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California State Teachers Retirement System raised its holdings in Waste Management, Inc. (NYSE:WM – Free Report) by 26,113.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,870,338 shares of the business services provider’s stock after purchasing an additional 121,405,416 shares during the period. California State Teachers Retirement System owned about 30.49% of Waste Management worth $27,162,461,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bey Douglas LLC increased its stake in Waste Management by 3.7% during the 4th quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock worth $271,000 after buying an additional 44 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Waste Management by 10.2% in the first quarter. Physician Wealth Advisors Inc. now owns 485 shares of the business services provider’s stock worth $111,000 after acquiring an additional 45 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Waste Management by 0.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,348 shares of the business services provider’s stock worth $1,395,000 after acquiring an additional 46 shares during the last quarter. Cornerstone Advisory LLC increased its position in shares of Waste Management by 1.6% during the first quarter. Cornerstone Advisory LLC now owns 2,973 shares of the business services provider’s stock worth $683,000 after purchasing an additional 46 shares in the last quarter. Finally, Coordinated Financial Services Inc. raised its stake in Waste Management by 3.5% in the 4th quarter. Coordinated Financial Services Inc. now owns 1,386 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 47 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth Several equities research analysts have issued reports on WM shares. Weiss Ratings cut shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Oppenheimer reduced their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Stifel Nicolaus boosted their price target on shares of Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce cut shares of Waste Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Finally, Scotiabank increased their price objective on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.89.

Read Our Latest Research Report on WM Waste Management Stock Down 0.0% Shares of WM opened at $218.90 on Tuesday. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The stock has a fifty day simple moving average of $228.39 and a two-hundred day simple moving average of $227.01. The company has a market capitalization of $87.50 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42.

Waste Management (NYSE:WM – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the firm posted $1.92 earnings per share. Waste Management’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts forecast that Waste Management, Inc. will post 8.13 EPS for the current year.

Waste Management Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.945 per share. The ex-dividend date is Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is currently 53.54%.

(Free Report)

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.

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Waste Management (WM - Free Report) closed at $221.72 in the latest trading session, marking a +1.22% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.06%. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 1.4%.

Shares of the garbage and recycling hauler have depreciated by 2.35% over the course of the past month, underperforming the Business Services sector's gain of 1.35%, and the S&P 500's gain of 2.46%.

Analysts and investors alike will be keeping a close eye on the performance of Waste Management in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.18, marking a 10.1% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.79 billion, up 5.34% from the year-ago period.

WM's full-year Zacks Consensus Estimates are calling for earnings of $8.13 per share and revenue of $26.35 billion. These results would represent year-over-year changes of +8.4% and +4.54%, respectively.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Waste Management. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% lower. At present, Waste Management boasts a Zacks Rank of #3 (Hold).

In the context of valuation, Waste Management is at present trading with a Forward P/E ratio of 26.95. This signifies a premium in comparison to the average Forward P/E of 26.39 for its industry.

We can also see that WM currently has a PEG ratio of 2.76. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Waste Removal Services industry was having an average PEG ratio of 2.76.

The Waste Removal Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 30% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

WM's steady waste-service demand, pricing discipline and sustainability investments support growth, while high debt and tight liquidity limit flexibility.

HOUSTON--(BUSINESS WIRE)---- $WM--WM (NYSE: WM) announced that Jim Fish, Chief Executive Officer and a member of the Board of Directors, has advised the Board of his plan to retire from WM and resign from the Board, following more than a decade of distinguished service in those roles and more than 25 years with the company. In continuation of WM's robust succession planning process, the Board of Directors has appointed WM President John Morris to the position of President and Chief Executive Officer, e.

It has been about a month since the last earnings report for Waste Management (WM - Free Report) . Shares have lost about 6.5% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Waste Management due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Waste Management, Inc. before we dive into how investors and analysts have reacted as of late.

WM Beats Q2 Earnings EstimatesWM reported second-quarter 2026 adjusted earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.99 by 1.5%. Earnings increased 5.2% from the year-ago quarter’s $1.92.

Revenues rose 4% year over year to $6.68 billion but missed the consensus estimate of $6.71 billion by 0.4%. Disciplined pricing and operating efficiencies supported profitability, while Collection and Disposal volume declined 1.8%.

WM Benefits From Pricing & Cost DisciplineCore price increased 5.7% in the quarter, while Collection and Disposal yield improved 3.6%. Higher energy surcharges and increased volumes in the recycling and renewable energy businesses also supported revenue growth.

Collection and Disposal volume fell 1.8%, largely because wildfire cleanup work boosted the prior-year period. Excluding that activity, landfill volumes increased 1.7%, while Collection and Disposal volume declined 0.4%. The strategic exit from lower-margin residential contracts also weighed on volumes.

Waste Management Expands EBITDA MarginAdjusted operating EBITDA increased 5.5% year over year to $2.07 billion. Excluding wildfire cleanup contributions from the prior-year quarter, adjusted operating EBITDA growth was 9.1%.

The adjusted operating EBITDA margin expanded 40 basis points to 30.9%. The improvement came despite a 60-basis-point headwind from the comparison with wildfire cleanup work and a 40-basis-point drag from higher energy surcharges.

WM’s Collection Business Drives GrowthCollection and Disposal revenues increased 3.7% year over year to $5.48 billion. Commercial revenues rose to $1.49 billion from $1.40 billion, industrial revenues increased to $820 million from $790 million and residential revenues advanced to $911 million from $872 million.

The segment’s adjusted operating EBITDA increased $79 million to $2.12 billion. Favorable price-to-cost spread, lower frontline turnover and disciplined cost management helped offset the unfavorable comparison with wildfire cleanup contributions in the year-ago period.

Waste Management’s Sustainability Units GainRecycling Processing and Sales revenues increased to $403 million from $381 million. Renewable Energy revenues climbed to $157 million from $115 million, reflecting higher production following the completion of growth projects.

Combined adjusted operating EBITDA from the recycling and renewable energy businesses increased 32.5%, or $40 million. Higher recycling volumes, automation-related efficiencies and increased renewable natural gas production drove the improvement despite lower prices for recycled commodities, natural gas and renewable fuel credits.

WM Improves Healthcare ProfitabilityHealthcare Solutions revenues declined to $638 million from $646 million. However, the business generated adjusted operating EBITDA of $121 million, up from $110 million in the year-ago quarter.

The adjusted operating EBITDA margin expanded to 19% from 17%. Effective selling, general and administrative expense management and integration benefits from WM’s core Collection and Disposal operations supported the segment’s profitability.

Waste Management Keeps Expenses in CheckOperating expenses totaled $3.96 billion and represented 59.2% of revenues compared with 59.1% a year earlier. Cost controls and productivity initiatives largely offset higher fuel-related expenses.

Adjusted selling, general and administrative expenses declined to $662 million from $672 million. The adjusted SG&A expense ratio improved 60 basis points to 9.9%, reflecting cost discipline and continued synergy capture within Healthcare Solutions.

WM Generates Strong Cash FlowNet cash provided by operating activities increased nearly 12% to $1.73 billion. Free cash flow jumped 34.5% to $1.10 billion, driven by operating EBITDA growth and working capital improvements.

WM returned $1.04 billion to shareholders during the quarter. This included $659 million in share repurchases and $379 million in cash dividends. The company also completed three renewable natural gas facilities and a new recycling facility in Denver.

