Fortis Group Advisors LLC Acquires 15,155 Shares of Waste Management, Inc. $WM

Key Points

• Fortis Group Advisors increased its Waste Management stake by 211.8% in the second quarter, acquiring 15,155 additional shares and bringing its holdings to 22,312 shares valued at approximately $4.97 million. Institutional investors collectively own 80.4% of WM.
• Waste Management beat quarterly EPS estimates, reporting $2.02 versus the $1.98 consensus, while revenue rose 4% year over year to $6.68 billion, slightly below expectations.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $258.89, though the stock’s premium valuation, high leverage and softer volumes remain key risks.

Fortis Group Advisors LLC increased its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 211.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,312 shares of the business services provider's stock after acquiring an additional 15,155 shares during the period. Fortis Group Advisors LLC's holdings in Waste Management were worth $4,973,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WM. Elevated Capital Advisors LLC purchased a new position in shares of Waste Management in the 4th quarter worth approximately $25,000. RHL Group LLC purchased a new stake in Waste Management during the 4th quarter valued at $29,000. Financial Network Wealth Advisors LLC lifted its position in 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 worth $29,000 after buying an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in Waste Management in the fourth quarter worth $29,000. Finally, JPL Wealth Management LLC purchased a new position in Waste Management during the third quarter worth $30,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Stock Performance

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

Waste Management (NYSE:WM - Get Free Report) last issued its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.04. The firm had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business's revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.92 earnings per share. Analysts predict that Waste Management, Inc. will post 8.14 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WM shares. Scotiabank increased their target price on shares of Waste Management from $250.00 to $260.00 and gave the company a "sector perform" rating in a research note on Thursday, July 16th. Stifel Nicolaus lifted their price target on shares of Waste Management from $252.00 to $261.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Royal Bank Of Canada upped their price target on shares of Waste Management from $240.00 to $244.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Barclays increased their price objective on shares of Waste Management from $270.00 to $277.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Finally, UBS Group raised their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $258.89.

Key Headlines Impacting Waste Management

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?

About Waste Management

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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