Waste Management, Inc. $WM Shares Sold by Kornitzer Capital Management Inc. KS

Key Points

• Kornitzer Capital trimmed its stake in Waste Management by 3.3%, selling 10,372 shares and leaving it with 307,389 shares valued at about $67.54 million, with WM representing roughly 1.4% of the firm's holdings and its 12th-largest position.
• Company insiders have been net sellers: CEO James C. Fish Jr. sold 30,390 shares (~$7.0M) and a VP sold 17,251 shares (~$4.17M), with insiders disposing of 92,616 shares worth about $21.85M in the past 90 days (insider ownership ~0.18%).
• Wall Street sentiment is generally positive with multiple price-target raises (e.g., TD Cowen $275, Barclays $270, UBS upgraded to buy $260) and a consensus target near $255.67; Waste Management beat Q1 EPS estimates ($1.81 vs. $1.75) but slightly missed revenue and raised its quarterly dividend to $0.945 ($3.78 annual, ~1.7% yield).

Kornitzer Capital Management Inc. KS decreased its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 307,389 shares of the business services provider's stock after selling 10,372 shares during the period. Waste Management makes up approximately 1.4% of Kornitzer Capital Management Inc. KS's holdings, making the stock its 12th largest position. Kornitzer Capital Management Inc. KS owned approximately 0.08% of Waste Management worth $67,536,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Elevated Capital Advisors LLC acquired a new stake in shares of Waste Management during the fourth quarter worth about $25,000. Cornerstone Planning Group LLC boosted its stake in shares of Waste Management by 101.5% during the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider's stock worth $29,000 after buying an additional 67 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Waste Management during the third quarter worth about $30,000. Kelleher Financial Advisors acquired a new stake in shares of Waste Management during the fourth quarter worth about $31,000. Finally, Holos Integrated Wealth LLC acquired a new stake in shares of Waste Management during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Insider Buying and Selling

In other Waste Management news, CEO James C. Fish, Jr. sold 30,390 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $230.36, for a total value of $7,000,640.40. Following the completion of the transaction, the chief executive officer directly owned 225,793 shares of the company's stock, valued at approximately $52,013,675.48. This trade represents a 11.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Michael J. Watson sold 17,251 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $241.81, for a total transaction of $4,171,464.31. Following the transaction, the vice president directly owned 44,146 shares of the company's stock, valued at approximately $10,674,944.26. This trade represents a 28.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 92,616 shares of company stock valued at $21,849,115 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

Key Waste Management News

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

Wall Street Analyst Weigh In

WM has been the subject of a number of recent analyst reports. Barclays raised their price objective on shares of Waste Management from $266.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday. Royal Bank Of Canada raised their price objective 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. UBS Group upgraded shares of Waste Management from a "neutral" rating to a "buy" rating and raised their price objective for the company from $225.00 to $260.00 in a research report on Friday, January 9th. Sanford C. Bernstein raised their price objective on shares of Waste Management from $255.00 to $260.00 and gave the company an "outperform" rating in a research report on Monday, January 5th. Finally, Citigroup reduced their price objective on shares of Waste Management from $270.00 to $263.00 and set a "buy" rating for the company in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $255.67.

Waste Management Trading Down 1.6%

Shares of Waste Management stock opened at $228.81 on Friday. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a current ratio of 0.93, a quick ratio of 0.85 and a debt-to-equity ratio of 2.22. The stock has a market cap of $92.19 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. The company has a 50-day moving average of $232.31 and a two-hundred day moving average of $222.67.

Waste Management (NYSE:WM - Get Free Report) last issued its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.23 billion during the quarter, compared to analysts' expectations of $6.28 billion. During the same period last year, the company posted $1.67 earnings per share. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts anticipate that Waste Management, Inc. will post 8.17 EPS for the current fiscal year.

Waste Management Increases Dividend

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

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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