Waste Management, Inc. $WM Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 3.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 864,959 shares of the business services provider's stock after selling 27,662 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Waste Management worth $176,382,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WM. Cornerstone Advisory LLC increased its holdings in shares of Waste Management by 1.6% in the first quarter. Cornerstone Advisory LLC now owns 2,973 shares of the business services provider's stock valued at $683,000 after purchasing an additional 46 shares during the last quarter. Magnus Financial Group LLC grew its stake in Waste Management by 0.9% in the 3rd quarter. Magnus Financial Group LLC now owns 5,267 shares of the business services provider's stock valued at $1,074,000 after buying an additional 46 shares during the last quarter. Sound Income Strategies LLC raised its holdings in Waste Management by 7.2% in the 1st quarter. Sound Income Strategies LLC now owns 713 shares of the business services provider's stock valued at $165,000 after acquiring an additional 48 shares during the period. Rockland Trust Co. lifted its position in Waste Management by 3.4% during the second quarter. Rockland Trust Co. now owns 1,493 shares of the business services provider's stock worth $333,000 after acquiring an additional 49 shares during the last quarter. Finally, First National Bank & Trust Co. of Newtown boosted its holdings in shares of Waste Management by 4.7% during the first quarter. First National Bank & Trust Co. of Newtown now owns 1,118 shares of the business services provider's stock worth $257,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 80.40% of the company's stock.

Trending Headlines about Waste Management

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

• Positive Sentiment: Waste Management maintained its 2026 outlook and guided revenue and free cash flow toward the high ends of its ranges, reassuring investors that growth remains on track. Waste Management Could Be 9% Undervalued After High End Guidance Reaffirmed
• Positive Sentiment: The healthcare business was a major growth driver, with operating EBITDA reportedly rising 33% year over year. Nine-month free cash flow also increased more than 42%, supporting capital returns and the company’s buyback program. WM Q3 Earnings Call Highlights Healthcare Gains and Volume Pressure
• Positive Sentiment: Analysts raised their targets, including JPMorgan to $260 and Barclays to $283, while retaining overweight ratings. These revisions imply additional upside and reflect confidence in WM’s defensive cash flows and outlook. JPMorgan Waste Management Ratings
• Neutral Sentiment: The upcoming CEO transition is attracting investor attention. Continuity in strategy and execution could support the stock, but leadership changes introduce uncertainty until further details are provided. Waste Management Earnings Call Signals Resilient Growth
• Negative Sentiment: Slowing waste volumes and higher fuel costs are pressuring margins. Earlier reports that WM shares gapped lower and broke below the 200-day moving average reflected the market’s initial disappointment with earnings and operational trends. WM Q3 Earnings Call Highlights
• Negative Sentiment: Income investors face a longer-term risk: although WM has raised its dividend annually since 2009, persistent volume weakness could constrain future increases. The stock also trades at a relatively premium earnings multiple. Can Waste Management Keep Raising Its Dividend for Decades?

Analyst Upgrades and Downgrades

WM has been the topic of a number of research reports. Morgan Stanley decreased their price objective on Waste Management from $230.00 to $220.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 13th. Raymond James Financial set a $251.00 price objective on Waste Management in a report on Thursday. Stifel Nicolaus raised their price target on Waste Management from $252.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. TD Cowen reiterated a "buy" rating on shares of Waste Management in a research note on Thursday. Finally, BNP Paribas Exane decreased their target price on shares of Waste Management from $248.00 to $245.00 and set a "neutral" rating on the stock in a report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Waste Management currently has an average rating of "Moderate Buy" and an average price target of $257.89.

Insider Activity

In related news, CAO John Carroll sold 1,365 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $219.90, for a total value of $300,163.50. Following the completion of the transaction, the chief accounting officer owned 3,509 shares in the company, valued at $771,629.10. This trade represents a 28.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Down 0.1%

Shares of NYSE:WM opened at $233.33 on Monday. The company has a fifty day moving average of $217.85 and a 200-day moving average of $225.13. The company has a market capitalization of $92.78 billion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 3.03 and a beta of 0.38. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.78 and a current ratio of 0.82. 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, October 27th. The business services provider reported $2.15 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($0.03). Waste Management had a net margin of 11.78% and a return on equity of 31.97%. The firm had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same period last year, the business earned $1.98 EPS. The company's revenue was up 6.3% compared to the same quarter last year. On average, equities analysts predict that Waste Management, Inc. will post 8.06 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a $0.9450 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management's dividend payout ratio is currently 49.61%.

About Waste Management

Waste Management, Inc, doing business as WM NYSE: WM, is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM's services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.

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