6,160 Waste Management, Inc. $WM Shares Sold by AMI Asset Management Corp

Key Points

• AMI Asset Management reduced its Waste Management position by 3.6%, selling 6,160 shares and retaining 165,679 shares valued at approximately $33.8 million. Institutional investors collectively own 80.4% of WM.
• Analyst sentiment remains broadly positive, with 13 Buy ratings and five Holds producing a “Moderate Buy” consensus and average price target of $256.06, despite several firms recently lowering targets.
• WM shares were trading near $232, with a market capitalization of about $92.7 billion and a 1.6% dividend yield. Investors are focused on the upcoming earnings report, while the stock’s defensive waste-services business provides recurring demand.

AMI Asset Management Corp lowered its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,679 shares of the business services provider's stock after selling 6,160 shares during the period. Waste Management comprises approximately 1.9% of AMI Asset Management Corp's holdings, making the stock its 26th largest holding. AMI Asset Management Corp's holdings in Waste Management were worth $33,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG increased its holdings in Waste Management by 1.8% during the third quarter. Bank Pictet & Cie Europe AG now owns 67,388 shares of the business services provider's stock valued at $13,742,000 after buying an additional 1,198 shares during the period. MBM Wealth Consultants LLC raised its stake in Waste Management by 6.2% in the third quarter. MBM Wealth Consultants LLC now owns 10,304 shares of the business services provider's stock worth $2,101,000 after buying an additional 605 shares in the last quarter. Lazari Capital Management Inc. purchased a new stake in Waste Management during the third quarter worth $226,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Waste Management by 3.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 97,327 shares of the business services provider's stock worth $19,847,000 after buying an additional 2,873 shares during the period. Finally, CFS Investment Advisory Services LLC purchased a new stake in Waste Management during the third quarter worth $203,000. 80.40% of the stock is currently owned by institutional investors.

More Waste Management News

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

• Positive Sentiment: Market participation supported the move: Waste Management closed at $231.73, up 2.35% from the prior close, outperforming the broader market during the latest session. The advance appears driven more by overall market strength than by a major company-specific announcement. Waste Management Beats Stock Market Upswing
• Positive Sentiment: Defensive, essential-service appeal remains intact: Waste collection and disposal demand is relatively recurring, and analysts continue to identify waste management as an industry with long-term demand drivers extending into 2027. That defensive profile may attract investors seeking stability outside high-growth technology stocks. Long-Term Demand Drivers for 2027
• Neutral Sentiment: Investors are weighing the upcoming earnings report: Waste Management is expected to report earnings next week, with Wall Street anticipating year-over-year earnings growth. However, the company reportedly lacks the usual indicators that would suggest a likely earnings beat, making the release a potentially important near-term catalyst. Waste Management Reports Next Week
• Negative Sentiment: Recent performance has lagged the market: WM has traded near $225 since April and has not kept pace with the S&P 500’s gains over that period. The lack of sustained momentum could limit enthusiasm unless earnings, guidance, or valuation provide a fresh reason to buy. Buy, Sell, or Hold Post Q2 Earnings
• Negative Sentiment: Earnings-beat risk could create volatility: If Waste Management fails to exceed expectations or offers cautious guidance, the stock’s relatively elevated valuation could pressure shares after the report. Wall Street Expects Earnings Growth

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Weiss Ratings raised Waste Management from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday. Canadian Imperial Bank of Commerce reduced their price target on Waste Management from $250.00 to $225.00 and set a "neutral" rating for the company in a research report on Thursday, October 8th. JPMorgan Chase & Co. decreased their price objective on Waste Management from $270.00 to $235.00 and set an "overweight" rating for the company in a research note on Thursday, October 8th. Scotiabank raised their price objective on Waste Management from $250.00 to $260.00 and gave the company a "sector perform" rating in a research report on Thursday, July 16th. Finally, Oppenheimer cut their target price on Waste Management from $264.00 to $263.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 8th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Waste Management has a consensus rating of "Moderate Buy" and an average target price of $256.06.

Insider Buying and Selling

In other Waste Management news, CAO John Carroll sold 1,365 shares of the business's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $219.90, for a total transaction of $300,163.50. Following the sale, the chief accounting officer owned 3,509 shares of the company's stock, valued at approximately $771,629.10. The trade was a 28.01% decrease in their position. The transaction 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 company insiders.

Waste Management Stock Performance

Shares of WM opened at $232.00 on Wednesday. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The stock has a fifty day moving average price of $216.23 and a 200-day moving average price of $222.23. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. The firm has a market cap of $92.73 billion, a PE ratio of 29.25, a P/E/G ratio of 2.88 and a beta of 0.42.

Waste Management (NYSE:WM - Get Free Report) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%. The firm had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the business earned $1.92 EPS. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts predict that Waste Management, Inc. will post 8.12 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a $0.9450 dividend. The ex-dividend date was Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. Waste Management's dividend payout ratio (DPR) is 53.54%.

Waste Management Profile

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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