Westbourne Investments Inc. Has $2.16 Million Stock Holdings in Waste Management, Inc. $WM

Westbourne Investments Inc. boosted its stake in Waste Management, Inc. (NYSE:WM) by 30.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,799 shares of the business services provider’s stock after purchasing an additional 2,280 shares during the period. Westbourne Investments Inc.’s holdings in Waste Management were worth $2,164,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Cornerstone Planning Group LLC boosted its holdings in shares of Waste Management by 101.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 67 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in Waste Management in the second quarter valued at about $40,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Waste Management during the third quarter valued at about $41,000. Wealth Watch Advisors INC bought a new stake in shares of Waste Management during the second quarter worth about $43,000. Finally, Costello Asset Management INC acquired a new position in shares of Waste Management in the third quarter valued at approximately $49,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Waste Management

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

• Positive Sentiment: Analysts remain broadly positive on WM, with multiple upgrades and raised price targets supporting demand for the shares and helping justify the stock’s premium valuation. Waste Management Stock: Analyst Estimates & Ratings
• Positive Sentiment: Large institutional ownership and recent buying by major funds (e.g., Vanguard, Geode, Ameriprise, Norges Bank) provide steadier demand and reduce volatility from retail flows — a structural tailwind for valuation. Waste Management’s “Boring” Business Is Powering a Quiet Rally
• Neutral Sentiment: Q4 results showed a small EPS and revenue miss (EPS $1.93 vs. est. $1.95; revenue $6.31B vs. $6.39B). Results still showed y/y revenue growth and solid margins, so the beat-or-miss impact is muted vs. the longer-term thesis. SEC Filing / Company Results
• Neutral Sentiment: Corporate PR continues (e.g., WM’s recycling efforts at the Phoenix Open) — good for brand and ESG narrative but unlikely to move fundamentals materially. WM Phoenix Open recycles more than 900 tons
• Negative Sentiment: Insider selling accelerated this week: CEO James Fish Jr. disclosed several open-market sales (Feb. 6, 9, 10) totaling tens of thousands of shares (~36,753 shares in the biggest filings) at roughly $230/share — a reduction in his holdings that some investors may interpret as a signal to take profits or reassess near-term upside. SEC Filing – Insider Sales
• Negative Sentiment: Broader coverage flags roughly $17M of insider selling at Waste Management this cycle, which can weigh on sentiment even as fundamentals remain solid. Traders often react to clustered insider selling by trimming exposure. Waste Management Insiders Sell US$17m Of Stock

Insider Activity

In other Waste Management news, CEO James C. Fish, Jr. sold 30,390 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $230.36, for a total value of $7,000,640.40. Following the completion of the sale, the chief executive officer directly owned 225,793 shares in the company, valued at approximately $52,013,675.48. This trade represents a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO John J. Morris sold 690 shares of Waste Management stock in a transaction on Friday, January 30th. The shares were sold at an average price of $219.49, for a total transaction of $151,448.10. Following the completion of the sale, the chief operating officer directly owned 106,635 shares of the company’s stock, valued at approximately $23,405,316.15. This trade represents a 0.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 43,559 shares of company stock worth $9,959,299. Company insiders own 0.18% of the company’s stock.

Waste Management Price Performance

WM stock opened at $231.79 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 2.22. The firm has a market cap of $93.38 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 2.44 and a beta of 0.58. The company’s fifty day simple moving average is $220.83 and its 200 day simple moving average is $219.15. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.02). The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The business’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $1.70 earnings per share. On average, analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared 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 of this dividend was Friday, December 5th. This represents a $3.30 annualized dividend and a yield of 1.4%. Waste Management’s payout ratio is 49.25%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WM. Morgan Stanley cut their target price on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Wells Fargo & Company lifted their price target on shares of Waste Management from $246.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Royal Bank Of Canada raised their target price on Waste Management from $223.00 to $235.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Finally, Truist Financial set a $260.00 price target on Waste Management in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $253.55.

Waste Management Company 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.