Howland Capital Management 13F: Exits Waste Management (WM) Stake

Howland Capital Management sold its entire stake in Waste Management, Inc. WM, parting ways with all 4,054 shares it previously held. The complete exit was disclosed in a Form 13F filing with the SEC on October 22, 2026. Waste Management closed at $239.10 on the day of the filing.

WM Waste Management, Inc.

$239.10 ▲ +10.88% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Inside Howland Capital Management's Waste Management Trade

Howland Capital Management completely closed out its position by shedding all 4,054 shares. Because this was a full exit, the firm reduced its holdings by 100%, taking its ending share count down to zero.

Other Institutional Activity in Waste Management

Other large funds have been adjusting their portfolios around the waste services provider as well. Godsey & Gibb grew its holdings, ending with 96,431 shares worth about $19,664,210. RMR Wealth Builders sold out of its position, liquidating all 5,942 shares. Gates Foundation Trust reduced its stake by 920,452 shares, ending with 26,720,744 shares valued at roughly $6,388,930,053. Ameriprise Financial, Inc. trimmed its holdings by 341,678 shares, finishing the period with 7,086,113 shares worth about $1,694,289,661. Parnassus Investments, LLC cut its stake by 189,807 shares to wrap up with 4,792,005 shares valued at approximately $1,145,768,424.

Waste Management, Inc. Stock Up 3.2%

Waste Management shares recently traded around $239.04 as of October 23, 2026, sitting right around the previous day's close. The stock trades above its 50-day moving average of $216.39 and above its 200-day moving average of $224.65. The company features a market capitalization of roughly $91.77 billion and has traded between a 52-week low of $194.11 and a 52-week high of $248.13.

Recent Earnings

Waste Management generated $25.67 billion in trailing-twelve-month revenue. The enterprise reported earnings of $7.06 per share over the same period, alongside a net profit margin of 11.1% and a return on equity of 29.8%. The company is scheduled to report its next round of earnings on October 27, 2026.

Dividend

Waste Management pays an annual dividend rate of $3.78 per share, giving investors a dividend yield of 1.65%. The company distributes about 50.1% of its earnings to shareholders through dividends.

Insider Buying and Selling at Waste Management, Inc.

Company insiders have completed several routine transactions over recent quarters. John A Carroll sold 47 shares on March 9, 2026, at an average price of $245.30 for a total value of $11,529. Christopher P Desantis sold 61 shares on the same day at $245.50 per share, totaling $14,976. Rafael Carrasco sold 2,655 shares on June 5, 2026, at $220.46 per share, coming to $585,335. Later, John A Carroll sold another 1,365 shares on September 4, 2026, at $219.90 each for a total of $300,164.

Analysts Set New Price Targets

Wall Street firms continue to update their outlooks on the stock. On July 30, 2026, RBC Capital maintained its Sector Perform rating while raising its price target to $244.00 from $240.00. UBS maintained a Buy rating on August 4, 2026, lifting its price target to $270.00 from $265.00. JP Morgan maintained an Overweight rating on October 8, 2026, lowering its target to $235.00 from $270.00. CIBC maintained a Neutral rating on October 8, 2026, reducing its target to $225.00 from $250.00. Finally, Morgan Stanley maintained an Equal-Weight rating on October 13, 2026, adjusting its target down to $220.00 from $230.00. Overall, the stock carries a consensus buy recommendation from 25 analysts, with a mean price target of $253.52.

About Waste Management

Headquartered in Houston, Texas, Waste Management provides comprehensive environmental solutions to residential, commercial, industrial, and municipal customers across North America. The firm handles collection, transfer, recycling, and disposal services, acting as a core utility-like provider within the industrial sector.

Bottom Line

Investors will be keeping a close eye on the company's upcoming earnings report scheduled for October 27, 2026. Future Form 13F filings will show whether other institutional managers follow Howland Capital Management in exiting or if they continue to support the waste collection leader.