Waste Management Updates Revenue OutlookWM reduced its revenue outlook to $26.28-$26.48 billion from the preceding quarter’s view of $26.43-$26.63 billion, reflecting lower volume expectations partly offset by higher energy surcharges.

Management maintained its 2026 adjusted operating EBITDA outlook of $8.15-$8.25 billion and free cash flow projection of $3.75-$3.85 billion. The adjusted operating EBITDA margin forecast was raised by 20 basis points to 31-31.2% from the preceding quarter’s view of 30.8-31%.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.

VGM ScoresAt this time, Waste Management has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Following the exact same course, the stock has a score of C on the value side, putting it in the middle 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Waste Management has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

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HOUSTON--(BUSINESS WIRE)--WM (NYSE: WM) today announced the declaration of a quarterly cash dividend of $0.945 per share payable September 25, 2026, to stockholders of record on September 11, 2026.

ABOUT WM

WM (WM.com) is North America's leading provider of comprehensive environmental solutions. Previously known as Waste Management and based in Houston, Texas, WM is driven by commitments to put people first and achieve success with integrity. WM, through its subsidiaries, provides collection, recycling and disposal services to millions of residential, commercial, industrial, medical and municipal customers throughout the U.S. and Canada. With innovative infrastructure and capabilities in recycling, organics and renewable energy, WM provides environmental solutions to and collaborates with its customers in helping them pursue their sustainability goals. In North America, WM has the largest disposal network and collection fleet, is the largest recycler and is a leader in beneficial use of landfill gas, with a growing network of renewable natural gas plants and the most landfill gas-to-electricity plants, as well as the largest heavy-duty natural gas truck fleet in the industry. WM, through its subsidiaries, also provides collection and disposal services of regulated medical waste and secure information destruction services in the U.S., Canada and Western Europe. To learn more about WM and the company's sustainability progress and solutions, visit Sustainability.WM.com.

More News From WM

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Advisors Preferred LLC purchased a new position in shares of Waste Management, Inc. (NYSE:WM – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,988 shares of the business services provider’s stock, valued at approximately $919,000.

Several other institutional investors and hedge funds have also modified their holdings of WM. Norges Bank acquired a new position in Waste Management in the 4th quarter worth $1,022,916,000. Corient Private Wealth LLC boosted its position in shares of Waste Management by 279.0% during the fourth quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock worth $236,387,000 after buying an additional 792,037 shares during the period. Diamant Asset Management Inc. grew its holdings in shares of Waste Management by 23,051.5% during the first quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock worth $17,716,000 after buying an additional 767,615 shares in the last quarter. Balyasny Asset Management L.P. raised its position in Waste Management by 3,209.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock valued at $150,466,000 after buying an additional 660,776 shares during the last quarter. Finally, Danske Bank A S bought a new stake in Waste Management in the 2nd quarter valued at approximately $146,053,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes Several brokerages have recently weighed in on WM. Stifel Nicolaus raised their price target on shares of Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce downgraded shares of Waste Management from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Barclays lifted their price target on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Citigroup increased their price objective on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, UBS Group raised their price objective on Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Thirteen 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $258.89.

View Our Latest Stock Analysis on Waste Management Waste Management Trading Up 0.0% Shares of Waste Management stock opened at $225.17 on Friday. The business has a fifty day simple moving average of $227.96 and a two-hundred day simple moving average of $227.79. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The company has a market capitalization of $90.00 billion, a price-to-earnings ratio of 31.89, a P/E/G ratio of 2.77 and a beta of 0.44. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87.

Waste Management (NYSE:WM – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The company had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the firm earned $1.92 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Research analysts forecast that Waste Management, Inc. will post 8.13 EPS for the current year.

Waste Management Company Profile (Free Report)

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.

Recommended Stories Five stocks we like better than Waste Management 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM – Free Report).

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BlackRock Inc. grew its holdings in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 1.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,733,944 shares of the business services provider’s stock after buying an additional 535,079 shares during the period. BlackRock Inc. owned 7.69% of Waste Management worth $6,849,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Waste Management in the fourth quarter valued at approximately $1,022,916,000. Corient Private Wealth LLC raised its stake in Waste Management by 279.0% during the 4th quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock worth $236,387,000 after acquiring an additional 792,037 shares in the last quarter. Diamant Asset Management Inc. lifted its position in Waste Management by 23,051.5% in the first quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock valued at $17,716,000 after acquiring an additional 767,615 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Waste Management by 3,209.2% in the third quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock valued at $150,466,000 after acquiring an additional 660,776 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Waste Management by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock valued at $8,566,508,000 after acquiring an additional 553,605 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

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

Positive Sentiment: Waste Management has generated a 58.6% total stock gain over the past five years, reflecting the company’s defensive business profile and relatively consistent long-term performance. Its discounted-cash-flow valuation was described as approximately in line with the share price, which may support the view that the stock is not materially overvalued under cash-flow assumptions. Where Does Waste Management (WM) Value Sit After A 59% Gain? Neutral Sentiment: Recent “waste management stocks” coverage provides general sector context but does not identify a new development specific to Waste Management that would materially change its earnings outlook. Waste Management Stocks To Consider – August 15th Negative Sentiment: The valuation analysis flags a low value score and indicates that earnings-based multiples place WM at a premium. With the stock trading near its 50-day and 200-day averages and at a forward earnings valuation that is not inexpensive, concerns about limited upside or elevated valuation could weigh on investor enthusiasm. Waste Management Stock Performance NYSE WM opened at $225.05 on Thursday. The firm has a market cap of $89.95 billion, a P/E ratio of 31.88, a P/E/G ratio of 2.75 and a beta of 0.44. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The business’s 50-day moving average price is $227.84 and its 200 day moving average price is $227.77. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. Waste Management (NYSE:WM – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the prior year, the business earned $1.92 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that Waste Management, Inc. will post 8.14 earnings per share for the current year.

Analyst Ratings Changes A number of analysts have recently commented on WM shares. UBS Group lifted their target price on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Canadian Imperial Bank of Commerce cut Waste Management from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Citigroup lifted their price target on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Scotiabank boosted their price objective on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday, July 16th. Finally, Stifel Nicolaus increased their price objective on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $258.89.

Check Out Our Latest Research Report on WM

Waste Management Profile (Free Report)

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.

Featured Articles Five stocks we like better than Waste Management Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM – Free Report).

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Warren Buffett may have retired as CEO of Berkshire Hathaway (BRKA +0.07%) (BRKB -0.07%), but the legendary investor is still quite active. While serving as chairman of the Omaha-based holding company, Buffett continues to periodically give interviews to the financial media.

A prime example is back in May, when the Oracle of Omaha lamented the rise of "gambling culture" within the stock market, stating, "We've never had people in a more gambling mood than now." This isn't the first time Buffett has compared short-term speculation to gambling, but these remarks, along with others made in this interview, could provide insight into where markets are headed from here.

In the same interview, Buffett noted that, in such a gambling fever environment, "prices for an awful lot of things will look very silly." While not certain, the current "fast-money culture" could give way to a financial market correction.

