent volume weakness could constrain future increases. The stock also trades at a relatively premium earnings multiple. Can Waste Management Keep Raising Its Dividend for Decades?

Waste Management Company Profile

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.