Wedge Capital Management L L P NC Sells 7,173 Shares of Waste Management, Inc. $WM

Wedge Capital Management L L P NC lowered its stake in shares of Waste Management, Inc. (NYSE:WM) by 88.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 926 shares of the business services provider’s stock after selling 7,173 shares during the period. Wedge Capital Management L L P NC’s holdings in Waste Management were worth $206,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Elevated Capital Advisors LLC bought a new stake in Waste Management during the fourth quarter worth $25,000. RHL Group LLC bought a new position in shares of Waste Management in the 4th quarter valued at about $29,000. Financial Network Wealth Advisors LLC grew its position in shares of Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 47 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in shares of Waste Management during the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Waste Management in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Key Stories Impacting Waste Management

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

• Positive Sentiment: Higher margins, pricing gains and stronger cash flow could help WM sustain earnings momentum even as operating conditions soften. Technology-driven efficiencies, including benefits from the Stericycle integration, and the company’s consistent dividend also support the long-term investment case. Is WM Stock Worth Buying as Margins Rise but Valuation Stays Rich?
• Positive Sentiment: WM’s recent earnings performance exceeded analysts’ EPS expectations, while revenue continued to grow year over year. These results reinforce the potential for margin expansion and disciplined pricing to offset slower volume growth.
• Neutral Sentiment: WM has lagged the broader market rally, prompting some investors to view the stock as a potential opportunity for defensive, income-oriented portfolios. However, the investment case depends on continued execution rather than a clear near-term catalyst. Waste Management Fell Behind the Rally. Is It an Opportunity?
• Negative Sentiment: WM lowered its 2026 revenue outlook because of softer volumes. Investors are watching whether margin improvements, pricing and cash flow can fully offset weaker demand. WM’s 2026 Outlook Tests Whether Margin Gains Can Offset Softer Volumes
• Negative Sentiment: A premium earnings multiple, substantial debt and weak liquidity metrics increase downside risk if growth or integration benefits disappoint. With shares trading near their moving averages and valuation still rich, investors may demand continued earnings execution. Is WM Stock Worth Buying as Margins Rise but Valuation Stays Rich?

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WM shares. Wells Fargo & Company cut their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Oppenheimer dropped their price objective 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. Citigroup raised their price objective on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. UBS Group lifted their target price on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Scotiabank boosted their target price on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $258.89.

Waste Management Stock Performance

Shares of WM stock opened at $224.73 on Friday. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The company has a market capitalization of $89.83 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.76 and a beta of 0.44. The company has a 50-day simple moving average of $227.62 and a 200 day simple moving average of $227.88. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91.

Waste Management (NYSE:WM) last released its quarterly earnings results 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 analysts’ expectations of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.92 EPS. On average, sell-side analysts predict that Waste Management, Inc. will post 8.14 earnings per share for the current year.

Waste Management Profile

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.