With this in mind, it may be time to consider some safe, defensive stocks. Here are three that, while not part of the current Berkshire portfolio, could thrive if today's chancy, speculative market gives way to turbulence: Johnson & Johnson (JNJ +0.66%), PepsiCo (PEP +1.01%), and WM (WM +1.69%).

Image source: The Motley Fool.

1. Berkshire used to own defensive healthcare stock Johnson & Johnson Johnson & Johnson was once a Warren Buffett stock. Berkshire began building a position in the diversified healthcare company back in 2006, holding it for many years, before divesting it in recent years, culminating in a full exit from its position in 2023.

With the stock rising nearly 75% since then, you may think it is overvalued at around $250 per share today, assuming Buffett's $150-per-share sale was based on valuation. However, given success thus far with the company's pivot toward oncology, a faster-growing segment of healthcare, its big run-up appears logical.

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272.91

Although pricier now than it was in 2023, if J&J's oncology catalyst continues to play out, the resulting earnings growth could help sustain or add to its valuation of around 22 times forward earnings. At the same time, J&J remains one of the highest-quality blue chip dividend stocks. One of the Dividend Kings, or companies that have raised their dividend payouts for at least 50 years, the company has raised its dividend every year for the past 65 years.

The stock currently has a 2% forward yield. Alongside a strong dividend growth track record, Johnson & Johnson also sports a AAA credit rating from S&P Global.

2. PepsiCo rivals a longtime Buffett holding Coca-Cola, a stock held by Berkshire Hathaway since the 1980s, may be the best known among the Warren Buffett investments. However, PepsiCo's shares have many of the qualities long seen in Coca-Cola's shares.

For instance, PepsiCo has a strong track record of dividend growth. A Dividend King, just like Coca-Cola, the company has raised its dividend yearly for the past 55 years. The consumer staples stock is also a prime example of the types of defensive names that perform strongly during market downturns.

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At the same time, PepsiCo may also beat Coca-Cola on fundamental-based investing metrics. The stock trades for only 16.5 times forward earnings, while Coca-Cola trades for over 26.5.

PepsiCo also has a higher forward dividend yield of 4.2%, more than double Coke's 2.4%. Yes, PepsiCo recently hit new 52-week lows as turnaround efforts struggle to counter macro headwinds in the near term. Even so, as those efforts stall, activist investor Elliott Management could further pressure the company to implement sweeping changes, such as selling off underperforming assets.

3. WM's "boring" business is a compelling buy-and-hold WM, formerly known as Waste Management, may be one of the few companies whose corporate name fully describes what it does. On the surface, it may sound like a dull business, but there are advantages to making this "boring stock" a core holding in both bullish and bearish markets. No matter the macroeconomic backdrop, someone has to take out the trash.

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The company has further leveraged the stability of the waste management business by aggressively acquiring other waste management companies. Long-term success with this "rollup" strategy has led to consistent earnings growth.

That said, valuation and yield are two trade-offs with this stock. Shares change hands for around 27 times forward earnings. WM's 1.6% forward yield is also much lower than many of the other blue chip dividend stocks listed previously.

Still, WM has built up a nearly two-decade dividend growth streak. Long-term analyst forecasts call for earnings growth to remain in the upper-single-digit/lower-double-digit range for years to come. This may help sustain WM's premium valuation, with the stock potentially rising in line with earnings growth.

Posted by Defense World Staff on Aug 16th, 2026

Benjamin Edwards Inc. raised its stake in Waste Management, Inc. (NYSE:WM – Free Report) by 26.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,682 shares of the business services provider’s stock after buying an additional 20,675 shares during the period. Benjamin Edwards Inc.’s holdings in Waste Management were worth $21,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Boston Common Asset Management LLC raised its holdings in Waste Management by 12.9% in the second quarter. Boston Common Asset Management LLC now owns 55,895 shares of the business services provider’s stock worth $12,458,000 after purchasing an additional 6,391 shares in the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Waste Management during the fourth quarter valued at about $10,206,000. Principal Financial Group Inc. boosted its holdings in shares of Waste Management by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 460,317 shares of the business services provider’s stock valued at $105,776,000 after buying an additional 14,003 shares in the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Waste Management by 18.5% in the 4th quarter. KLP Kapitalforvaltning AS now owns 236,153 shares of the business services provider’s stock worth $51,885,000 after buying an additional 36,900 shares during the last quarter. Finally, Directional Asset Management bought a new position in shares of Waste Management during the 4th quarter worth approximately $1,361,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

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

Positive Sentiment: Higher margins, pricing gains and stronger cash flow could help WM sustain earnings momentum even as operating conditions soften. Technology-driven efficiencies, including benefits from the Stericycle integration, and the company’s consistent dividend also support the long-term investment case. Is WM Stock Worth Buying as Margins Rise but Valuation Stays Rich? Positive Sentiment: WM’s recent earnings performance exceeded analysts’ EPS expectations, while revenue continued to grow year over year. These results reinforce the potential for margin expansion and disciplined pricing to offset slower volume growth. Neutral Sentiment: WM has lagged the broader market rally, prompting some investors to view the stock as a potential opportunity for defensive, income-oriented portfolios. However, the investment case depends on continued execution rather than a clear near-term catalyst. Waste Management Fell Behind the Rally. Is It an Opportunity? Negative Sentiment: WM lowered its 2026 revenue outlook because of softer volumes. Investors are watching whether margin improvements, pricing and cash flow can fully offset weaker demand. WM’s 2026 Outlook Tests Whether Margin Gains Can Offset Softer Volumes Negative Sentiment: A premium earnings multiple, substantial debt and weak liquidity metrics increase downside risk if growth or integration benefits disappoint. With shares trading near their moving averages and valuation still rich, investors may demand continued earnings execution. Is WM Stock Worth Buying as Margins Rise but Valuation Stays Rich? Waste Management Stock Up 0.2% NYSE:WM opened at $224.73 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a market cap of $89.83 billion, a PE ratio of 31.83, a P/E/G ratio of 2.76 and a beta of 0.44. The company’s 50 day moving average is $227.62 and its two-hundred day moving average is $227.88.

Waste Management (NYSE:WM – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the company posted $1.92 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts anticipate that Waste Management, Inc. will post 8.14 EPS for the current year.

Analysts Set New Price Targets A number of equities research analysts recently commented on the stock. Oppenheimer decreased their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. TD Cowen upped their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wells Fargo & Company decreased their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Scotiabank raised their price objective on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Finally, Canadian Imperial Bank of Commerce downgraded Waste Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $258.89.

Read Our Latest Analysis on Waste Management

Waste Management Company Profile (Free Report)

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.

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Key Takeaways WM's adjusted EBITDA rose 5.5% as pricing offset a 1.8% decline in Collection and Disposal volume.WM trades above its sub-industry EV/EBITDA multiple, raising the execution bar for future performance.WM generated $2.02 billion in first-half free cash flow, up more than 56% year over year.
Waste Management, Inc. (WM - Free Report) combines a defensive waste-services franchise with improving profitability and rising cash generation. Second-quarter execution held up despite softer Collection and Disposal volumes, helped by pricing and operating efficiencies.

The question is whether that quality justifies a premium valuation while debt and near-term liquidity remain constraints. Investors must weigh durable earnings growth against the price already reflected in the shares.

WM’s Pricing Power Keeps Profitability Moving HigherWM’s second-quarter core price increased 5.7%, while Collection and Disposal yield improved 3.6%. Those gains helped offset a 1.8% decline in Collection and Disposal volume, partly reflecting the prior-year wildfire cleanup comparison.

