Bank Pictet & Cie Europe AG Sells 13,264 Shares of Waste Management, Inc. $WM

Key Points

• Bank Pictet & Cie Europe AG reduced its Waste Management stake by 16.7% in the second quarter, selling 13,264 shares and retaining 66,190 shares valued at approximately $14.75 million.
• Waste Management’s latest quarterly results beat EPS expectations, with earnings of $2.02 per share and revenue growth of 4% year over year. However, the company lowered its 2026 revenue outlook because of softer volumes.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $258.89, while investors remain cautious because of WM’s premium valuation, high debt and limited liquidity.

Bank Pictet & Cie Europe AG cut its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 16.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,190 shares of the business services provider's stock after selling 13,264 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in Waste Management were worth $14,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nilsine Partners LLC increased its stake in Waste Management by 2.9% in the 2nd quarter. Nilsine Partners LLC now owns 2,468 shares of the business services provider's stock worth $550,000 after purchasing an additional 69 shares during the period. Naples Global Advisors LLC boosted its stake in shares of Waste Management by 8.5% during the second quarter. Naples Global Advisors LLC now owns 21,765 shares of the business services provider's stock valued at $4,851,000 after purchasing an additional 1,711 shares during the period. Mine & Arao Wealth Creation & Management LLC. grew its holdings in shares of Waste Management by 8.4% in the second quarter. Mine & Arao Wealth Creation & Management LLC. now owns 5,723 shares of the business services provider's stock worth $1,276,000 after purchasing an additional 442 shares during the last quarter. Forum Financial Management LP grew its holdings in shares of Waste Management by 9.0% in the second quarter. Forum Financial Management LP now owns 1,239 shares of the business services provider's stock worth $276,000 after purchasing an additional 102 shares during the last quarter. Finally, Evergreen Private Wealth LLC increased its stake in shares of Waste Management by 2.7% in the second quarter. Evergreen Private Wealth LLC now owns 26,279 shares of the business services provider's stock worth $5,857,000 after buying an additional 699 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Waste Management News Summary

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

• Positive Sentiment: Higher margins, pricing gains and stronger cash flow could help WM sustain earnings momentum even as operating conditions soften. Technology-driven efficiencies, including benefits from the Stericycle integration, and the company’s consistent dividend also support the long-term investment case. Is WM Stock Worth Buying as Margins Rise but Valuation Stays Rich?
• Positive Sentiment: WM’s recent earnings performance exceeded analysts’ EPS expectations, while revenue continued to grow year over year. These results reinforce the potential for margin expansion and disciplined pricing to offset slower volume growth.
• Neutral Sentiment: WM has lagged the broader market rally, prompting some investors to view the stock as a potential opportunity for defensive, income-oriented portfolios. However, the investment case depends on continued execution rather than a clear near-term catalyst. Waste Management Fell Behind the Rally. Is It an Opportunity?
• Negative Sentiment: WM lowered its 2026 revenue outlook because of softer volumes. Investors are watching whether margin improvements, pricing and cash flow can fully offset weaker demand. WM’s 2026 Outlook Tests Whether Margin Gains Can Offset Softer Volumes
• Negative Sentiment: A premium earnings multiple, substantial debt and weak liquidity metrics increase downside risk if growth or integration benefits disappoint. With shares trading near their moving averages and valuation still rich, investors may demand continued earnings execution. Is WM Stock Worth Buying as Margins Rise but Valuation Stays Rich?

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WM shares. Stifel Nicolaus increased their price target on shares of Waste Management from $252.00 to $261.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce cut shares of Waste Management from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 29th. Oppenheimer lowered their price objective on shares of Waste Management from $264.00 to $263.00 and set an "outperform" rating for the company in a research note on Wednesday, July 8th. Wells Fargo & Company cut their target price on Waste Management from $273.00 to $268.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Finally, Scotiabank boosted their price target on Waste Management from $250.00 to $260.00 and gave the company a "sector perform" rating in a report on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Waste Management currently has a consensus rating of "Moderate Buy" and an average target price of $258.89.

Waste Management Stock Up 0.2%

Shares of Waste Management stock opened at $224.73 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a market cap of $89.83 billion, a P/E ratio of 31.83, a PEG ratio of 2.76 and a beta of 0.44. The company's fifty day simple moving average is $227.62 and its two-hundred day simple moving average is $227.88.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating 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 business had revenue of $6.68 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same period in the previous year, the firm posted $1.92 EPS. The business's revenue was up 4.0% on a year-over-year basis. Research analysts anticipate that Waste Management, Inc. will post 8.14 EPS for the current year.

Waste Management Profile

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.

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