Waste Management, Inc. $WM Shares Sold by RBA Wealth Management LLC

RBA Wealth Management LLC lowered its stake in shares of Waste Management, Inc. (NYSE:WM) by 9.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,816 shares of the business services provider’s stock after selling 2,953 shares during the period. Waste Management comprises 2.4% of RBA Wealth Management LLC’s portfolio, making the stock its 12th largest holding. RBA Wealth Management LLC’s holdings in Waste Management were worth $6,423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in WM. Naples Global Advisors LLC lifted its position in shares of Waste Management by 8.5% during the 2nd quarter. Naples Global Advisors LLC now owns 21,765 shares of the business services provider’s stock valued at $4,851,000 after acquiring an additional 1,711 shares during the period. Mine & Arao Wealth Creation & Management LLC. grew its holdings in shares of Waste Management by 8.4% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 5,723 shares of the business services provider’s stock worth $1,276,000 after acquiring an additional 442 shares during the period. Forum Financial Management LP increased its stake in Waste Management by 9.0% in the 2nd quarter. Forum Financial Management LP now owns 1,239 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 102 shares in the last quarter. Evergreen Private Wealth LLC raised its holdings in Waste Management by 2.7% during the second quarter. Evergreen Private Wealth LLC now owns 26,279 shares of the business services provider’s stock worth $5,857,000 after purchasing an additional 699 shares during the last quarter. Finally, Cape Investment Advisory Inc. purchased a new stake in Waste Management during the second quarter worth $36,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management News Roundup

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

• Positive Sentiment: Higher margins, pricing gains and stronger cash flow could help WM sustain earnings momentum even as operating conditions soften. Technology-driven efficiencies, including benefits from the Stericycle integration, and the company’s consistent dividend also support the long-term investment case. Is WM Stock Worth Buying as Margins Rise but Valuation Stays Rich?
• Positive Sentiment: WM’s recent earnings performance exceeded analysts’ EPS expectations, while revenue continued to grow year over year. These results reinforce the potential for margin expansion and disciplined pricing to offset slower volume growth.
• Neutral Sentiment: WM has lagged the broader market rally, prompting some investors to view the stock as a potential opportunity for defensive, income-oriented portfolios. However, the investment case depends on continued execution rather than a clear near-term catalyst. Waste Management Fell Behind the Rally. Is It an Opportunity?
• Negative Sentiment: WM lowered its 2026 revenue outlook because of softer volumes. Investors are watching whether margin improvements, pricing and cash flow can fully offset weaker demand. WM’s 2026 Outlook Tests Whether Margin Gains Can Offset Softer Volumes
• Negative Sentiment: A premium earnings multiple, substantial debt and weak liquidity metrics increase downside risk if growth or integration benefits disappoint. With shares trading near their moving averages and valuation still rich, investors may demand continued earnings execution. Is WM Stock Worth Buying as Margins Rise but Valuation Stays Rich?

Analyst Ratings Changes

WM has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce cut Waste Management from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Stifel Nicolaus boosted their price objective on shares of Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Scotiabank raised their target price on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, July 16th. Wells Fargo & Company cut their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Citigroup upped their price target on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Trading Up 0.2%

Shares of WM stock opened at $224.73 on Friday. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a market capitalization of $89.83 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.76 and a beta of 0.44. The firm has a 50-day moving average price of $227.62 and a 200 day moving average price of $227.88. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 earnings per share. Research analysts forecast that Waste Management, Inc. will post 8.14 earnings per share for the current fiscal year.

About Waste Management

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.