Adjusted operating EBITDA rose 5.5% year over year to $2.07 billion, and the adjusted margin expanded 40 basis points to 30.9%. Excluding the prior-year wildfire contribution, adjusted operating EBITDA growth was 9.1%.

Waste Management Has More Than One Growth EngineRecycling and renewable energy are adding growth beyond the core collection network. Combined adjusted operating EBITDA from those businesses increased 32.5% year over year as recycling volumes, automation efficiencies and renewable natural gas production improved.

Healthcare Solutions’ operating EBITDA margin reached 19%, up 200 basis points year over year. Cross-selling had generated $32 million of annual operating EBITDA, adding another source of integration benefits.

WM’s Valuation Leaves Less Room for DisappointmentWM trades at 14.3X trailing 12-month enterprise value to EBITDA, above the Zacks sub-industry’s 12.5X and its own five-year median of 15X. It also carries a 25.7X forward price-to-earnings multiple and a PEG ratio of 2.57.

                                                                 Image Source: Zacks Investment Research

                                                                 Image Source: Zacks Investment Research

The premium raises the execution bar. Republic Services, Inc. (RSG - Free Report) offers recycling, waste and environmental solutions. Clean Harbors, Inc. (CLH - Free Report) provides hazardous and non-hazardous material management and industrial services, giving investors another environmental-services comparison.

Waste Management Still Faces Balance Sheet PressureAt June 30, 2026, WM had $22.28 billion of long-term debt and $1.08 billion of current debt against $557 million of cash. Current assets of $5.40 billion trailed current liabilities of $5.95 billion, leaving a working-capital deficit and a current ratio of 0.91.

Leverage ended the quarter at 2.96 times, within management’s 2.5-3.0 times targeted range, with a decline expected in the second half. The absolute debt load still reduces flexibility if cash generation weakens or capital needs rise.

WM’s Cash Flow Helps Support the Bull CaseFree cash flow reached $2.02 billion in the first half of 2026, up more than 56% year over year. Operating cash flow increased more than 17% to $3.23 billion, supported by earnings growth and lower capital spending.

That cash generation supports investment and shareholder returns, but competing demands remain. WM repurchased $1 billion of shares and paid $764 million in dividends during the first half while also funding acquisitions and servicing debt.

WM’s Ratings Favor Patience Over Aggressive BuyingWM’s operating quality is evident, but its valuation and balance-sheet constraints argue for patience. Pricing, broader growth platforms and cash flow support the earnings case, while the premium multiple leaves less room for execution setbacks.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.

Its VGM Score of B, Growth Score of B and Momentum Score of B are constructive, while the Value Score of C is less supportive. The ratings favor a measured stance rather than an aggressive new entry.

E. Ohman J or Asset Management AB lessened its stake in Waste Management, Inc. (NYSE: WM) by 22.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,197 shares of the business services provider's stock after selling 3,000 shares

3 Low-Volatility Plays Quietly Making a Name For ThemselvesWaste Management NYSE: WM reported second-quarter operating EBITDA growth of 5.5%, or 9.1% excluding contributions from wildfire cleanup activity in the prior-year period, as pricing discipline, cost controls and technology investments supported profitability despite softer volume trends.

Chief Executive Officer Jim Fish said operating EBITDA margin expanded 40 basis points during the quarter, overcoming a 60-basis-point headwind from prior-year wildfire volumes and a 40-basis-point headwind tied to higher energy surcharges. Free cash flow increased 35% in the quarter, supported by earnings growth, lower capital expenditures and working-capital benefits.

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2 Stocks Built to Thrive If Inflation Refuses to FadeThe company narrowed its full-year revenue outlook to between $26.275 billion and $26.475 billion, a reduction of about 1.5%, reflecting softer-than-expected Collection and Disposal volumes, lower recycling brokerage activity and delays connecting certain renewable natural gas plants to pipelines. Management maintained its full-year operating EBITDA and free-cash-flow guidance and raised its margin outlook by 20 basis points.

Margins Expand as Collection Costs Remain Contained President John Morris said operating expenses remained below 60% of revenue for the sixth consecutive quarter, despite the combined effects of prior-year wildfires and increased fuel prices. Labor costs rose approximately 4%, but collection operating costs increased less than 1.7% from the second quarter of 2025, according to Morris.

3 Waste Stocks Turning AI Investments Into GrowthManagement attributed the cost performance to productivity initiatives, pricing actions, automation, process discipline and technology investments. Fish said WM’s Smart Truck platform, which uses technology including artificial intelligence, is generating more than $300 million in annual run-rate operating EBITDA through service upgrades, route optimization and lower operating costs.

Chief Financial Officer David Reed said Collection and Disposal improvements contributed 140 basis points of margin growth, while recycling, renewable energy and Healthcare Solutions together added 40 basis points. Those gains were partly offset by roughly 40 basis points from higher technology investments and the timing of risk-management costs in the company’s corporate and other segment.

SG&A expense improved by 60 basis points to 9.9% of revenue, returning below 10% for the first time since the company acquired its Healthcare Solutions business in 2024. Reed said WM expects full-year SG&A to be around 10% of revenue.

Volumes Softer, but Management Cites Industrial and Special-Waste Strength Collection and Disposal volumes declined 0.4% in the second quarter excluding the impact of prior-year wildfire activity. The company now expects volumes to be relatively flat in the second half and to decline by nearly 1% for the full year, or about 50 basis points excluding the 2025 wildfire-cleanup impact.

Morris said residential volume declines improved by 200 basis points sequentially to negative 2.9%, and the company expects those losses to continue moderating in coming quarters. Special-waste volumes rose 4.5% excluding wildfire activity, while industrial collection volumes showed modest growth.

Fish said the company did not see signs that broader economic weakness was driving the volume shortfall. He pointed to special-waste growth and industrial roll-off volumes that were slightly positive over the preceding four weeks. Instead, he said commercial volumes were affected primarily by lost national accounts, which management characterized as a more limited issue rather than evidence of broader competitive deterioration.

Higher energy surcharges are expected to generate about $175 million of additional 2026 revenue, Reed said, partially offsetting an estimated $250 million revenue reduction from lower Collection and Disposal volumes. The company also expects approximately $75 million less revenue from sustainability operations due to lower recycling brokerage volume and delayed RNG pipeline interconnections.

Recycling, Renewable Energy and Healthcare Solutions Contribute WM processed 12% more recyclables year over year during the quarter. Fish said recycling automation projects have delivered a sustained 30% improvement in labor cost per ton compared with legacy facilities. Chief Operating Officer Tara Hemmer said the company has completed 38 of the 39 recycling-facility projects included in its capital plan, with the final project expected to come online in 2027.

Hemmer said commodity prices were down year over year, though the company has seen improving prices for old corrugated containers and some positive movement in plastics. WM began the year using a full-year commodity-price outlook of $70 per ton; Hemmer said the full-year outlook may be somewhat higher, though that benefit could be offset by operational effects related to a fire at an Arizona facility.

The company produced an additional 1.6 million MMBtu of renewable natural gas during the quarter. However, two completed plants have not yet begun delivering gas into pipelines because of third-party interconnection work. Management said it expects the plants to be connected by year-end. Hemmer said WM has locked up 90% of its 2026 renewable identification number volume and has pre-sold roughly one-third of its expected 2027 RINs.

