Waste Management, Inc. $WM Stock: Rakuten Investment Management Inc. Increases Holdings

Posted by Brian Himes on Nov 5th, 2026

Rakuten Investment Management Inc. boosted its holdings in Waste Management, Inc. (NYSE:WM – Free Report) by 10.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,662 shares of the business services provider’s stock after acquiring an additional 6,309 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Waste Management were worth $14,219,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of WM. Third View Private Wealth LLC boosted its stake in shares of Waste Management by 0.9% during the third quarter. Third View Private Wealth LLC now owns 14,286 shares of the business services provider’s stock valued at $2,913,000 after acquiring an additional 131 shares during the last quarter. Provenance Wealth Advisors LLC lifted its stake in shares of Waste Management by 127,900.0% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 3,840 shares of the business services provider’s stock valued at $783,000 after purchasing an additional 3,837 shares in the last quarter. Associated Banc Corp acquired a new position in shares of Waste Management during the 3rd quarter valued at $12,059,000. Putney Financial Group LLC grew its stake in shares of Waste Management by 4.8% in the third quarter. Putney Financial Group LLC now owns 1,354 shares of the business services provider’s stock valued at $276,000 after buying an additional 62 shares in the last quarter. Finally, Integrity Advisory Solutions LLC boosted its stake in shares of Waste Management by 33.3% in the third quarter. Integrity Advisory Solutions LLC now owns 3,476 shares of the business services provider’s stock valued at $709,000 after purchasing an additional 869 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WM. Barclays raised their price objective on Waste Management from $277.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. Morgan Stanley cut their target price on shares of Waste Management from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 13th. Weiss Ratings upgraded Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Wolfe Research initiated coverage on Waste Management in a research note on Tuesday, September 15th. They set a “peer perform” rating on the stock. Finally, TD Cowen reaffirmed a “buy” rating on shares of Waste Management in a report on Thursday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.89.

Check Out Our Latest Stock Analysis on WM

Insider Transactions at Waste Management

In other news, CAO John Carroll sold 1,365 shares of the 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 transaction, the chief accounting officer owned 3,509 shares in the company, valued at $771,629.10. This represents a 28.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

Waste Management Stock Performance

Shares of WM opened at $238.26 on Thursday. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.82 and a quick ratio of 0.78. The firm’s 50 day moving average is $218.61 and its 200-day moving average is $225.41. Waste Management, Inc. has a 12-month low of $197.47 and a 12-month high of $248.13. The stock has a market capitalization of $94.74 billion, a P/E ratio of 31.27, a P/E/G ratio of 3.05 and a beta of 0.38.

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

Waste Management Announces Dividend

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

Waste Management Company 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.