Jensen Investment Management Inc. Sells 87,439 Shares of Waste Management, Inc. $WM

Jensen Investment Management Inc. decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,086,589 shares of the business services provider’s stock after selling 87,439 shares during the quarter. Waste Management comprises approximately 3.0% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 16th largest position. Jensen Investment Management Inc. owned approximately 0.27% of Waste Management worth $239,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Costello Asset Management INC bought a new stake in shares of Waste Management during the third quarter valued at approximately $49,000. SVB Wealth LLC grew its holdings in shares of Waste Management by 0.4% during the third quarter. SVB Wealth LLC now owns 26,789 shares of the business services provider’s stock valued at $5,916,000 after buying an additional 108 shares during the last quarter. Opinicus Capital Inc. increased its position in shares of Waste Management by 13.1% during the third quarter. Opinicus Capital Inc. now owns 1,273 shares of the business services provider’s stock worth $281,000 after acquiring an additional 147 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Waste Management in the 3rd quarter worth about $309,000. Finally, Waterway Wealth Management LLC lifted its position in Waste Management by 26.6% in the 3rd quarter. Waterway Wealth Management LLC now owns 3,352 shares of the business services provider’s stock valued at $740,000 after acquiring an additional 705 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of WM opened at $231.79 on Wednesday. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58. The stock’s 50-day simple moving average is $220.83 and its 200 day simple moving average is $219.15. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.80 and a current ratio of 0.89. The stock has a market capitalization of $93.38 billion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 2.44 and a beta of 0.58.

Waste Management (NYSE:WM) last announced its quarterly earnings results 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). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the company earned $1.70 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, December 5th. Waste Management’s payout ratio is 49.25%.

Insider Buying and Selling

In related news, EVP Charles C. Boettcher sold 689 shares of Waste Management stock in a transaction on Friday, January 30th. The stock was sold at an average price of $219.32, for a total transaction of $151,111.48. Following the completion of the sale, the executive vice president owned 56,159 shares of the company’s stock, valued at approximately $12,316,791.88. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO John A. Carroll sold 220 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $219.57, for a total value of $48,305.40. Following the completion of the transaction, the chief accounting officer owned 9,330 shares in the company, valued at $2,048,588.10. This represents a 2.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 43,559 shares of company stock valued at $9,959,299 in the last ninety days. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings raised Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. JPMorgan Chase & Co. lifted their target price on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. DZ Bank assumed coverage on Waste Management in a research report on Tuesday, November 25th. They issued a “buy” rating and a $250.00 price target for the company. Morgan Stanley cut their price objective on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Finally, UBS Group raised shares of Waste Management from a “neutral” rating to a “buy” rating and raised their price target for the company from $225.00 to $260.00 in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $253.55.

Key Stories Impacting Waste Management

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

• Positive Sentiment: Analysts remain broadly positive on WM, citing steady operations and durable cash flow that support the stock’s premium valuation; analyst sentiment likely helped buy-side interest today. Waste Management Stock: Analyst Estimates & Ratings
• Neutral Sentiment: Broader market/sector headlines (e.g., energy/midstream names) are active but not directly tied to WM’s fundamentals; these macro flows can move sentiment but aren’t a primary driver for Waste Management. Williams Companies Stock Climbs as Investors Focus on Gas Demand
• Negative Sentiment: CEO James C. Fish, Jr. disclosed multiple open-market sales this week totaling 36,753 shares (sales on Feb. 6, 9 and 10) for roughly $8.47M at ~ $230/share, reducing his stake materially in the largest single filing (an ~11.9% cut noted in one filing). Broader coverage also flags ~ $17M of insider selling at Waste Management, which can be interpreted by some investors as a cautionary signal. SEC filing: SEC Filing – Insider Sales — additional coverage: Waste Management Insiders Sell US$17m Of Stock

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.