Healthcare Solutions expanded operating EBITDA margin by 200 basis points to 19%. Morris said SG&A expense in the segment declined 15% and improved 290 basis points as a percentage of revenue. Fish said the business is now integrated following the Stericycle acquisition, with days sales outstanding improving and customer credits declining after peaking in the fourth quarter.

Cross-selling initiatives have generated $32 million of annual operating EBITDA to date, and WM remains on track to deliver more than $300 million in total synergies by the end of 2027. Management expects core pricing in Healthcare Solutions to exit 2026 above 5.5%.

Cash Flow, Capital Allocation and Outlook For the first six months of 2026, operating cash flow rose more than 17% to $3.23 billion, while capital spending declined more than 18%. Free cash flow increased more than 56% to $2.02 billion, representing operating EBITDA conversion approaching 52%.

WM used $1 billion for share repurchases and paid $764 million in dividends during the first half. The company ended the quarter with leverage of 2.96 times, within its targeted range of 2.5 times to 3 times, and expects leverage to decline in the second half.

Fish said WM closed $235 million of solid-waste tuck-in acquisitions during the quarter and expects to increase core acquisition activity after returning leverage to its targeted range following the Stericycle purchase. The company also raised its 2026 operating EBITDA margin expectation to between 31% and 31.2%.

About Waste Management (NYSE:WM)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Key Takeaways Waste Management delivered earnings growth as adjusted operating EBITDA margin expanded to 30.9%.WM's technology investments, AI tools and SmartTruck boost efficiency across operations.Waste Management expects revenue pressure but maintains EBITDA and free cash flow guidance. Waste Management, Inc. (WM - Free Report) emphasized pricing discipline, productivity gains and strategic integration during its second-quarter earnings call as management maintained its profitability outlook despite softer volume trends.

The company lowered its revenue outlook due to volume pressure but raised its margin expectation, highlighting confidence in cost controls and cash flow execution.

WM Prioritizes Margin ExpansionCEO Jim Fish said WM delivered earnings growth through price-to-cost execution, cost optimization and improved business mix. Adjusted operating EBITDA increased 5.5%, while adjusted operating EBITDA margin expanded to 30.9%.

Fish highlighted Collection and Disposal as a key contributor, with technology investments and operational discipline helping offset wildfire-related comparisons and higher energy surcharge impacts.

The company also reported adjusted EPS of $2.02, beating the Zacks Consensus Estimate of $1.99. Revenues of $6.68 billion came below the consensus mark of $6.71 billion.

Waste Management Builds Technology EdgePresident John Morris said WM’s technology investments are improving efficiency across operations, including AI-enabled tools, automation and its SmartTruck platform. SmartTruck is generating more than $300 million in annual run-rate EBITDA, according to management.

Morris noted that collection operating costs increased less than 1.7% year over year despite labor cost increases of about 4%. He attributed the performance to productivity improvements and pricing actions.

Management also discussed future technology initiatives, including autonomous long-haul vehicles and remote-operated equipment, as part of a broader effort to improve revenue capture and reduce costs.

WM Advances Healthcare IntegrationWM said that Healthcare Solutions is becoming a stronger contributor following integration efforts after the Stericycle acquisition. Fish added that the business is now positioned to focus more heavily on growth opportunities.

Healthcare Solutions’ adjusted operating EBITDA margin expanded to 19% compared with 17% a year earlier, while SG&A improvements continued. Management expects additional synergy benefits from cross-selling and cost reductions.

During Q&A, a Morgan Stanley analyst asked about Healthcare Solutions growth trends. Management pointed to improving customer credits, stronger cross-selling and progress toward more than $300 million of synergies by the end of 2027.

Waste Management Adjusts Revenue OutlookWM narrowed its 2026 revenue outlook to $26.275-$26.475 billion, reflecting lower volume expectations partially offset by higher energy surcharges. The company maintained adjusted operating EBITDA guidance of $8.15-$8.25 billion and free cash flow guidance of $3.75-$3.85 billion.

John Morris said that Collection and Disposal volumes were softer than expected, with full-year volume trends moving toward a decline of about 1%, excluding wildfire impacts. Residential volume losses improved sequentially as WM continued focusing on profitable growth.

Analysts questioned whether weaker volumes reflected macroeconomic pressure. Fish said industrial and roll-off trends remained stable, while commercial volume pressure was tied more to lost national accounts than broad economic weakness.

WM Expands Cash Flow and Capital ReturnsCFO David Reed highlighted strong cash generation, with operating cash flow reaching $3.23 billion in the first six months of 2026 and free cash flow totaling $2.02 billion.

WM returned more than $1 billion to shareholders during the quarter through share repurchases and dividends. The company ended the quarter with leverage within its targeted range.

Management said that capital allocation priorities remain focused on investing in the core business, supporting dividends, pursuing strategic acquisitions and returning excess cash to shareholders.

Waste Management Maintains Strategic FocusWM completed sustainability investments, including renewable natural gas facilities and recycling capacity expansions, while continuing to build long-term value from its environmental solutions platform.

Management emphasized that acquisitions, technology investments and sustainability projects remain central to strengthening the company’s integrated operating model.

WM’s outlook reflects a balance between softer revenue trends and continued confidence in profitability, margin expansion and cash generation.

WM’s Zacks Rank and Style ScoreWM carries a Zacks Rank #3 (Hold) at present, indicating that the stock currently has a neutral earnings estimate revision outlook under the Zacks Rank framework. The Zacks Rank can change as analysts update earnings estimates following new company information. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The stock has a Value Score of C, a Growth Score of B, a Momentum Score of C and a VGM Score of B. Zacks Style Score evaluates value, growth and momentum characteristics, with stronger scores indicating more favorable attributes within each style category.

Key Takeaways WM beat Q2 earnings estimates, while revenues rose 4% but lagged estimates.Core price rose 5.7% as efficiencies helped expand the adjusted EBITDA margin to 30.9%.WM cut its revenue outlook but kept EBITDA and free cash flow forecasts while raising its margin guidance. WM (WM - Free Report) reported second-quarter 2026 adjusted earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.99 by 1.5%. Earnings increased 5.2% from the year-ago quarter’s $1.92.

Revenues rose 4% year over year to $6.68 billion but missed the consensus estimate of $6.71 billion by 0.4%. Disciplined pricing and operating efficiencies supported profitability, while Collection and Disposal volume declined 1.8%.

WM Benefits From Pricing & Cost DisciplineCore price increased 5.7% in the quarter, while Collection and Disposal yield improved 3.6%. Higher energy surcharges and increased volumes in the recycling and renewable energy businesses also supported revenue growth.

Collection and Disposal volume fell 1.8%, largely because wildfire cleanup work boosted the prior-year period. Excluding that activity, landfill volumes increased 1.7%, while Collection and Disposal volume declined 0.4%. The strategic exit from lower-margin residential contracts also weighed on volumes.

Waste Management Expands EBITDA MarginAdjusted operating EBITDA increased 5.5% year over year to $2.07 billion. Excluding wildfire cleanup contributions from the prior-year quarter, adjusted operating EBITDA growth was 9.1%.

