Intact Investment Management Inc. Has $6.28 Million Stock Holdings in Waste Management, Inc. $WM

Intact Investment Management Inc. grew its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 62.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,600 shares of the business services provider's stock after buying an additional 11,000 shares during the quarter. Intact Investment Management Inc.'s holdings in Waste Management were worth $6,284,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WM. Elevated Capital Advisors LLC acquired a new position in shares of Waste Management in the 4th quarter valued at $25,000. Cornerstone Planning Group LLC raised its stake in shares of Waste Management by 101.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider's stock valued at $29,000 after buying an additional 67 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Waste Management during the 3rd quarter worth about $30,000. Kelleher Financial Advisors acquired a new stake in shares of Waste Management during the 4th quarter worth about $31,000. Finally, Holos Integrated Wealth LLC acquired a new stake in shares of Waste Management during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Waste Management from $236.00 to $252.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. JPMorgan Chase & Co. increased 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. Royal Bank Of Canada increased their target price on shares of Waste Management from $235.00 to $240.00 and gave the stock a "sector perform" rating in a research report on Thursday. Oppenheimer increased their target price on shares of Waste Management from $263.00 to $264.00 and gave the stock an "outperform" rating in a research report on Friday, January 30th. Finally, Barclays increased their target price on shares of Waste Management from $266.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Waste Management presently has a consensus rating of "Moderate Buy" and an average price target of $255.67.

Waste Management Stock Up 0.0%

Shares of NYSE:WM opened at $228.81 on Monday. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The company's 50-day moving average price is $232.31 and its two-hundred day moving average price is $222.74. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The firm has a market cap of $91.88 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.38 and a beta of 0.49.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. 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 earned $1.67 EPS. The company's revenue was up 3.5% on a year-over-year basis. As a group, research analysts forecast that Waste Management, Inc. will post 8.18 EPS for the current fiscal year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a dividend of $0.945 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. This is an increase from Waste Management's previous quarterly dividend of $0.83. Waste Management's payout ratio is currently 54.70%.

Insider Activity

In other Waste Management news, VP Michael J. Watson sold 17,251 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $241.81, for a total transaction of $4,171,464.31. Following the sale, the vice president owned 44,146 shares of the company's stock, valued at $10,674,944.26. This represents a 28.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John J. Morris sold 4,211 shares of the firm's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $243.38, for a total transaction of $1,024,873.18. Following the completion of the transaction, the chief operating officer directly owned 99,929 shares in the company, valued at $24,320,720.02. This trade represents a 4.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 92,616 shares of company stock worth $21,849,115. 0.18% of the stock is currently owned by insiders.

Key Stories Impacting Waste Management

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

• Positive Sentiment: Analyst boosts from high-conviction firms — TD Cowen raised its price target to $275 and keeps a buy rating, and Barclays lifted its target to $270 with an overweight rating. Those upgrades signal analyst confidence and imply double‑digit upside from current levels. TD Cowen raise Barclays raise
• Positive Sentiment: Zacks highlights WM as a strong growth stock based on style scores and fundamentals — a positive signal for growth-oriented investors and fund flows. Zacks article
• Neutral Sentiment: Modest price target increase from RBC to $240 with a "sector perform" rating — supportive but conservative, reflecting limited near-term conviction (small upside). RBC note
• Neutral Sentiment: Market research on multi-layer film recycling forecasts strong long‑term growth (9.2% CAGR to 2035), which supports waste/recycling industry tailwinds but is unlikely to move WM stock immediately. Market report
• Neutral Sentiment: Benzinga summary: analysts revised forecasts after WM’s Q1 (EPS beat, revenue miss). The mixed nature of results leaves room for differing analyst actions and contributes to intra-day volatility. Analyst revisions
• Negative Sentiment: Wells Fargo trimmed its price target from $273 to $268 (still overweight) — a downward tweak that reduces near-term upside expectations. Wells Fargo trim
• Negative Sentiment: Peer strength: Waste Connections (WCN) reported beat-and-raise style results and noted liquidity considerations, highlighting competitive momentum in the sector that could put pressure on WM’s market-share narrative. Investors may reallocate toward peers showing stronger near-term top-line momentum. WCN article

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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