NewEdge Advisors LLC Purchases 9,259 Shares of Waste Management, Inc. $WM

Posted by Geri Gentry on Aug 8th, 2026

NewEdge Advisors LLC lifted its holdings in Waste Management, Inc. (NYSE:WM – Free Report) by 11.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,509 shares of the business services provider’s stock after acquiring an additional 9,259 shares during the quarter. NewEdge Advisors LLC’s holdings in Waste Management were worth $21,488,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Broadway Wealth Solutions Inc. grew its stake in Waste Management by 2.8% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock worth $349,000 after purchasing an additional 44 shares in the last quarter. Bey Douglas LLC boosted its stake in shares of Waste Management by 3.7% in the 4th quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock valued at $271,000 after buying an additional 44 shares during the period. San Luis Wealth Advisors LLC grew its position in shares of Waste Management by 2.4% during the fourth quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock worth $422,000 after buying an additional 45 shares in the last quarter. Birch Hill Investment Advisors LLC increased its stake in shares of Waste Management by 0.7% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock worth $1,341,000 after buying an additional 45 shares during the period. Finally, Cassaday & Co Wealth Management LLC raised its holdings in Waste Management by 1.9% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock valued at $527,000 after acquiring an additional 45 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Scotiabank boosted their price target on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Stifel Nicolaus lifted 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. Citigroup increased their target price on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. JPMorgan Chase & Co. raised their price target on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Finally, 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. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.89.

Read Our Latest Stock Report on WM

Waste Management Stock Down 0.6%

Shares of NYSE:WM opened at $227.74 on Friday. The firm has a 50 day simple moving average of $226.69 and a 200-day simple moving average of $227.87. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $91.03 billion, a PE ratio of 32.26, a P/E/G ratio of 2.81 and a beta of 0.44.

Waste Management (NYSE:WM – Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the firm posted $1.92 EPS. The company’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts predict that Waste Management, Inc. will post 8.14 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s payout ratio is presently 53.54%.

Waste Management Profile

(Free Report)

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.