39,640 Waste Management, Inc. $WM Shares Sold by Payden & Rygel

Payden & Rygel lessened its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 97.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,200 shares of the business services provider's stock after selling 39,640 shares during the period. Payden & Rygel's holdings in Waste Management were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WM. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in Waste Management by 25.5% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 86,521 shares of the business services provider's stock valued at $17,643,000 after buying an additional 17,600 shares during the period. Partners Wealth Management LLC acquired a new position in shares of Waste Management in the 3rd quarter valued at $416,000. Everett Harris & Co. CA lifted its holdings in shares of Waste Management by 2.7% during the 3rd quarter. Everett Harris & Co. CA now owns 3,951 shares of the business services provider's stock worth $806,000 after acquiring an additional 104 shares during the period. United Asset Strategies Inc. lifted its holdings in shares of Waste Management by 3.2% during the 3rd quarter. United Asset Strategies Inc. now owns 34,629 shares of the business services provider's stock worth $7,061,000 after acquiring an additional 1,066 shares during the period. Finally, Interchange Capital Partners LLC boosted its position in shares of Waste Management by 4.7% during the 3rd quarter. Interchange Capital Partners LLC now owns 1,335 shares of the business services provider's stock valued at $272,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 80.40% of the company's stock.

Waste Management Stock Performance

Shares of NYSE:WM opened at $233.33 on Friday. The stock has a market capitalization of $93.27 billion, a P/E ratio of 30.62, a P/E/G ratio of 2.99 and a beta of 0.42. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $248.13. The company has a current ratio of 0.82, a quick ratio of 0.87 and a debt-to-equity ratio of 2.21. The business has a 50-day moving average price of $217.85 and a two-hundred day moving average price of $225.13.

Waste Management (NYSE:WM - Get Free Report) last issued its earnings results on Tuesday, October 27th. The business services provider reported $2.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.03). Waste Management had a net margin of 11.78% and a return on equity of 31.97%. The business had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the business posted $1.98 EPS. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts predict that Waste Management, Inc. will post 8.06 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $0.9450 dividend. This represents a $3.78 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, September 11th. Waste Management's dividend payout ratio is currently 49.61%.

Wall Street Analysts Forecast Growth

WM has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price target on Waste Management from $244.00 to $247.00 and gave the company a "sector perform" rating in a research note on Thursday. Barclays boosted their price target on shares of Waste Management from $277.00 to $283.00 and gave the company an "overweight" rating in a research report on Thursday. Raymond James Financial set a $251.00 price objective on shares of Waste Management in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Waste Management from $235.00 to $260.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, TD Cowen reiterated a "buy" rating on shares of Waste Management in a research note on Thursday. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $257.89.

More Waste Management News

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

• Positive Sentiment: Waste Management maintained its 2026 outlook and guided revenue and free cash flow toward the high ends of its ranges, reassuring investors that growth remains on track. Waste Management Could Be 9% Undervalued After High End Guidance Reaffirmed
• Positive Sentiment: The healthcare business was a major growth driver, with operating EBITDA reportedly rising 33% year over year. Nine-month free cash flow also increased more than 42%, supporting capital returns and the company’s buyback program. WM Q3 Earnings Call Highlights Healthcare Gains and Volume Pressure
• Positive Sentiment: Analysts raised their targets, including JPMorgan to $260 and Barclays to $283, while retaining overweight ratings. These revisions imply additional upside and reflect confidence in WM’s defensive cash flows and outlook. JPMorgan Waste Management Ratings
• Neutral Sentiment: The upcoming CEO transition is attracting investor attention. Continuity in strategy and execution could support the stock, but leadership changes introduce uncertainty until further details are provided. Waste Management Earnings Call Signals Resilient Growth
• Negative Sentiment: Slowing waste volumes and higher fuel costs are pressuring margins. Earlier reports that WM shares gapped lower and broke below the 200-day moving average reflected the market’s initial disappointment with earnings and operational trends. WM Q3 Earnings Call Highlights
• Negative Sentiment: Income investors face a longer-term risk: although WM has raised its dividend annually since 2009, persistent volume weakness could constrain future increases. The stock also trades at a relatively premium earnings multiple. Can Waste Management Keep Raising Its Dividend for Decades?

Insiders Place Their Bets

In related news, CAO John Carroll sold 1,365 shares of Waste Management stock in a transaction on Friday, September 4th. The stock was sold at an average price of $219.90, for a total transaction of $300,163.50. Following the completion of the sale, the chief accounting officer directly owned 3,509 shares of the company's stock, valued at $771,629.10. The trade was a 28.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by corporate insiders.

About Waste Management

Waste Management, Inc, doing business as WM NYSE: WM, is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM's services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.

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