Waste Management, Inc. $WM Stock Position Raised by Retirement Systems of Alabama

Posted by Brenda Bartman on Nov 10th, 2026

Retirement Systems of Alabama increased its stake in Waste Management, Inc. (NYSE:WM – Free Report) by 39.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 322,424 shares of the business services provider’s stock after buying an additional 91,172 shares during the period. Retirement Systems of Alabama’s holdings in Waste Management were worth $65,749,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Main Street Group LTD bought a new position in shares of Waste Management during the 1st quarter valued at $31,000. Balance Wealth Partners LLC purchased a new position in shares of Waste Management in the 3rd quarter worth $31,000. Cape Investment Advisory Inc. bought a new stake in shares of Waste Management in the second quarter worth $36,000. Markowski Investments purchased a new stake in Waste Management during the second quarter valued at $38,000. Finally, Bayforest Capital Ltd purchased a new stake in Waste Management during the second quarter valued at $41,000. Institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings raised Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. Scotiabank cut their price target on Waste Management from $260.00 to $245.00 in a research note on Wednesday, October 14th. Citigroup reduced their price target on shares of Waste Management from $269.00 to $259.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. TD Cowen reiterated a “buy” rating on shares of Waste Management in a research note on Thursday, October 29th. Finally, Raymond James Financial set a $251.00 price objective on shares of Waste Management in a report on Thursday, October 29th. Eighteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $257.04.

Check Out Our Latest Report on Waste Management

Waste Management Price Performance

NYSE WM opened at $236.70 on Tuesday. The business’s fifty day moving average is $219.73 and its 200 day moving average is $225.64. Waste Management, Inc. has a fifty-two week low of $197.47 and a fifty-two week high of $248.13. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.78 and a current ratio of 0.82. The company has a market capitalization of $94.12 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 3.10 and a beta of 0.38.

Waste Management (NYSE:WM – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The business services provider reported $2.15 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.03). Waste Management had a return on equity of 31.97% and a net margin of 11.78%. The company had revenue of $6.85 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the previous year, the company earned $1.98 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Sell-side analysts predict that Waste Management, Inc. will post 8.05 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a dividend of $0.9450 per share. The ex-dividend date was Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s payout ratio is 49.61%.

Insider Buying and Selling

In related news, SVP Johnson Varkey sold 500 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $242.00, for a total value of $121,000.00. Following the completion of the sale, the senior vice president directly owned 8,713 shares of the company’s stock, valued at approximately $2,108,546. This represents a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO John Carroll sold 1,365 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $219.90, for a total transaction of $300,163.50. Following the sale, the chief accounting officer owned 3,509 shares in the company, valued at approximately $771,629.10. The trade was a 28.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.18% of the company’s stock.

About Waste Management

(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.