Waste Management, Inc. $WM Shares Acquired by Cidel Asset Management Inc.

Posted by Francis Steltz on Sep 9th, 2026

Cidel Asset Management Inc. lifted its holdings in Waste Management, Inc. (NYSE:WM – Free Report) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,689 shares of the business services provider’s stock after acquiring an additional 4,398 shares during the quarter. Cidel Asset Management Inc.’s holdings in Waste Management were worth $16,647,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. RHL Group LLC acquired a new stake in Waste Management during the 4th quarter worth about $29,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after buying an additional 47 shares during the period. Mcguire Capital Advisors Inc. purchased a new stake in shares of Waste Management in the fourth quarter worth about $29,000. JPL Wealth Management LLC acquired a new stake in Waste Management during the third quarter worth about $30,000. Finally, Main Street Group LTD purchased a new position in Waste Management during the first quarter valued at approximately $31,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Waste Management news, CAO John Carroll sold 1,365 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $219.90, for a total transaction of $300,163.50. Following the completion of the transaction, the chief accounting officer directly owned 3,509 shares in the company, valued at approximately $771,629.10. This represents a 28.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

Shares of WM stock opened at $217.76 on Wednesday. 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, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The business’s 50 day moving average is $228.29 and its two-hundred day moving average is $226.90. The company has a market capitalization of $87.04 billion, a P/E ratio of 30.84, a P/E/G ratio of 2.76 and a beta of 0.42.

Waste Management (NYSE:WM – Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 earnings per share. Analysts expect that Waste Management, Inc. will post 8.13 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 11th. Waste Management’s payout ratio is presently 53.54%.

Wall Street Analyst Weigh In

Several research firms have commented on WM. UBS Group upped their price objective on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Barclays lifted their target price on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Oppenheimer lowered their price target on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Stifel Nicolaus raised their price target on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Scotiabank lifted their price objective 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. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $258.89.

Check Out Our Latest Stock Analysis on Waste Management

Waste Management Profile

(Free Report)

WM, Inc, formerly known as Waste Management, Inc, is an environmental services company that provides waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, helping manage everyday refuse as well as certain specialized waste streams.

Its operations include curbside and commercial waste collection, transfer stations, recycling facilities, landfills and waste-related energy services. WM also develops renewable natural gas and electricity projects that capture landfill gas for use as an energy source.