Decker Wealth Management LLC Takes $6.50 Million Position in Waste Management, Inc. $WM

Decker Wealth Management LLC acquired a new stake in Waste Management, Inc. (NYSE:WM) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 28,304 shares of the business services provider’s stock, valued at approximately $6,504,000. Waste Management makes up approximately 1.5% of Decker Wealth Management LLC’s holdings, making the stock its 29th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after acquiring an additional 2,320 shares in the last quarter. Sprott Inc. bought a new position in shares of Waste Management during the 1st quarter valued at about $325,000. Sei Investments Co. grew its position in shares of Waste Management by 8.0% in the 2nd quarter. Sei Investments Co. now owns 272,438 shares of the business services provider’s stock valued at $62,339,000 after purchasing an additional 20,122 shares during the period. The Manufacturers Life Insurance Company increased its stake in Waste Management by 68.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider’s stock worth $83,843,000 after purchasing an additional 148,590 shares in the last quarter. Finally, Glenview Trust co increased its stake in Waste Management by 5.1% during the 2nd 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 currently owned by institutional investors.

Analyst Ratings Changes

WM has been the topic of a number of research reports. Scotiabank lifted their price target on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday. Weiss Ratings downgraded shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Robert W. Baird boosted their price objective on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Royal Bank Of Canada upped 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 note on Thursday, April 30th. Finally, Citigroup increased their target price on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $256.70.

Waste Management News Roundup

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 Up 0.1%

Shares of NYSE:WM opened at $239.50 on Monday. The company’s 50-day moving average price is $222.20 and its two-hundred day moving average price is $226.53. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market capitalization of $96.18 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 2.91 and a beta of 0.44.

Waste Management (NYSE:WM) last released 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 return on equity of 31.90% and a net margin of 10.99%.The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. Waste Management’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts forecast that Waste Management, Inc. will post 8.16 EPS for the current fiscal year.

Waste Management Announces Dividend

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