Waste Management, Inc. $WM Stock Position Increased by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC grew its position in Waste Management, Inc. (NYSE:WM) by 2.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 316,174 shares of the business services provider’s stock after buying an additional 7,000 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Waste Management were worth $72,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of Waste Management in the fourth quarter valued at $10,206,000. Capital Advisors Inc. OK boosted its stake in shares of Waste Management by 2.0% during the 4th quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock worth $43,192,000 after acquiring an additional 3,880 shares in the last quarter. Central Bank & Trust Co. grew its holdings in shares of Waste Management by 333.1% in the 4th quarter. Central Bank & Trust Co. now owns 8,442 shares of the business services provider’s stock worth $1,855,000 after acquiring an additional 6,493 shares during the last quarter. Goodman Financial Corp acquired a new stake in shares of Waste Management during the fourth quarter worth $16,898,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Waste Management by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 3,530,900 shares of the business services provider’s stock valued at $781,494,000 after purchasing an additional 236,439 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Down 1.1%

NYSE:WM opened at $239.50 on Friday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The stock’s 50-day moving average is $222.20 and its two-hundred day moving average is $226.50. The stock has a market cap 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.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that Waste Management, Inc. will post 8.16 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business 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 currently 54.70%.

Key Waste Management News

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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WM shares. TD Cowen lifted their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Scotiabank upped their price objective on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday. Oppenheimer dropped their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. Wells Fargo & Company cut their price target on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Citigroup upped their price target on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.