Decker Wealth Management LLC Purchases New Position in Waste Management, Inc. $WM

Key Points

• Decker Wealth Management opened a new position in Waste Management during the first quarter, buying 28,304 shares valued at about $6.5 million. The stake represents 1.5% of its holdings and ranks as its 29th largest position.
• Waste Management reported better-than-expected earnings for the latest quarter, with EPS of $1.81 versus estimates of $1.75. Revenue rose 3.5% year over year to $6.23 billion, and analysts now expect full-year EPS of 8.16.
• The company continues to draw mostly positive Wall Street sentiment, with several firms raising price targets and the consensus rating sitting at “Moderate Buy.” Waste Management also paid a quarterly dividend of $0.945, equal to a 1.6% annualized yield.

Decker Wealth Management LLC purchased a new stake in Waste Management, Inc. (NYSE:WM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,304 shares of the business services provider's stock, valued at approximately $6,504,000. Waste Management makes up 1.5% of Decker Wealth Management LLC's holdings, making the stock its 29th largest holding.

Several other hedge funds also recently modified their holdings of the company. KBC Group NV raised its position in Waste Management by 16.2% in the 1st quarter. KBC Group NV now owns 409,741 shares of the business services provider's stock valued at $94,155,000 after purchasing an additional 57,028 shares during the last quarter. True North Advisors LLC acquired a new position in Waste Management in the first quarter worth $294,000. SEB Asset Management AB bought a new stake in shares of Waste Management during the first quarter worth $52,748,000. Swiss National Bank increased its stake in shares of Waste Management by 7.1% in the first quarter. Swiss National Bank now owns 1,182,300 shares of the business services provider's stock valued at $271,681,000 after buying an additional 78,300 shares in the last quarter. Finally, World Equity Group Inc. raised its holdings in shares of Waste Management by 222.5% in the first quarter. World Equity Group Inc. now owns 3,673 shares of the business services provider's stock valued at $844,000 after buying an additional 2,534 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Stock Up 0.1%

NYSE:WM opened at $239.50 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The stock's fifty day simple moving average is $222.20 and its 200-day simple moving average is $226.53. The firm has a market capitalization of $96.18 billion, a P/E ratio of 34.66, a P/E/G ratio of 2.91 and a beta of 0.44.

Waste Management (NYSE:WM - Get Free Report) last released its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The company's quarterly revenue was up 3.5% on a year-over-year basis. Equities research analysts expect that Waste Management, Inc. will post 8.16 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, June 5th. Waste Management's dividend payout ratio (DPR) is currently 54.70%.

Analysts Set New Price Targets

A number of equities research analysts have commented on WM shares. Barclays increased their price objective on shares of Waste Management from $266.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Waste Management from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Friday, April 10th. Robert W. Baird upped their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, April 16th. Canadian Imperial Bank of Commerce raised shares of Waste Management from a "hold" rating to an "outperformer" rating and set a $244.00 price target for the company in a report on Tuesday, July 7th. Finally, Scotiabank boosted their price objective on shares of Waste Management from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Thursday. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $256.70.

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 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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