Waste Management (WM) Benefits From Scale Few Competitors Can Match

Thrivent Financial for Lutherans increased its Waste Management stake by 18.6% in the fourth quarter, adding 10,746 shares to 68,661. The position was valued at $15.12 million at the end of the latest reporting period, according to a filing. Other institutions also adjusted holdings. Analyst price targets rose, including RBC to $240 and TD Cowen to $275.

Mizuho Markets Cayman LP recently acquired a new position of 29,006 shares in Waste Management, Inc. (NYSE:WM) valued at approximately $6.37 million. This move is part of broader institutional investment activity, with several other firms also adjusting their holdings in Waste Management. Analyst ratings for WM are predominantly positive, with a "Moderate Buy" consensus and an average target price of $255.67.

Axxcess Wealth Management LLC significantly increased its stake in Waste Management, Inc. (NYSE:WM) by 514.0% in the fourth quarter, acquiring an additional 67,016 shares. Other institutional investors also adjusted their positions in the business services provider. The article details Waste Management's financial performance, recent dividend announcement, insider transactions, and current analyst ratings.

Diamond Hill Capital Management Inc. increased its stake in Waste Management, Inc. by 23.5% in the fourth quarter, bringing its total holdings to 2.32 million shares valued at over $510 million. Waste Management reported strong quarterly earnings, beating EPS estimates, and declared a quarterly dividend. Analyst ratings for WM remain broadly positive, with a consensus of "Moderate Buy."

Marcel Dalby, Senior Vice President of Waste Management Inc., was granted 2,257 restricted stock units (RSUs) under the company's 2023 Stock Incentive Plan, as detailed in a recent Form 4 filing. These RSUs were awarded at no cash cost and will vest over three years: 34% on the first anniversary and 33% on both the second and third anniversaries of the grant date. Following this transaction, Dalby directly holds 5,866.7289 shares of Waste Management common stock.

Tara J. Hemmer, EVP & Chief Operating Officer of Waste Management (WM), has been granted 2,544 restricted stock units (RSUs) as part of her compensation, with a stated price of $0.00 per share. These RSUs, awarded under the 2023 Stock Incentive Plan, will vest over three years, with 34% vesting on the first anniversary and 33% on the second and third anniversaries. Following this grant, Hemmer's direct holdings in WM Common Stock now total 81,461.5789 shares.