BLB&B Advisors LLC Has $12.43 Million Stock Holdings in Waste Management, Inc. $WM

BLB&B Advisors LLC lifted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 7.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 56,270 shares of the business services provider’s stock after acquiring an additional 4,027 shares during the period. BLB&B Advisors LLC’s holdings in Waste Management were worth $12,426,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Loomis Sayles & Co. L P acquired a new stake in Waste Management during the second quarter valued at approximately $40,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Waste Management during the 3rd quarter worth approximately $41,000. Wealth Watch Advisors INC bought a new stake in Waste Management in the second quarter valued at $43,000. Halbert Hargrove Global Advisors LLC raised its stake in Waste Management by 47.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 244 shares of the business services provider’s stock worth $54,000 after acquiring an additional 78 shares in the last quarter. Finally, Gladwyn Financial Advisors Inc. bought a new position in shares of Waste Management during the second quarter valued at $58,000. Institutional investors own 80.40% of the company’s stock.

More Waste Management News

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

• Positive Sentiment: Wells Fargo raised its price target to $246 and kept an “overweight” rating, signaling confidence in WM’s upside and providing immediate support for the stock. Wells Fargo raises price target
• Positive Sentiment: Zacks previews expect Q4 revenue up ~14.5% to $6.4B and EPS around $1.95, saying Collection and Healthcare segments are driving growth — a beat vs. cyclic worries would likely lift the shares. WM Gears Up to Post Q4 Earnings: Here’s What Investors Should Know
• Positive Sentiment: MarketBeat/other publications continue to profile WM as a defensive, dividend-backed infrastructure play (long runway from landfill/regulatory moats), which supports interest from income-focused investors. Waste Management company overview (MarketBeat)
• Neutral Sentiment: Zacks deeper analysis explores metric-level estimates (like volumes, pricing, fuel and benefit impacts) that will drive Q4 results — useful for parsing beats/misses beyond headline EPS. What Analyst Projections for Key Metrics Reveal About WM Q4 Earnings
• Neutral Sentiment: Recent market commentary (TipRanks, Zacks market wrap) highlights WM’s resilience and modest upside in technical studies — these pieces can attract momentum flows but are not fundamental catalysts. TipRanks sector piece
• Neutral Sentiment: Scotiabank reiterated a “Sector Perform” stance (keeps coverage steady) — a neutral signal that tempers extreme bullishness but doesn’t add fresh negative pressure. Scotiabank reiterates Sector Perform
• Negative Sentiment: Scotiabank/other outlets have also been reported as downgrading WM in recent headlines, which creates conflicting analyst signals and can pressure sentiment ahead of results. Scotiabank downgrades Waste Management (MSN)
• Negative Sentiment: Barclays/other reports issued pessimistic price forecasts — coupled with WM’s prior quarterly slight EPS/revenue miss, these bearish calls could weigh on shares if the Q4 print or guidance disappoints. Barclays issues pessimistic forecast

Waste Management Stock Performance

Shares of Waste Management stock opened at $229.22 on Friday. The firm has a 50 day simple moving average of $217.86 and a 200 day simple moving average of $219.18. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.80. The firm has a market cap of $92.35 billion, a P/E ratio of 36.10, a P/E/G ratio of 2.57 and a beta of 0.59.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 earnings per share. Sell-side analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a dividend of $0.825 per share. The ex-dividend date was Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a yield of 1.4%. Waste Management’s dividend payout ratio is presently 51.97%.

Analyst Ratings Changes

WM has been the subject of a number of recent analyst reports. Citigroup dropped their target price on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating for the company in a research report on Friday, January 16th. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. Morgan Stanley cut their target price on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Barclays reduced their target price on Waste Management from $266.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group began coverage on Waste Management in a report on Monday, November 24th. They set a “buy” rating and a $256.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $251.19.

Insider Activity

In other news, SVP Rafael Carrasco sold 1,380 shares of Waste Management stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the sale, the senior vice president owned 15,540 shares in the company, valued at $3,373,112.40. The trade was a 8.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company’s stock.

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.