Wilmington Savings Fund Society, FSB 13F: Adds $3.6M to WM Stake

Wilmington Savings Fund Society boosted its stake in Waste Management, Inc. (NYSE:WM) by 17,702 shares during the period, according to a Form 13F filing with the U.S. Securities and Exchange Commission on October 23, 2026.

WM Waste Management, Inc.

$239.38 ▲ +11.01% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Wilmington Savings Fund Society's Waste Management Position

The fund increased its holdings by 320.6%, growing its prior position of 5,521 shares up to a total of 23,223 shares. The reported value of the stake reached $4,735,634 at the time of the filing. Waste Management closed at $239.38 on the filing date of October 23, 2026.

Other Institutional Activity in Waste Management

Other large institutional investors adjusted their positions in the waste services provider around the same reporting period. Gates Foundation Trust reduced its holdings by 920,452 shares, ending with 26,720,744 shares worth about $6,396,411,829 after a 3.3% cut. Ameriprise Financial, Inc. trimmed its stake by 341,678 shares, leaving it with 7,086,113 shares valued at approximately $1,696,273,764 following a 4.6% reduction.

Waste Management, Inc. Stock Up 4.3%

Waste Management recently traded around $239.39 as of October 24, 2026, putting it about equal to its event-day close. The stock sits 3.5% below its 52-week high of $248.13 and 23.3% above its 52-week low of $194.11. Shares are positioned above both the 50-day moving average of $216.65 and the 200-day moving average of $224.75.

Recent Earnings

Waste Management generated $25,670,000,320 in trailing twelve-month revenue. The company recorded an earnings per share total of $7.06 over the same trailing period. Profitability metrics include a net profit margin of 11.1% and a return on equity of 29.8%. The next quarterly earnings report is scheduled for October 27, 2026.

Dividend

Waste Management pays an annual dividend rate of $3.78 per share, which translates to a dividend yield of 1.58%. Payouts are distributed using 50.1% of earnings based on the company's dividend payout ratio.

Insider Buying and Selling at Waste Management, Inc.

Company insiders completed several transactions earlier in the year. 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 worth $11,529, and later sold 1,365 shares on September 4, 2026, at $219.90 for $300,164. Officer Rafael Carrasco sold 2,655 shares on June 5, 2026, at $220.46 per share, totaling $585,335.

Analysts Set New Price Targets

Wall Street firms have maintained active coverage on the stock through recent months. On July 30, 2026, RBC Capital maintained a sector perform rating while lifting its price target to $244.00 from $240.00. UBS maintained a buy rating on August 4, 2026, raising its target from $265.00 to $270.00. JP Morgan maintained an overweight rating on October 8, 2026, adjusting its target to $235.00 from $270.00. CIBC maintained a neutral rating on October 8, 2026, lowering its target to $225.00 from $250.00. Morgan Stanley maintained an equal-weight rating on October 13, 2026, moving its target to $220.00 from $230.00. Overall, the stock carries a consensus buy rating and a mean price target of $253.52 across 25 analyst opinions.

About Waste Management

Headquartered in Houston, Texas, Waste Management provides environmental services such as waste collection, recycling, and disposal to residential, commercial, industrial, and municipal clients. The company operates an extensive infrastructure network across North America to handle waste streams and sustainability initiatives.

Bottom Line

Investors will look to the upcoming earnings release on October 27, 2026, for updated financial guidance and operating margins. Institutional interest and ongoing insider transactions continue to shape market sentiment around the stock's current valuation.