Why WM (WM) Stock Is Down Today | Quiver Quantitative

WM (WM) is down 4.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a mixed second-quarter earnings reaction. WM appears to have delivered a profit result that held up reasonably well, but investors may be focusing on softer-than-expected revenue and on whether some of the company’s growth areas are converting into enough near-term top-line momentum.

Details:

WM scheduled its second-quarter 2026 earnings release for July 28, 2026, followed by its conference call on July 29, putting the stock in focus this week.

Consensus-tracking earnings pages indicated WM’s quarterly revenue came in around $6.23 billion, which was below the roughly $6.29 billion Wall Street expectation.

At the same time, market summaries indicated adjusted earnings per share were better than expected, making the report look mixed rather than broadly weak.

This could be because investors wanted a cleaner beat from a premium-priced defensive name, and a revenue miss can outweigh an earnings beat when expectations are already high.

Sources:

WM, Benzinga, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$WM Insider Trading Activity

$WM insiders have traded $WM stock on the open market 33 times in the past 6 months. Of those trades, 0 have been purchases and 33 have been sales.

Here’s a breakdown of recent trading of $WM stock by insiders over the last 6 months:

JAMES C JR FISH (Chief Executive Officer) has made 0 purchases and 3 sales selling 36,753 shares for an estimated $8,469,157.
MICHAEL J. WATSON (Sr. VP-Chief Customer Officer) has made 0 purchases and 3 sales selling 17,938 shares for an estimated $4,322,506.
JOHN J MORRIS (President & COO) has made 0 purchases and 3 sales selling 12,880 shares for an estimated $3,131,720.
DONALD J SMITH (Sr. VP - Operations) has made 0 purchases and 3 sales selling 12,884 shares for an estimated $2,998,568.
RAFAEL CARRASCO (SVP of Enterprise Strategy) has made 0 purchases and 3 sales selling 10,697 shares for an estimated $2,460,500.
TARA J. HEMMER (SVP & Chief Sustainability Off) has made 0 purchases and 2 sales selling 5,508 shares for an estimated $1,316,733.
JOHN A. CARROLL (VP & Chief Accounting Officer) has made 0 purchases and 4 sales selling 1,325 shares for an estimated $307,959.
JOHNSON VARKEY (SVP-Chief Information Officer) has made 0 purchases and 3 sales selling 1,166 shares for an estimated $274,309.
CHARLES C BOETTCHER (EVP, Chief Legal Officer) sold 689 shares for an estimated $151,111
DAVID L. REED (EVP & CFO) has made 0 purchases and 4 sales selling 403 shares for an estimated $91,016.
CHRISTOPHER P. DESANTIS (SVP Operations - East) has made 0 purchases and 2 sales selling 276 shares for an estimated $62,028.
KIMBERLY G. STITH (SVP - Chief HR Officer) has made 0 purchases and 2 sales selling 178 shares for an estimated $39,591.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$WM Hedge Fund Activity

We have seen 1,000 institutional investors add shares of $WM stock to their portfolio, and 968 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL RESEARCH GLOBAL INVESTORS added 6,466,673 shares (+285.5%) to their portfolio in Q1 2026, for an estimated $1,478,475,447
ROYAL BANK OF CANADA added 2,022,187 shares (+84.9%) to their portfolio in Q1 2026, for an estimated $462,332,613
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 1,808,899 shares (+406.2%) to their portfolio in Q1 2026, for an estimated $413,568,578
GATES FOUNDATION TRUST removed 1,292,000 shares (-4.5%) from their portfolio in Q1 2026, for an estimated $295,389,960
TWO SIGMA INVESTMENTS, LP added 1,132,972 shares (+125.0%) to their portfolio in Q1 2026, for an estimated $259,031,388
HOLOCENE ADVISORS, LP removed 1,121,961 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $256,513,943
PICTET ASSET MANAGEMENT HOLDING SA removed 929,837 shares (-61.6%) from their portfolio in Q2 2026, for an estimated $207,242,070

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$WM Government Contracts

We have seen $5,946 of award payments to $WM over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

TRASH AND RECYCLE COLLECTION FOR COLUMBIA SITE: $5,946

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$WM Analyst Ratings

Wall Street analysts have issued reports on $WM in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 04/30/2026
Wells Fargo issued a "Overweight" rating on 04/30/2026

To track analyst ratings and price targets for $WM, check out Quiver Quantitative's $WM forecast page.

$WM Price Targets

Multiple analysts have issued price targets for $WM recently. We have seen 8 analysts offer price targets for $WM in the last 6 months, with a median target of $265.5.

Here are some recent targets:

Noah Kaye from Oppenheimer set a target price of $263.0 on 07/08/2026
Kevin Chiang from CIBC set a target price of $244.0 on 07/07/2026
William Grippin from Barclays set a target price of $270.0 on 04/30/2026
Jerry Revich from Wells Fargo set a target price of $268.0 on 04/30/2026
Sabahat Khan from RBC Capital set a target price of $240.0 on 04/30/2026
James Schumm from TD Cowen set a target price of $275.0 on 04/30/2026
David Manthey from Baird set a target price of $260.0 on 04/16/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.