The adjusted operating EBITDA margin expanded 40 basis points to 30.9%. The improvement came despite a 60-basis-point headwind from the comparison with wildfire cleanup work and a 40-basis-point drag from higher energy surcharges.

WM’s Collection Business Drives GrowthCollection and Disposal revenues increased 3.7% year over year to $5.48 billion. Commercial revenues rose to $1.49 billion from $1.40 billion, industrial revenues increased to $820 million from $790 million and residential revenues advanced to $911 million from $872 million.

The segment’s adjusted operating EBITDA increased $79 million to $2.12 billion. Favorable price-to-cost spread, lower frontline turnover and disciplined cost management helped offset the unfavorable comparison with wildfire cleanup contributions in the year-ago period.

Waste Management’s Sustainability Units GainRecycling Processing and Sales revenues increased to $403 million from $381 million. Renewable Energy revenues climbed to $157 million from $115 million, reflecting higher production following the completion of growth projects.

Combined adjusted operating EBITDA from the recycling and renewable energy businesses increased 32.5%, or $40 million. Higher recycling volumes, automation-related efficiencies and increased renewable natural gas production drove the improvement despite lower prices for recycled commodities, natural gas and renewable fuel credits.

WM Improves Healthcare ProfitabilityHealthcare Solutions revenues declined to $638 million from $646 million. However, the business generated adjusted operating EBITDA of $121 million, up from $110 million in the year-ago quarter.

The adjusted operating EBITDA margin expanded to 19% from 17%. Effective selling, general and administrative expense management and integration benefits from WM’s core Collection and Disposal operations supported the segment’s profitability.

Waste Management Keeps Expenses in CheckOperating expenses totaled $3.96 billion and represented 59.2% of revenues compared with 59.1% a year earlier. Cost controls and productivity initiatives largely offset higher fuel-related expenses.

Adjusted selling, general and administrative expenses declined to $662 million from $672 million. The adjusted SG&A expense ratio improved 60 basis points to 9.9%, reflecting cost discipline and continued synergy capture within Healthcare Solutions.

WM Generates Strong Cash FlowNet cash provided by operating activities increased nearly 12% to $1.73 billion. Free cash flow jumped 34.5% to $1.10 billion, driven by operating EBITDA growth and working capital improvements.

WM returned $1.04 billion to shareholders during the quarter. This included $659 million in share repurchases and $379 million in cash dividends. The company also completed three renewable natural gas facilities and a new recycling facility in Denver.

Waste Management Updates Revenue OutlookWM reduced its revenue outlook to $26.28-$26.48 billion from the preceding quarter’s view of $26.43-$26.63 billion, reflecting lower volume expectations partly offset by higher energy surcharges. The Zacks Consensus Estimate is pinned at $26.54 billion.

Management maintained its 2026 adjusted operating EBITDA outlook of $8.15-$8.25 billion and free cash flow projection of $3.75-$3.85 billion. The adjusted operating EBITDA margin forecast was raised 20 basis points to 31-31.2% from the preceding quarter’s view of 30.8-31%.

WM carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Earnings SnapshotS&P Global Inc. (SPGI - Free Report) reported second-quarter 2026 adjusted earnings of $4.83 per share, rising 23% year over year and beating the Zacks Consensus Estimate of $4.49 by 7.6%.

Pro forma revenues of $3.68 billion increased 11% and surpassed the consensus mark of $3.64 billion by 0.8%.

IQVIA Holdings Inc. (IQV - Free Report) posted second-quarter 2026 adjusted earnings of $3.15 per share, rising 12.1% year over year and beating the Zacks Consensus Estimate of $3.02 by 4.3%.

Revenues of $4.36 billion increased 8.7% and topped the consensus mark of $4.29 billion by 1.6%.

Waste Management (WM - Free Report) came out with quarterly earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.99 per share. This compares to earnings of $1.92 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.51%. A quarter ago, it was expected that this garbage and recycling hauler would post earnings of $1.75 per share when it actually produced earnings of $1.81, delivering a surprise of +3.43%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Waste Management, which belongs to the Zacks Waste Removal Services industry, posted revenues of $6.68 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.42%. This compares to year-ago revenues of $6.43 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Waste Management shares have added about 8.3% since the beginning of the year versus the S&P 500's gain of 8.3%.

What's Next for Waste Management?While Waste Management has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Waste Management was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.19 on $6.86 billion in revenues for the coming quarter and $8.16 on $26.54 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Waste Removal Services is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Clean Harbors (CLH - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.

This environmental services company is expected to post quarterly earnings of $2.73 per share in its upcoming report, which represents a year-over-year change of +15.7%. The consensus EPS estimate for the quarter has been revised 1.7% higher over the last 30 days to the current level.

Clean Harbors' revenues are expected to be $1.62 billion, up 4.8% from the year-ago quarter.

Posted by Defense World Staff on Jul 26th, 2026

First Trust Advisors LP reduced its holdings in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,353 shares of the business services provider’s stock after selling 22,204 shares during the quarter. First Trust Advisors LP owned about 0.07% of Waste Management worth $64,422,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Waste Management in the fourth quarter worth about $10,206,000. Capital Advisors Inc. OK grew its stake in Waste Management by 2.0% during the fourth quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock valued at $43,192,000 after acquiring an additional 3,880 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in Waste Management by 18.5% during the 4th quarter. KLP Kapitalforvaltning AS now owns 236,153 shares of the business services provider’s stock worth $51,885,000 after acquiring an additional 36,900 shares during the period. LBP AM SA increased its holdings in Waste Management by 24.1% during the 4th quarter. LBP AM SA now owns 46,640 shares of the business services provider’s stock worth $10,247,000 after acquiring an additional 9,071 shares during the period. Finally, Cohen Capital Management Inc. purchased a new stake in Waste Management in the 4th quarter worth approximately $3,252,000. 80.40% of the stock is owned by institutional investors.

Waste Management Price Performance Shares of NYSE:WM opened at $238.86 on Friday. The company’s fifty day moving average price is $224.17 and its 200-day moving average price is $227.08. The firm has a market capitalization of $95.92 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 2.90 and a beta of 0.44. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89.

Waste Management (NYSE:WM – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the firm posted $1.67 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that Waste Management, Inc. will post 8.16 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In A number of research analysts have recently commented on WM shares. Canadian Imperial Bank of Commerce upgraded shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price target for the company in a research report on Tuesday, July 7th. Robert W. Baird increased their price objective on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. JPMorgan Chase & Co. lifted their price objective on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Barclays boosted their target price on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Scotiabank raised their price target on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, July 16th. Fifteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $256.74.

Check Out Our Latest Stock Report on WM

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

Positive Sentiment: Analysts expect WM to report higher revenue and earnings, supported by stronger collection and disposal pricing plus a sharp increase in renewable energy sales. WM Is Set to Report Q2 Earnings: Here’s What Investors Should Know Positive Sentiment: WM was highlighted as a stock that can benefit from inflation because its contracts allow it to pass rising costs through to customers, which supports margins and earnings resilience. 2 Stocks Built to Thrive If Inflation Refuses to Fade Positive Sentiment: The company was also cited as one of several waste firms using AI to improve efficiency and expand margins, reinforcing the long-term growth narrative. 3 Waste Stocks Turning AI Investments Into Growth Neutral Sentiment: Several articles published ahead of earnings focused on Wall Street estimates and key operating metrics, suggesting investors are mainly waiting for the actual Q2 report before making a bigger move. Curious about Waste Management (WM) Q2 Performance? Explore Wall Street Estimates for Key Metrics Neutral Sentiment: One broad S&P 500 article mentioned WM among companies worth investigating, but it did not provide a specific new catalyst for the stock. 1 S&P 500 Stock Worth Investigating and 2 Facing Challenges Waste Management Company Profile (Free Report)

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.

