First National Bank of Mount Dora Trust Investment Services Has $7.50 Million Position in Waste Management, Inc. $WM

Key Points

• First National Bank of Mount Dora Trust Investment Services increased its Waste Management stake by 64.5% in the first quarter, holding 32,627 shares valued at approximately $7.50 million. Institutional investors and hedge funds collectively own 80.4% of WM.
• Waste Management’s second-quarter adjusted earnings of $2.02 per share beat expectations, while revenue rose 4% year over year to $6.68 billion. Analysts largely remain positive, with a “Moderate Buy” consensus and an average price target of $258.33.
• Risks include a slightly lower-than-expected full-year revenue outlook and softer collection volumes, which could offset margin expansion and integration benefits. The company also pays a quarterly dividend of $0.945, representing a 1.7% yield.

First National Bank of Mount Dora Trust Investment Services raised its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 64.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,627 shares of the business services provider's stock after purchasing an additional 12,787 shares during the period. Waste Management accounts for 1.6% of First National Bank of Mount Dora Trust Investment Services' portfolio, making the stock its 24th largest holding. First National Bank of Mount Dora Trust Investment Services' holdings in Waste Management were worth $7,497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WM. Elevated Capital Advisors LLC bought a new position in Waste Management in the 4th quarter worth $25,000. RHL Group LLC bought a new stake in Waste Management during the fourth quarter valued at about $29,000. Financial Network Wealth Advisors LLC grew its position in shares of Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider's stock valued at $29,000 after purchasing an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in shares of Waste Management during the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Waste Management during the 3rd quarter worth about $30,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management News Roundup

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

• Positive Sentiment: Analysts raised price targets. Barclays increased its target from $270 to $277 and maintained an Overweight rating, while Stifel Nicolaus raised its target from $252 to $261 and reiterated Buy. These targets imply substantial upside and reinforce the bullish case for WM. Barclays and Stifel analyst actions
• Positive Sentiment: RBC also lifted its price target from $240 to $244, citing a more favorable valuation outlook, although it retained a Sector Perform rating. RBC raises Waste Management price target
• Positive Sentiment: Second-quarter profitability was better than expected. WM reported adjusted earnings of $2.02 per share, above the $1.98 consensus estimate, while revenue rose 4% year over year to $6.68 billion. Management highlighted margin expansion, technology investments and progress integrating its healthcare-services operations. WM Q2 earnings call highlights
• Neutral Sentiment: Scotiabank maintained its Hold rating. The decision suggests analysts see balanced upside and downside risks following the earnings report. Scotiabank maintains Hold rating
• Negative Sentiment: Revenue expectations and operating volumes remain concerns. WM’s full-year revenue outlook of approximately $26.38 billion was slightly below analysts’ expectations, and softer collection volumes could offset margin gains and integration benefits. WM Q2 business review
• Negative Sentiment: Erste Group issued a bearish FY2026 earnings forecast, adding a cautious counterpoint to the more optimistic target increases from other firms. Erste Group bearish forecast

Waste Management Price Performance

NYSE:WM opened at $226.89 on Monday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91. The company has a 50-day moving average of $225.52 and a 200-day moving average of $227.66. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The company has a market capitalization of $90.69 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.79 and a beta of 0.44.

Waste Management (NYSE:WM - Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business had revenue of $6.68 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Waste Management, Inc. will post 8.13 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, June 5th. Waste Management's dividend payout ratio is currently 53.54%.

Wall Street Analyst Weigh In

WM has been the topic of a number of research analyst reports. Robert W. Baird raised their target price on Waste Management from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, April 16th. Barclays increased their price objective on Waste Management from $270.00 to $277.00 and gave the company an "overweight" rating in a research report on Thursday. Weiss Ratings downgraded shares of Waste Management from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, June 11th. 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 report on Friday, April 10th. Finally, 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. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $258.33.

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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