Waste Management, Inc. (NYSE:WM) Shares Acquired by Procyon Advisors LLC

06 Jun 2025, 11:56 by Jessica Moore · The Cerbat Gem

Procyon Advisors LLC grew its stake in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 3.3% in the 1st quarter, HoldingsChannel reports. The firm owned 34,442 shares of the business services provider’s stock after acquiring an additional 1,086 shares during the quarter. Procyon Advisors LLC’s holdings in Waste Management were worth $7,974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WM. Transce3nd LLC purchased a new stake in shares of Waste Management in the fourth quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in Waste Management in the 4th quarter valued at approximately $33,000. Hurley Capital LLC purchased a new stake in Waste Management in the 4th quarter worth approximately $34,000. Pineridge Advisors LLC acquired a new stake in shares of Waste Management during the 4th quarter valued at $35,000. Finally, Sierra Ocean LLC purchased a new position in shares of Waste Management during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on WM shares. CIBC lifted their price objective on Waste Management from $227.00 to $247.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Citigroup boosted their price target on Waste Management from $260.00 to $271.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Royal Bank of Canada raised their price objective on shares of Waste Management from $227.00 to $229.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 30th. Seaport Res Ptn raised shares of Waste Management to a “hold” rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a report on Tuesday, April 29th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $247.06.

Get Our Latest Stock Report on Waste Management

Waste Management Stock Performance

Shares of WM opened at $238.37 on Friday. The company has a market capitalization of $95.92 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. Waste Management, Inc. has a one year low of $196.59 and a one year high of $242.58. The company’s fifty day moving average price is $231.26 and its 200 day moving average price is $223.32.

Waste Management (NYSE:WM – Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.08. Waste Management had a return on equity of 37.93% and a net margin of 12.45%. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same period last year, the business posted $1.75 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. As a group, analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, June 6th. Waste Management’s dividend payout ratio is currently 49.77%.

Insider Transactions at Waste Management

In other news, SVP Rafael Carrasco sold 674 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $236.81, for a total transaction of $159,609.94. Following the completion of the transaction, the senior vice president now owns 16,542 shares of the company’s stock, valued at approximately $3,917,311.02. This represents a 3.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the completion of the sale, the chief financial officer now owns 83,934 shares of the company’s stock, valued at approximately $19,922,574.24. The trade was a 40.82% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

About Waste Management

(Free Report)

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.