Featured Stories Five stocks we like better than Waste Management Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM – Free Report).

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Posted by Defense World Staff on Jul 25th, 2026

Arrowstreet Capital Limited Partnership grew its position in Waste Management, Inc. (NYSE:WM – Free Report) by 90.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 806,172 shares of the business services provider’s stock after acquiring an additional 382,079 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.20% of Waste Management worth $185,250,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WM. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in Waste Management in the 4th quarter valued at about $10,206,000. Capital Advisors Inc. OK increased its holdings in shares of Waste Management by 2.0% during the 4th quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock worth $43,192,000 after buying an additional 3,880 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in shares of Waste Management by 18.5% during the 4th quarter. KLP Kapitalforvaltning AS now owns 236,153 shares of the business services provider’s stock valued at $51,885,000 after buying an additional 36,900 shares during the period. LBP AM SA lifted its holdings in Waste Management by 24.1% in the fourth quarter. LBP AM SA now owns 46,640 shares of the business services provider’s stock valued at $10,247,000 after acquiring an additional 9,071 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Waste Management by 3.1% in the first quarter. Principal Financial Group Inc. now owns 460,317 shares of the business services provider’s stock worth $105,776,000 after acquiring an additional 14,003 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In Several equities research analysts have issued reports on the company. Oppenheimer cut their target price on Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings cut Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Canadian Imperial Bank of Commerce raised Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price objective for the company in a research report on Tuesday, July 7th. Citigroup lifted their price target on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Barclays upped their price objective on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.74.

Get Our Latest Analysis on WM

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

Positive Sentiment: Analysts expect WM to report higher revenue and earnings, supported by stronger collection and disposal pricing plus a sharp increase in renewable energy sales. WM Is Set to Report Q2 Earnings: Here’s What Investors Should Know Positive Sentiment: WM was highlighted as a stock that can benefit from inflation because its contracts allow it to pass rising costs through to customers, which supports margins and earnings resilience. 2 Stocks Built to Thrive If Inflation Refuses to Fade Positive Sentiment: The company was also cited as one of several waste firms using AI to improve efficiency and expand margins, reinforcing the long-term growth narrative. 3 Waste Stocks Turning AI Investments Into Growth Neutral Sentiment: Several articles published ahead of earnings focused on Wall Street estimates and key operating metrics, suggesting investors are mainly waiting for the actual Q2 report before making a bigger move. Curious about Waste Management (WM) Q2 Performance? Explore Wall Street Estimates for Key Metrics Neutral Sentiment: One broad S&P 500 article mentioned WM among companies worth investigating, but it did not provide a specific new catalyst for the stock. 1 S&P 500 Stock Worth Investigating and 2 Facing Challenges Waste Management Trading Up 0.7% Shares of Waste Management stock opened at $238.86 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. The company has a fifty day simple moving average of $224.17 and a 200-day simple moving average of $227.08. The stock has a market cap of $95.92 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 2.89 and a beta of 0.44. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13.

Waste Management (NYSE:WM – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the company earned $1.67 earnings per share. Waste Management’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that Waste Management, Inc. will post 8.16 EPS for the current fiscal year.

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

Waste Management Company Profile (Free Report)

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.

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Key Takeaways WM's Q2 revenues are expected to rise 4.4% y/y to $6.7 billion, with EPS up 3.7% to $1.99.Collection and disposal revenues are projected at $5.5 billion, nearly 82% of WM's quarterly sales.WM's renewable energy revenues are expected to rally 47%, helped by RNG, automation and new markets. WM (WM - Free Report) is scheduled to release second-quarter 2026 results on July 28, 2026, after market close.

WM surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, the average earnings surprise being 0.6%.

WM’s Q2 ExpectationsThe Zacks Consensus Estimate for revenues is pegged at $6.7 billion, implying a 4.4% gain from the year-ago quarter’s actual. The top line is expected to have been driven by solid momentum across the total collection and disposal segment, contributing toward the majority of the top line. The remaining segments are anticipated to have contributed meaningfully to the top line as well.

The consensus estimate for total collection and disposal segment revenue is set at $5.5 billion, suggesting a 3.9% year-over-year rise. This segment is expected to account for nearly 82% of the top line in the second quarter of 2026. Revenue gains in this segment are likely to have stemmed from a focus on customer lifetime value, continuous operational improvement and network advantages.

For the recycling processing and sales segment, the consensus estimate for revenues is $397 million. This represents a 4.2% increase from the year-ago quarter’s actual. The Zacks Consensus Estimate for the WM renewable energy segment’s revenues is $169 million, suggesting a 47% year-over-year jump. Key drivers of recycling and renewable segments’ expansion likely include investments in renewable natural gas facilities, recycling automation and new market projects.

The consensus estimate for the WM healthcare solutions revenues hints at marginal year-over-year growth to $647 million. For the corporate and other segment, the Zacks Consensus Estimate is pinned at $7 million, suggesting no change from the year-ago quarter’s reported figure.

The consensus estimate for earnings per share is pegged at $1.99, hinting at a 3.7% increase from the year-ago quarter’s actual. Bottom-line growth is anticipated to have been driven by operational efficiencies and expanding margins across segments, capturing the growth momentum. Automation and AI-fueled technological support are expected to have been the prominent growth drivers as well.

What Our Model Predicts About WMOur proven model does not conclusively predict an earnings beat for WM this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

WM currently has an Earnings ESP of -1.31% and a Zacks Rank #3.

Stocks to ConsiderHere are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.

Clean Harbors (CLH - Free Report) : The Zacks Consensus Estimate for the company’s second-quarter 2026 revenues is pinned at $1.6 billion, indicating 4.8% year-over-year growth. For earnings, the consensus estimate is pegged at $2.73 per share, implying a 15.7% jump from the year-ago quarter’s actual. The company beat the consensus estimate in three of the four quarters and missed once, with an average negative surprise of 0.02%.

CLH has an Earnings ESP of +3.82% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The company is scheduled to declare second-quarter 2026 results on July 29.

Veralto Corporation (VLTO - Free Report) : The Zacks Consensus Estimate for the company’s second-quarter 2026 revenues is $1.4 billion, suggesting a 4.9% year-over-year rise. For earnings, the consensus estimate is kept at a dollar per share, gaining 7.5% from the year-ago quarter’s actual. The company beat the consensus estimate in the trailing four quarters, with an average surprise of 4.9%.

VLTO has an Earnings ESP of +0.77% and a Zacks Rank of 3 at present. The company is scheduled to declare second-quarter 2026 results on July 28.

