SteelPeak Wealth LLC Has $1.58 Million Holdings in Waste Management, Inc. $WM

Key Points

• SteelPeak Wealth LLC cut its Waste Management stake by 46.3% in the first quarter, leaving it with 6,858 shares worth about $1.58 million.
• Wall Street remains broadly positive on WM, with 16 Buy ratings and 7 Hold ratings, and a consensus price target of $256.70.
• Waste Management reported Q1 EPS of $1.81, topping expectations, and recently paid a quarterly dividend of $0.945 per share for a 1.6% annualized yield.

SteelPeak Wealth LLC trimmed its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 46.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,858 shares of the business services provider's stock after selling 5,920 shares during the period. SteelPeak Wealth LLC's holdings in Waste Management were worth $1,576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock valued at $1,384,000 after acquiring an additional 2,320 shares in the last quarter. Sprott Inc. acquired a new position in Waste Management during the 1st quarter worth approximately $325,000. Sei Investments Co. grew its stake in shares of Waste Management by 8.0% during the 2nd quarter. Sei Investments Co. now owns 272,438 shares of the business services provider's stock worth $62,339,000 after acquiring an additional 20,122 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Waste Management by 68.2% in the second quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider's stock valued at $83,843,000 after purchasing an additional 148,590 shares during the last quarter. Finally, Glenview Trust co lifted its position in shares of Waste Management by 5.1% in the second quarter. Glenview Trust co now owns 3,338 shares of the business services provider's stock worth $764,000 after purchasing an additional 162 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WM has been the subject of a number of analyst reports. Royal Bank Of Canada raised their target price on shares of Waste Management from $235.00 to $240.00 and gave the company a "sector perform" rating in a research report on Thursday, April 30th. Robert W. Baird increased their price objective on shares of Waste Management from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, April 16th. Canadian Imperial Bank of Commerce upgraded Waste Management from a "hold" rating to an "outperformer" rating and set a $244.00 price objective for the company in a report on Tuesday, July 7th. Wells Fargo & Company dropped their target price on Waste Management from $273.00 to $268.00 and set an "overweight" rating on the stock in a report on Thursday, April 30th. Finally, TD Cowen raised their price target on Waste Management from $270.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Sixteen research 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 an average rating of "Moderate Buy" and a consensus price target of $256.70.

More Waste Management News

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 Trading Down 1.1%

Waste Management stock opened at $239.50 on Friday. The stock has a 50-day simple moving average of $222.20 and a 200 day simple moving average of $226.50. The stock has a market capitalization of $96.18 billion, a P/E ratio of 34.66, a PEG ratio of 2.95 and a beta of 0.44. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) 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 company earned $1.67 earnings per share. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts expect that Waste Management, Inc. will post 8.16 earnings per share for the current year.

Waste Management Announces Dividend

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

Waste Management Company 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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