Truist Financial Corp Acquires 79,289 Shares of Waste Management, Inc. $WM

Truist Financial Corp grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 29.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 347,322 shares of the business services provider’s stock after buying an additional 79,289 shares during the period. Truist Financial Corp owned 0.09% of Waste Management worth $76,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Loomis Sayles & Co. L P purchased a new stake in Waste Management in the 2nd quarter worth $40,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Waste Management in the third quarter worth about $41,000. Wealth Watch Advisors INC bought a new position in Waste Management during the second quarter valued at approximately $43,000. Halbert Hargrove Global Advisors LLC grew its holdings in Waste Management by 47.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 244 shares of the business services provider’s stock valued at $54,000 after buying an additional 78 shares in the last quarter. Finally, Gladwyn Financial Advisors Inc. bought a new stake in Waste Management in the 2nd quarter worth approximately $58,000. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

WM has been the subject of a number of research reports. The Goldman Sachs Group assumed coverage on Waste Management in a research report on Monday, November 24th. They set a “buy” rating and a $256.00 target price for the company. Truist Financial set a $260.00 price objective on shares of Waste Management in a research note on Wednesday, October 29th. Wells Fargo & Company boosted their target price on shares of Waste Management from $238.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Morgan Stanley lowered their price target on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada reduced their price objective on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $251.19.

Trending Headlines about Waste Management

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

• Positive Sentiment: Solid operating and cash‑flow trends: revenue rose ~7% YoY and WM posted double‑digit increases in gross and operating profit and higher cash from operations, supporting the long‑term growth story. Read More.
• Positive Sentiment: Analyst appetite and upside to consensus: multiple recent buy/overweight ratings and a median price target around $255 suggest buy‑side support into any post‑earnings weakness. Read More.
• Positive Sentiment: Shareholder actions and insider activity bolster confidence: recent dividend and buyback increases have helped sentiment, and there was at least one insider purchase noted. Read More.
• Neutral Sentiment: FY‑2026 revenue guidance roughly in line with expectations: company set revenue guidance at about $26.4–$26.6B but did not provide a clear EPS target in the release, leaving some forecasting work for analysts. Read More.
• Neutral Sentiment: Weather disruption is a short‑term operational headwind but also a stress test of network resilience — may affect near‑term volumes and collections timing rather than long‑term demand. Read More.
• Negative Sentiment: Earnings and revenue missed consensus: Q4 EPS of $1.93 missed the Zacks/consensus of ~$1.95 and revenue of ~$6.31B fell short of estimates, which pressured the shares after the print. Read More.
• Negative Sentiment: Some balance‑sheet / cash items drew attention: reported cash & equivalents declined materially year‑over‑year and different data feeds showed varying EPS comparisons, adding uncertainty to near‑term sentiment and prompting some selling. Read More.

Insider Activity

In other news, SVP Rafael Carrasco sold 1,380 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the transaction, the senior vice president directly owned 15,540 shares in the company, valued at approximately $3,373,112.40. This represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

Waste Management stock opened at $231.40 on Thursday. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.80. The firm has a market capitalization of $93.22 billion, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 2.59 and a beta of 0.59. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $242.58. The company’s 50-day moving average is $219.02 and its 200 day moving average is $219.29.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same period in the prior year, the company posted $1.70 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, December 5th. Waste Management’s dividend payout ratio (DPR) is 51.97%.

Waste Management Profile

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.