L. Roy Papp & Associates LLP Grows Position in Waste Management, Inc. $WM

Key Points

• L. Roy Papp & Associates increased its Waste Management stake by 42.5% in the second quarter, bringing its holdings to 18,969 shares valued at approximately $4.23 million. Institutional investors collectively own 80.4% of WM’s outstanding stock.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and seven Holds producing a consensus “Moderate Buy” rating and an average price target of $258.89.
• Waste Management beat quarterly earnings expectations with EPS of $2.02 versus $1.98 estimated, while revenue rose 4% year over year to $6.68 billion. However, softer collection volumes and the stock’s elevated valuation and debt levels remain risks.

L. Roy Papp & Associates LLP lifted its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 42.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,969 shares of the business services provider's stock after purchasing an additional 5,657 shares during the quarter. L. Roy Papp & Associates LLP's holdings in Waste Management were worth $4,228,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Waste Management by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider's stock valued at $8,566,508,000 after buying an additional 553,605 shares in the last quarter. State Street Corp increased its position in shares of Waste Management by 1.6% in the fourth quarter. State Street Corp now owns 17,390,748 shares of the business services provider's stock worth $3,820,921,000 after acquiring an additional 281,456 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Waste Management by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider's stock valued at $1,972,371,000 after acquiring an additional 117,476 shares during the period. Norges Bank acquired a new position in shares of Waste Management during the 4th quarter valued at $1,022,916,000. Finally, Northern Trust Corp boosted its position in Waste Management by 0.3% during the 3rd quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider's stock worth $873,276,000 after purchasing an additional 11,688 shares during the period. Institutional investors and hedge funds own 80.40% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WM. UBS Group increased their price target on Waste Management from $265.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Stifel Nicolaus boosted their price objective on 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 increased their target price on Waste Management from $240.00 to $244.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce downgraded Waste Management from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. Finally, Scotiabank boosted their price target on Waste Management from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Waste Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.89.

Waste Management Stock Performance

Shares of WM stock opened at $224.73 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The company's fifty day moving average price is $227.62 and its two-hundred day moving average price is $227.88. The firm has a market capitalization of $89.83 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.75 and a beta of 0.44. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13.

Waste Management (NYSE:WM - Get Free Report) last announced its earnings results 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 company had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the firm earned $1.92 earnings per share. The company's revenue was up 4.0% on a year-over-year basis. On average, research analysts anticipate that Waste Management, Inc. will post 8.14 earnings per share for the current fiscal year.

Waste Management News Summary

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

• Positive Sentiment: Stronger margins, pricing actions and cash flow are helping Waste Management offset pressure from softer collection volumes and support continued earnings growth. WM's 2026 Outlook Tests Whether Margin Gains Can Offset Softer Volumes
• Positive Sentiment: Technology-driven efficiency initiatives, contributions from the Stericycle acquisition and dependable dividend payments provide potential long-term growth and shareholder-return support. Here's Why Investors Must Hold WM Stock in Their Portfolios Now
• Positive Sentiment: WM’s underperformance relative to the broader market may attract investors seeking a potentially favorable entry point in a defensive, cash-generating waste-services company. Waste Management (WM) Fell Behind the Rally. Is It an Opportunity?
• Neutral Sentiment: Industry trends point to ongoing equipment innovation, but the broad waste-management equipment market discussion offers limited new information specific to WM’s near-term results. Waste Management Equipment Market Future Trends and Innovations
• Negative Sentiment: Waste Management lowered its 2026 revenue outlook because of weaker volumes, increasing concern that margin gains may not fully compensate for slower underlying demand. WM's 2026 Outlook Tests Whether Margin Gains Can Offset Softer Volumes
• Negative Sentiment: WM’s elevated valuation leaves less room for execution problems, while substantial debt and weak liquidity could constrain financial flexibility and amplify downside risk. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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