Rathbones Group PLC Purchases 3,625 Shares of Waste Management, Inc. $WM

Rathbones Group PLC lifted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,899 shares of the business services provider’s stock after buying an additional 3,625 shares during the quarter. Rathbones Group PLC owned about 0.12% of Waste Management worth $107,289,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Waste Management by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock valued at $8,566,508,000 after acquiring an additional 553,605 shares during the last quarter. State Street Corp boosted 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 purchasing an additional 281,456 shares during the last quarter. Geode Capital Management LLC boosted its position 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 worth $1,972,371,000 after purchasing an additional 117,476 shares during the last quarter. Norges Bank acquired a new stake in shares of Waste Management during the fourth quarter worth $1,022,916,000. Finally, Northern Trust Corp increased its holdings in Waste Management by 0.3% in the third quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock valued at $873,276,000 after purchasing an additional 11,688 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WM shares. JPMorgan Chase & Co. upped their price target on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Citigroup lifted their price objective on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Royal Bank Of Canada boosted their price objective on shares of Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a report on Thursday. Wells Fargo & Company lowered 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. Finally, Scotiabank lifted 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, July 16th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.33.

Waste Management Stock Up 0.2%

Shares of Waste Management stock opened at $226.89 on Monday. The firm has a market cap of $90.69 billion, a PE ratio of 32.14, a P/E/G ratio of 2.79 and a beta of 0.44. The business’s 50 day simple moving average is $225.52 and its 200 day simple moving average is $227.66. 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, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13.

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 the consensus estimate of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the firm posted $1.92 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that Waste Management, Inc. will post 8.13 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a dividend of $0.945 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.7%. Waste Management’s dividend payout ratio is 53.54%.

Waste Management News Roundup

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

• Positive Sentiment: Analysts raised price targets. Barclays increased its target from $270 to $277 and maintained an Overweight rating, while Stifel Nicolaus raised its target from $252 to $261 and reiterated Buy. These targets imply substantial upside and reinforce the bullish case for WM. Barclays and Stifel analyst actions
• Positive Sentiment: RBC also lifted its price target from $240 to $244, citing a more favorable valuation outlook, although it retained a Sector Perform rating. RBC raises Waste Management price target
• Positive Sentiment: Second-quarter profitability was better than expected. WM reported adjusted earnings of $2.02 per share, above the $1.98 consensus estimate, while revenue rose 4% year over year to $6.68 billion. Management highlighted margin expansion, technology investments and progress integrating its healthcare-services operations. WM Q2 earnings call highlights
• Neutral Sentiment: Scotiabank maintained its Hold rating. The decision suggests analysts see balanced upside and downside risks following the earnings report. Scotiabank maintains Hold rating
• Negative Sentiment: Revenue expectations and operating volumes remain concerns. WM’s full-year revenue outlook of approximately $26.38 billion was slightly below analysts’ expectations, and softer collection volumes could offset margin gains and integration benefits. WM Q2 business review
• Negative Sentiment: Erste Group issued a bearish FY2026 earnings forecast, adding a cautious counterpoint to the more optimistic target increases from other firms. Erste Group bearish forecast

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.