Robertson Stephens Wealth Management LLC Grows Position in Waste Management, Inc. $WM

Robertson Stephens Wealth Management LLC raised its position in Waste Management, Inc. (NYSE:WM) by 99.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,656 shares of the business services provider’s stock after purchasing an additional 8,785 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Waste Management were worth $3,879,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WM. Elevated Capital Advisors LLC purchased a new stake in shares of Waste Management during the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC raised 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 buying an additional 67 shares during the period. JPL Wealth Management LLC purchased a new stake in shares of Waste Management during the 3rd quarter valued at about $30,000. Kelleher Financial Advisors purchased a new stake in shares of Waste Management during the 4th quarter valued at about $31,000. Finally, Holos Integrated Wealth LLC purchased a new stake in shares of Waste Management during the 4th quarter valued at about $40,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Rafael Carrasco sold 7,352 shares of Waste Management stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $234.50, for a total value of $1,724,044.00. Following the completion of the transaction, the senior vice president owned 15,540 shares in the company, valued at approximately $3,644,130. This trade represents a 32.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John J. Morris sold 7,979 shares of Waste Management stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $245.07, for a total value of $1,955,413.53. Following the completion of the transaction, the chief operating officer owned 98,656 shares of the company’s stock, valued at approximately $24,177,625.92. The trade was a 7.48% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 92,616 shares of company stock worth $21,849,115. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WM. Wolfe Research began coverage on Waste Management in a report on Friday, March 13th. They set a “peer perform” rating on the stock. TD Cowen raised their target price on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Wells Fargo & Company dropped their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Citigroup dropped their target price on Waste Management from $270.00 to $263.00 and set a “buy” rating on the stock in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $255.67.

Waste Management Price Performance

WM stock opened at $228.81 on Friday. The company has a market capitalization of $92.19 billion, a PE ratio of 33.11, a P/E/G ratio of 2.37 and a beta of 0.49. The stock’s 50 day moving average is $232.31 and its two-hundred day moving average is $222.71. The company has a quick ratio of 0.85, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. 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 earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. Analysts predict that Waste Management, Inc. will post 8.18 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were given a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, March 13th. This is a positive change from Waste Management’s previous quarterly dividend of $0.83. Waste Management’s payout ratio is 54.70%.

Key Waste Management News

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

• Positive Sentiment: Analyst boosts from high-conviction firms — TD Cowen raised its price target to $275 and keeps a buy rating, and Barclays lifted its target to $270 with an overweight rating. Those upgrades signal analyst confidence and imply double‑digit upside from current levels. TD Cowen raise Barclays raise
• Positive Sentiment: Zacks highlights WM as a strong growth stock based on style scores and fundamentals — a positive signal for growth-oriented investors and fund flows. Zacks article
• Neutral Sentiment: Modest price target increase from RBC to $240 with a “sector perform” rating — supportive but conservative, reflecting limited near-term conviction (small upside). RBC note
• Neutral Sentiment: Market research on multi-layer film recycling forecasts strong long‑term growth (9.2% CAGR to 2035), which supports waste/recycling industry tailwinds but is unlikely to move WM stock immediately. Market report
• Neutral Sentiment: Benzinga summary: analysts revised forecasts after WM’s Q1 (EPS beat, revenue miss). The mixed nature of results leaves room for differing analyst actions and contributes to intra-day volatility. Analyst revisions
• Negative Sentiment: Wells Fargo trimmed its price target from $273 to $268 (still overweight) — a downward tweak that reduces near-term upside expectations. Wells Fargo trim
• Negative Sentiment: Peer strength: Waste Connections (WCN) reported beat-and-raise style results and noted liquidity considerations, highlighting competitive momentum in the sector that could put pressure on WM’s market-share narrative. Investors may reallocate toward peers showing stronger near-term top-line momentum. WCN article

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.