Resona Asset Management Co. Ltd. Has $36.40 Million Stock Holdings in Waste Management, Inc. $WM

Resona Asset Management Co. Ltd. grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 158,371 shares of the business services provider’s stock after acquiring an additional 3,521 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Waste Management were worth $36,396,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. First Interstate Bank acquired a new position in Waste Management in the first quarter valued at about $325,000. Seelaus Asset Management LLC acquired a new stake in Waste Management during the first quarter worth about $276,000. IAG Wealth Partners LLC grew its stake in Waste Management by 22.9% during the first quarter. IAG Wealth Partners LLC now owns 520 shares of the business services provider’s stock worth $119,000 after buying an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in Waste Management by 2.3% in the 1st quarter. Frank Rimerman Advisors LLC now owns 6,426 shares of the business services provider’s stock valued at $1,477,000 after buying an additional 144 shares during the period. Finally, Mine & Arao Wealth Creation & Management LLC. raised its position in shares of Waste Management by 5.0% in the 1st quarter. Mine & Arao Wealth Creation & Management LLC. now owns 5,281 shares of the business services provider’s stock valued at $1,214,000 after buying an additional 252 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Down 1.4%

Shares of Waste Management stock opened at $233.96 on Thursday. The firm’s 50 day moving average is $220.64 and its 200 day moving average is $225.77. The firm has a market capitalization of $93.95 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 2.48 and a beta of 0.44. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $1.67 earnings per share. Equities research analysts forecast that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a dividend of $0.945 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is 54.70%.

Analysts Set New Price Targets

WM has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. 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 upped their target price on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Canadian Imperial Bank of Commerce raised Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price on the stock in a report on Tuesday. Finally, Wolfe Research began coverage on Waste Management in a report on Friday, March 13th. They set a “peer perform” rating for the company. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $255.90.

Waste Management News Roundup

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

• Positive Sentiment: Canadian Imperial Bank of Commerce upgraded Waste Management from hold to outperformer and set a $244 price target, signaling confidence in the company’s growth and defensive business model. Waste Management (NYSE:WM) Upgraded by Canadian Imperial Bank of Commerce to “Outperformer” Rating
• Positive Sentiment: Oppenheimer trimmed its price target slightly to $263 from $264 but kept an outperform rating, implying meaningful upside and reinforcing a constructive analyst view on WM. Benzinga reference
• Neutral Sentiment: Recent coverage continues to frame WM as a stable, large-scale waste and recycling operator, with comparisons against peers highlighting its dominance and defensive characteristics. Clean Harbors vs. Waste Management: Which Industrials Stock Is a Better Buy in 2026?
• Neutral Sentiment: MarketWatch noted that WM has been holding up better than some competitors despite a down day for the stock, which suggests relative resilience rather than a company-specific setback. Waste Management Inc. stock outperforms competitors despite losses on the day
• Negative Sentiment: There were also articles about industry comparisons and a key earnings test ahead, which can keep some caution in the name if investors are waiting for fresh fundamentals to justify the recent run-up. Waste Management (NYSE:WM) Nears Key Earnings Test

Waste Management Company 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.