Posted by Defense World Staff on Jul 23rd, 2026

Andra AP fonden acquired a new position in Waste Management, Inc. (NYSE:WM – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,182 shares of the business services provider’s stock, valued at approximately $4,178,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Waste Management by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock valued at $8,566,508,000 after acquiring an additional 553,605 shares during the last quarter. State Street Corp raised its holdings in shares of Waste Management by 1.6% in the 4th quarter. State Street Corp now owns 17,390,748 shares of the business services provider’s stock valued at $3,820,921,000 after purchasing an additional 281,456 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Waste Management by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock worth $1,972,371,000 after buying an additional 117,476 shares during the period. Norges Bank bought a new stake in Waste Management during the fourth quarter valued at about $1,022,916,000. Finally, Northern Trust Corp boosted its holdings in shares of Waste Management by 0.3% in the 3rd quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock valued at $873,276,000 after buying an additional 11,688 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Up 1.5% WM stock opened at $236.69 on Thursday. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a market cap of $95.05 billion, a PE ratio of 34.25, a PEG ratio of 2.84 and a beta of 0.44. The firm’s 50 day moving average price is $223.42 and its 200-day moving average price is $226.86.

Waste Management (NYSE:WM – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 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 3.5% on a year-over-year basis. During the same period last year, the company earned $1.67 EPS. On average, equities research analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a $0.945 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is presently 54.70%.

Wall Street Analysts Forecast Growth Several research analysts recently weighed in on the company. Citigroup boosted their target price on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Barclays upped their price target on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Oppenheimer cut their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a report on Wednesday, July 8th. Scotiabank increased their price target on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company decreased their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Fifteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and a consensus target price of $256.74.

Read Our Latest Stock Report on WM

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

Positive Sentiment: A Seeking Alpha piece highlighted Waste Management as a defensive name with a positive outlook, suggesting investors may still view WM as a stable anchor in uncertain markets. Waste Management: Positive Outlook As Defensive Anchor Remains Neutral Sentiment: Analysts said WM’s earnings are expected to grow, but also noted the stock may not have the setup for a clear earnings beat, which keeps expectations balanced ahead of the next report. Waste Management (WM) Earnings Expected to Grow: Should You Buy? Neutral Sentiment: Another earnings preview from Zacks struck a similar tone, saying investors should be prepared for growth but not necessarily a strong upside surprise. Waste Management (WM) Earnings Expected to Grow: Should You Buy? Negative Sentiment: WM fell as the broader market moved higher, indicating some near-term profit-taking or relative weakness versus the market. Waste Management (WM) Stock Sinks As Market Gains: What You Should Know Negative Sentiment: A local report said Waste Management will end service in a Centre County township, which could slightly weigh on sentiment even if the business impact is limited. Waste Management to end service in a Centre County township About Waste Management (Free Report)

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.

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Waste Management (WM - Free Report) ended the recent trading session at $233.18, demonstrating a -2.46% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.89% for the day. At the same time, the Dow added 0.74%, and the tech-heavy Nasdaq gained 1.29%.

The stock of garbage and recycling hauler has risen by 12.07% in the past month, leading the Business Services sector's gain of 4.27% and the S&P 500's loss of 0.63%.

Analysts and investors alike will be keeping a close eye on the performance of Waste Management in its upcoming earnings disclosure. The company's earnings report is set to go public on July 28, 2026. The company's earnings per share (EPS) are projected to be $2, reflecting a 4.17% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $6.71 billion, up 4.32% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $8.16 per share and revenue of $26.53 billion, which would represent changes of +8.8% and +5.26%, respectively, from the prior year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Waste Management. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.03% upward. Waste Management is currently a Zacks Rank #3 (Hold).

In terms of valuation, Waste Management is currently trading at a Forward P/E ratio of 29.31. This expresses a premium compared to the average Forward P/E of 27.37 of its industry.

It's also important to note that WM currently trades at a PEG ratio of 2.91. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Waste Removal Services stocks are, on average, holding a PEG ratio of 2.62 based on yesterday's closing prices.

The Waste Removal Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 79, putting it in the top 33% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Posted by Defense World Staff on Jul 20th, 2026

Decker Wealth Management LLC purchased a new stake in Waste Management, Inc. (NYSE:WM – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,304 shares of the business services provider’s stock, valued at approximately $6,504,000. Waste Management makes up 1.5% of Decker Wealth Management LLC’s holdings, making the stock its 29th largest holding.

Several other hedge funds also recently modified their holdings of the company. KBC Group NV raised its position in Waste Management by 16.2% in the 1st quarter. KBC Group NV now owns 409,741 shares of the business services provider’s stock valued at $94,155,000 after purchasing an additional 57,028 shares during the last quarter. True North Advisors LLC acquired a new position in Waste Management in the first quarter worth $294,000. SEB Asset Management AB bought a new stake in shares of Waste Management during the first quarter worth $52,748,000. Swiss National Bank increased its stake in shares of Waste Management by 7.1% in the first quarter. Swiss National Bank now owns 1,182,300 shares of the business services provider’s stock valued at $271,681,000 after buying an additional 78,300 shares in the last quarter. Finally, World Equity Group Inc. raised its holdings in shares of Waste Management by 222.5% in the first quarter. World Equity Group Inc. now owns 3,673 shares of the business services provider’s stock valued at $844,000 after buying an additional 2,534 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Up 0.1% NYSE:WM opened at $239.50 on Monday. 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 12-month low of $194.11 and a 12-month high of $248.13. The stock’s fifty day simple moving average is $222.20 and its 200-day simple moving average is $226.53. The firm has a market capitalization of $96.18 billion, a P/E ratio of 34.66, a P/E/G ratio of 2.91 and a beta of 0.44.

Waste Management (NYSE:WM – Get Free Report) last released its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Equities research analysts expect that Waste Management, Inc. will post 8.16 earnings per share for the current year.

Waste Management Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is currently 54.70%.

Analysts Set New Price Targets A number of equities research analysts have commented on WM shares. Barclays increased their price objective on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Robert W. Baird upped their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Canadian Imperial Bank of Commerce raised shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 price target for the company in a report on Tuesday, July 7th. Finally, Scotiabank boosted their price objective on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $256.70.

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

Positive Sentiment: Scotiabank raised Waste Management’s price target to $260 from $250, suggesting continued upside potential despite maintaining a “sector perform” view. Positive Sentiment: Analyst commentary highlighted WM’s strong waste collection network, pricing power, and acquisition strategy as supports for growth and margins. Neutral Sentiment: Erste Group Bank trimmed its FY2026 EPS estimate to $8.16 from $8.17, a very small revision that matches the current consensus estimate. Neutral Sentiment: Erste Group also nudged FY2027 EPS down to $9.20 from $9.23, another modest cut that does not materially change the long-term earnings outlook. Negative Sentiment: Analyst notes pointed to WM’s high debt load and slower stock momentum as ongoing concerns that could weigh on investor sentiment. Waste Management Profile (Free Report)

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.

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WM's waste network, pricing and acquisitions support growth and margins. Its high debt and slow stock momentum pose challenges.

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Stock to Watch: Waste Management (WM - Free Report) Headquartered in Houston, Texas, Waste Management Inc. is a leading provider of comprehensive waste management services in North America. Formerly known as USA Waste Services, Inc., the company changed its name to Waste Management, Inc. in 1998.

WM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. WM has a Growth Style Score of B, forecasting year-over-year earnings growth of 8.8% for the current fiscal year.

Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.00 to $8.16 per share. WM boasts an average earnings surprise of +0.6%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, WM should be on investors' short list.