SteelPeak Wealth LLC Has $1.58 Million Holdings in Waste Management, Inc. $WM

SteelPeak Wealth LLC cut its holdings in shares of Waste Management, Inc. (NYSE:WM) by 46.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,858 shares of the business services provider’s stock after selling 5,920 shares during the quarter. SteelPeak Wealth LLC’s holdings in Waste Management were worth $1,576,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of Waste Management during the 4th quarter valued at $1,022,916,000. Corient Private Wealth LLC increased its position in shares of Waste Management by 279.0% in the fourth quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock worth $236,387,000 after purchasing an additional 792,037 shares during the period. Diamant Asset Management Inc. raised its stake in Waste Management by 23,051.5% in the first quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock valued at $17,716,000 after purchasing an additional 767,615 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Waste Management by 3,209.2% during the third quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock worth $150,466,000 after purchasing an additional 660,776 shares during the period. Finally, Vanguard Group Inc. lifted its holdings 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 worth $8,566,508,000 after acquiring an additional 553,605 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Trending Headlines about Waste Management

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

• Positive Sentiment: Scotiabank raised Waste Management’s price target to $260 from $250, suggesting continued upside potential despite maintaining a “sector perform” view.
• Positive Sentiment: Analyst commentary highlighted WM’s strong waste collection network, pricing power, and acquisition strategy as supports for growth and margins.
• Neutral Sentiment: Erste Group Bank trimmed its FY2026 EPS estimate to $8.16 from $8.17, a very small revision that matches the current consensus estimate.
• Neutral Sentiment: Erste Group also nudged FY2027 EPS down to $9.20 from $9.23, another modest cut that does not materially change the long-term earnings outlook.
• Negative Sentiment: Analyst notes pointed to WM’s high debt load and slower stock momentum as ongoing concerns that could weigh on investor sentiment.

Waste Management Stock Down 1.1%

Shares of NYSE:WM opened at $239.50 on Friday. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a market capitalization of $96.18 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 2.95 and a beta of 0.44. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The company has a fifty day moving average of $222.20 and a 200-day moving average of $226.50.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $6.23 billion for 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%.Waste Management’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. On average, equities analysts predict that Waste Management, Inc. will post 8.16 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, June 5th. Waste Management’s payout ratio is 54.70%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WM shares. Barclays lifted their price objective on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Wells Fargo & Company lowered their price target on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. TD Cowen upped their price objective on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada raised their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $256.70.

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.