Hennion & Walsh Asset Management Inc. Purchases 5,587 Shares of Waste Management, Inc. $WM

Hennion & Walsh Asset Management Inc. lifted its holdings in Waste Management, Inc. (NYSE:WM) by 23.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 29,927 shares of the business services provider’s stock after acquiring an additional 5,587 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Waste Management were worth $6,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Waste Management by 0.8% in the second quarter. Vanguard Group Inc. now owns 37,662,207 shares of the business services provider’s stock worth $8,617,866,000 after purchasing an additional 292,868 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Waste Management by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 8,647,146 shares of the business services provider’s stock worth $1,972,856,000 after purchasing an additional 126,329 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Waste Management by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,390,971 shares of the business services provider’s stock worth $1,232,131,000 after buying an additional 74,528 shares during the last quarter. Norges Bank bought a new position in Waste Management during the second quarter valued at about $1,064,206,000. Finally, Amundi raised its position in Waste Management by 8.6% in the second quarter. Amundi now owns 3,596,281 shares of the business services provider’s stock worth $804,809,000 after acquiring an additional 284,733 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WM has been the subject of a number of research reports. DZ Bank initiated coverage on shares of Waste Management in a research report on Tuesday, November 25th. They set a “buy” rating and a $250.00 target price for the company. Robert W. Baird raised Waste Management from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $238.00 to $242.00 in a report on Tuesday, November 4th. Morgan Stanley lowered their target price on Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Sanford C. Bernstein increased their price target on Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $249.18.

Waste Management Stock Up 0.5%

Shares of NYSE WM opened at $219.40 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. The company has a market cap of $88.39 billion, a P/E ratio of 34.55, a P/E/G ratio of 2.45 and a beta of 0.59. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58. The business has a 50-day simple moving average of $212.40 and a two-hundred day simple moving average of $219.85.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter in the prior year, the company earned $1.96 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. Research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.825 dividend. The ex-dividend date was Friday, December 5th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio is currently 51.97%.

More Waste Management News

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

• Positive Sentiment: Bernstein raised its price target on WM to $260 and kept an “outperform” rating, signaling ~18.5% upside from current levels and giving investors a near-term bullish catalyst. Bernstein PT Raised to $260
• Positive Sentiment: Brokerage consensus remains favorable — WM was given a “Moderate Buy” by analysts, which supports demand for the stock as investors look for stable, defensive growth and dividend/ESG exposure in the utilities-like waste sector. Consensus Rating of Moderate Buy
• Positive Sentiment: Analyst and media forecasts highlight WM’s market expansion and growing renewable-energy (gas-to-energy) business as long-term earnings drivers — a narrative that supports higher multiples and investor appetite for WM shares. WM Stock Price Prediction and Forecast 2026-2030
• Positive Sentiment: Industry tailwinds: a growing global medical-waste management market (projected to reach $12.2B by 2028) underlines structural demand for professional waste services and compliance-driven contracts that benefit large operators like WM. Global Medical Waste Management Market Report
• Neutral Sentiment: Valuation/techniques piece — a Yahoo Finance article estimating WM’s fair value offers analysis for investors but contains no immediate news catalyst; useful for longer-term allocation decisions rather than intraday moves. Estimating The Fair Value Of Waste Management
• Neutral Sentiment: Comparative write-ups (e.g., WM vs. smaller peers) provide context but are mainly informational and unlikely to move the stock by themselves. WM versus Shimmick Comparison

Insider Buying and Selling

In other news, SVP Rafael Carrasco sold 1,380 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the transaction, the senior vice president directly owned 15,540 shares in the company, valued at $3,373,112.40. The trade was a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

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.