CIBC Asset Management Inc Sells 10,135 Shares of Waste Management, Inc. $WM

CIBC Asset Management Inc decreased its stake in Waste Management, Inc. (NYSE:WM) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,455 shares of the business services provider’s stock after selling 10,135 shares during the period. CIBC Asset Management Inc’s holdings in Waste Management were worth $24,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Waste Management by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 37,662,207 shares of the business services provider’s stock worth $8,617,866,000 after purchasing an additional 292,868 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Waste Management by 1.5% during the second quarter. Geode Capital Management LLC now owns 8,647,146 shares of the business services provider’s stock worth $1,972,856,000 after buying an additional 126,329 shares during the period. Ameriprise Financial Inc. raised its stake in Waste Management by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 5,390,971 shares of the business services provider’s stock worth $1,232,131,000 after buying an additional 74,528 shares during the last quarter. Norges Bank bought a new position in Waste Management during the second quarter worth $1,064,206,000. Finally, Amundi lifted its holdings in Waste Management by 8.6% in the second quarter. Amundi now owns 3,596,281 shares of the business services provider’s stock valued at $804,809,000 after buying an additional 284,733 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on Waste Management in a research report on Monday, November 24th. They issued a “buy” rating and a $256.00 price objective for the company. Scotiabank reaffirmed a “sector perform” rating and set a $250.00 target price (down previously from $254.00) on shares of Waste Management in a research note on Wednesday, January 21st. UBS Group raised Waste Management from a “neutral” rating to a “buy” rating and boosted their price target for the company from $225.00 to $260.00 in a research note on Friday, January 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Waste Management in a report on Monday, December 29th. Finally, DZ Bank assumed coverage on shares of Waste Management in a research note on Tuesday, November 25th. They issued a “buy” rating and a $250.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $251.19.

Insider Activity at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of the business’s stock in a transaction dated 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 directly owned 15,540 shares of the company’s stock, valued at $3,373,112.40. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

Waste Management News Roundup

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 Trading Up 0.1%

NYSE WM opened at $229.22 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58. The business has a 50 day moving average price of $217.86 and a 200-day moving average price of $219.13. The company has a market cap of $92.35 billion, a price-to-earnings ratio of 36.10, a P/E/G ratio of 2.57 and a beta of 0.59.

Waste Management (NYSE:WM) last issued its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (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 return on equity of 33.00% and a net margin of 10.35%.Waste Management’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 earnings per share. As a group, equities analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

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

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.