Waste Management, Inc. $WM Shares Sold by Royal Fund Management LLC

Royal Fund Management LLC trimmed its stake in Waste Management, Inc. (NYSE:WM) by 48.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,358 shares of the business services provider’s stock after selling 25,450 shares during the period. Royal Fund Management LLC’s holdings in Waste Management were worth $6,303,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WM. Kentucky Retirement Systems lifted its stake in Waste Management by 55.1% in the first quarter. Kentucky Retirement Systems now owns 36,025 shares of the business services provider’s stock valued at $8,278,000 after buying an additional 12,798 shares during the last quarter. Chesapeake Wealth Management grew its position in Waste Management by 28.5% during the 1st quarter. Chesapeake Wealth Management now owns 1,644 shares of the business services provider’s stock worth $378,000 after purchasing an additional 365 shares during the last quarter. Centaurus Financial Inc. increased its stake in Waste Management by 52.7% in the first quarter. Centaurus Financial Inc. now owns 1,147 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 396 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Waste Management in the first quarter valued at about $696,000. Finally, Opal Capital LLC acquired a new stake in shares of Waste Management during the first quarter worth about $594,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

More Waste Management News

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

• Positive Sentiment: WM reported second-quarter adjusted earnings of $2.02 per share, above the roughly $1.98-$1.99 consensus and up from $1.92 a year earlier. Pricing actions and efficiency improvements supported profitability and margins. WM Earnings Beat on Pricing in Q2, Revenues Miss Estimates
• Positive Sentiment: Revenue increased 4% year over year to $6.684 billion, while adjusted operating results and operating EBITDA also improved from the prior-year period. The earnings call highlighted pricing as an important driver of performance. WM Announces Second Quarter 2026 Earnings
• Neutral Sentiment: Management’s second-quarter results were broadly resilient, but investors are focused on whether pricing and cost controls can continue to offset weaker volumes. The full earnings call provides additional context on demand, margins and the company’s outlook. Waste Management Q2 2026 Earnings Call Transcript
• Negative Sentiment: Quarterly revenue of $6.684 billion was slightly below the approximately $6.71 billion analyst estimate, with softer collection volumes offsetting pricing gains. That raises concerns about underlying volume growth. Waste Management Posts Q2 Sales in Line With Estimates
• Negative Sentiment: WM forecast fiscal 2026 revenue of approximately $26.3 billion to $26.5 billion, implying a midpoint modestly below the $26.5 billion consensus. The cautious outlook likely limited the benefit of the earnings beat. Waste Management Posts Q2 Sales in Line With Estimates
• Negative Sentiment: Erste Group marginally reduced its fiscal 2026 EPS estimate to $8.15 from $8.16, signaling limited near-term expectations for earnings upside. Waste Management Analyst Estimate Update

Wall Street Analyst Weigh In

WM has been the topic of several recent research reports. Citigroup boosted their price target on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Canadian Imperial Bank of Commerce upgraded Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price on the stock in a research note on Tuesday, July 7th. Oppenheimer dropped their target price on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Scotiabank increased their price target on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Finally, TD Cowen boosted their price objective on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.22.

Waste Management Price Performance

Waste Management stock opened at $237.12 on Thursday. The company has a market cap of $95.22 billion, a P/E ratio of 33.59, a price-to-earnings-growth ratio of 2.91 and a beta of 0.44. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The business has a fifty day moving average of $225.18 and a two-hundred day moving average of $227.56. 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 (NYSE:WM) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.74%. The business had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the company posted $1.92 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, analysts predict that Waste Management, Inc. will post 8.16 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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