NTV Asset Management 13F: Adds $858K to WM Stake

NTV Asset Management boosted its stake in Waste Management, Inc. WM by 17.8% during the third quarter, according to a Form 13F filing submitted to the Securities and Exchange Commission on October 23, 2026. The institutional investor picked up an additional 4,208 shares of the waste services provider to bring its total ownership to 27,792 shares. The reported value of the holding reached $5,667,345 at the time of the disclosure.

WM Waste Management, Inc.

$239.38 ▲ +11.01% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in NTV Asset Management's Waste Management Position

The added shares expand NTV Asset Management's investment in Waste Management from a prior count of 23,584 shares up to 27,792 shares. The 17.8% increase marks a notable upward adjustment by the firm for its portfolio exposure to the industrial sector name.

Other Institutional Activity in Waste Management

Other large institutional holders also adjusted their positions in Waste Management around the same reporting period. Wilmington Savings Fund Society, FSB grew its holdings by 17,702 shares, ending with 23,223 shares worth about $4,735,634. RMR Wealth Builders cut its position entirely by shedding 5,942 shares to exit with zero shares. Howland Capital Management also closed its position by dropping 4,054 shares down to zero. Godsey & Gibb initiated a position by picking up 96,431 shares valued at about $19,664,210. Meanwhile, Gates Foundation Trust reduced its stake by 920,452 shares, leaving it with 26,720,744 shares worth roughly $6,396,411,829.

Waste Management, Inc. Stock Up 4.3%

Waste Management shares recently traded around $239.39 as of October 24, 2026, which was about equal to the closing price of $239.38 on the filing date. The stock trades above its 50-day moving average of $216.65 and its 200-day moving average of $224.75. The equity sits below its 52-week high of $248.13 while remaining well above its 52-week low of $194.11.

Recent Earnings

Waste Management generated $25,667,000,320 in trailing twelve-month revenue alongside earnings of $7.06 per share. The company's next quarterly earnings update is scheduled for October 27, 2026.

Dividend

Waste Management pays an annual dividend of $3.78 per share, giving investors a dividend yield of 1.58% based on a payout ratio of 50.1%.

Insider Buying and Selling at Waste Management, Inc.

Company insiders executed several stock transactions earlier in the year before the filing. President John J. Morris Jr. sold 4,211 shares on March 9, 2026, at an average price of $243.38 for a total value of $1,024,863. Officer John A. Carroll sold 47 shares on March 9, 2026, at $245.30 per share for a total of $11,529, and later sold 1,365 shares on September 4, 2026, at an average price of $219.90 for $300,164. Additionally, officer Rafael Carrasco sold 2,655 shares on June 5, 2026, at an average price of $220.46 for a total value of $585,335.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on the stock ahead of the filing. RBC Capital maintained a sector perform rating with a target of $244.00 on July 30, 2026. UBS maintained a buy rating with a $270.00 target on August 4, 2026. JP Morgan maintained an overweight rating with a target of $235.00 on October 8, 2026. CIBC maintained a neutral rating with a target of $225.00 on October 8, 2026, and Morgan Stanley maintained an equal-weight rating with a target of $220.00 on October 13, 2026. The stock carries a consensus buy recommendation and a mean price target of $253.52 across 25 analyst opinions.

About Waste Management

Waste Management, Inc. provides waste collection, transfer, recycling, and resource recovery services to residential, commercial, industrial, and municipal customers across North America. The firm operates an extensive network of landfills and transfer stations, acting as a core infrastructure provider for municipal sanitation needs.

Bottom Line

Investors will look toward the upcoming earnings report on October 27, 2026, for fresh details on operational margins and cash flow. Monitoring subsequent institutional filings will also show whether firms like NTV Asset Management continue to expand their holdings in the waste collection sector.