2,873 Waste Management, Inc. $WM Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Posted by Stanley Muller on Oct 21st, 2026

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 3.0% in the third quarter, HoldingsChannel.com reports. The firm owned 97,327 shares of the business services provider’s stock after buying an additional 2,873 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Waste Management were worth $19,847,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WM. Main Street Group LTD bought a new position in shares of Waste Management in the first quarter valued at $31,000. Cape Investment Advisory Inc. acquired a new position in shares of Waste Management during the second quarter valued at about $36,000. Markowski Investments bought a new stake in shares of Waste Management during the second quarter worth about $38,000. Bogart Wealth LLC increased its position in shares of Waste Management by 93.5% during the first quarter. Bogart Wealth LLC now owns 180 shares of the business services provider’s stock worth $41,000 after acquiring an additional 87 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in shares of Waste Management in the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Transactions at Waste Management

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

Waste Management News Roundup

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

Positive Sentiment: Market participation supported the move: Waste Management closed at $231.73, up 2.35% from the prior close, outperforming the broader market during the latest session. The advance appears driven more by overall market strength than by a major company-specific announcement. Waste Management Beats Stock Market Upswing
Positive Sentiment: Defensive, essential-service appeal remains intact: Waste collection and disposal demand is relatively recurring, and analysts continue to identify waste management as an industry with long-term demand drivers extending into 2027. That defensive profile may attract investors seeking stability outside high-growth technology stocks. Long-Term Demand Drivers for 2027
Neutral Sentiment: Investors are weighing the upcoming earnings report: Waste Management is expected to report earnings next week, with Wall Street anticipating year-over-year earnings growth. However, the company reportedly lacks the usual indicators that would suggest a likely earnings beat, making the release a potentially important near-term catalyst. Waste Management Reports Next Week
Negative Sentiment: Recent performance has lagged the market: WM has traded near $225 since April and has not kept pace with the S&P 500’s gains over that period. The lack of sustained momentum could limit enthusiasm unless earnings, guidance, or valuation provide a fresh reason to buy. Buy, Sell, or Hold Post Q2 Earnings
Negative Sentiment: Earnings-beat risk could create volatility: If Waste Management fails to exceed expectations or offers cautious guidance, the stock’s relatively elevated valuation could pressure shares after the report. Wall Street Expects Earnings Growth

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WM. Scotiabank raised their price target on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. cut their price target on Waste Management from $270.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. Royal Bank Of Canada boosted their price objective on Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Wolfe Research began coverage on Waste Management in a research note on Tuesday, September 15th. They issued a “peer perform” rating for the company. Finally, Oppenheimer dropped their target price on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and a consensus target price of $256.06.

Check Out Our Latest Stock Analysis on Waste Management

Waste Management Price Performance

WM opened at $232.00 on Wednesday. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market capitalization of $92.73 billion, a price-to-earnings ratio of 32.86, a P/E/G ratio of 2.88 and a beta of 0.42. The firm’s fifty day moving average price is $216.23 and its two-hundred day moving average price is $222.23.

Waste Management (NYSE:WM – Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.04. The firm had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.92 EPS. As a group, analysts anticipate that Waste Management, Inc. will post 8.12 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a dividend of $0.9450 per share. The ex-dividend date was Friday, September 11th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s payout ratio is 53.54%.

Waste Management Profile

(Free Report)

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.