Gateway Wealth Partners LLC Buys 5,341 Shares of Waste Management, Inc. $WM

Gateway Wealth Partners LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 191.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,135 shares of the business services provider’s stock after buying an additional 5,341 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Waste Management were worth $1,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Elevated Capital Advisors LLC purchased a new position in shares of Waste Management during the 4th quarter worth approximately $25,000. RHL Group LLC purchased a new stake in Waste Management in the fourth quarter worth $29,000. Financial Network Wealth Advisors LLC lifted its position in Waste Management by 55.3% during the fourth 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. bought a new stake in shares of Waste Management during the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC bought a new position in shares of Waste Management in the 3rd quarter worth about $30,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Key Waste Management News

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

• Positive Sentiment: WM reported adjusted earnings of $2.02 per share, above analysts’ estimates of approximately $1.98-$1.99 and up from $1.92 a year earlier. Waste Management Q2 Earnings Surpass Estimates
• Positive Sentiment: Revenue increased 4.0% year over year to $6.684 billion, while adjusted operating income rose to $1.290 billion and adjusted operating EBITDA increased to approximately $2.067 billion. These figures indicate continued operating growth and earnings leverage. WM Announces Second Quarter 2026 Earnings
• Positive Sentiment: The earnings beat was achieved despite revenue coming in modestly below consensus, suggesting margins and cost control helped support profitability. WM’s reported 31.90% return on equity also underscores its strong earnings generation, though leverage remains elevated.
• Positive Sentiment: Brokerages’ consensus price target is $256.74, above the stock’s recent trading level, providing a favorable analyst valuation signal. Waste Management Receives Consensus Target Price
• Negative Sentiment: WM’s updated 2026 revenue outlook of $26.3 billion-$26.5 billion has a midpoint slightly below the $26.5 billion consensus estimate. The absence of a clearly higher outlook could temper enthusiasm following the earnings beat.
• Neutral Sentiment: At a price-to-earnings ratio near 35, WM already carries a premium valuation. Investors will likely require sustained earnings growth and margin improvement to justify further gains.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WM. Oppenheimer cut their price objective 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. Robert W. Baird lifted their price objective on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Wells Fargo & Company cut their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings downgraded Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, Royal Bank Of Canada lifted their price target on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $256.74.

Waste Management Price Performance

Shares of NYSE WM opened at $239.54 on Wednesday. The company has a 50 day moving average of $224.83 and a 200 day moving average of $227.43. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The firm has a market cap of $96.20 billion, a P/E ratio of 34.67, a PEG ratio of 2.89 and a beta of 0.44.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 EPS. As a group, research analysts expect that Waste Management, Inc. will post 8.16 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.945 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. Waste Management’s payout ratio is 54.70%.

About Waste Management

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.