Godsey & Gibb 13F: New $20M Stake in Waste Management (WM)

Godsey & Gibb took a fresh position in Waste Management, Inc. WM on the New York Stock Exchange, according to a Form 13F filing with the SEC on October 14, 2026. Keep in mind that 13F filings look backward. They show holdings from the end of the reporting period and may not reflect the fund's current stance.

What Changed in Godsey & Gibb's Waste Management Position

The firm opened a brand-new stake in the waste services company during the period. Godsey & Gibb bought 96,431 shares. The reported value of the new holding reached $19,664,210. Because this is a brand-new purchase, there is no prior quarter comparison.

Other Institutional Activity in Waste Management

Other major institutional funds adjusted their holdings in Waste Management during the same reporting window. Blackrock Inc. grew its holdings by 534,530 shares, ending with 30,733,944 shares worth about $6,972,302,554 following a 1.8% increase. The Gates Foundation Trust reduced its position by 920,452 shares, leaving it with 26,720,744 shares valued at roughly $6,061,868,000 after a 3.3% drop. Vanguard Capital Management LLC grew its holdings by 10,068 shares, ending with 25,179,716 shares worth about $5,712,270,387. State Street Corporation grew its holdings by 507,540 shares, finishing with 18,008,931 shares valued at roughly $4,085,506,097 after a 2.9% increase. Capital Research Global Investors grew its holdings by 1,706,217 shares, ending with 10,438,136 shares worth about $2,367,995,539 following a 19.5% jump.

Waste Management, Inc. Stock Up 4.6%

Waste Management recently traded around $225.74 as of October 16, 2026. The stock sits above its 50-day moving average of $216.31 and its 200-day moving average of $224.48. Shares trade 9.0% below their 52-week high of $248.13 and 16.3% above their 52-week low of $194.11. The company has a market capitalization of roughly $89.61 billion and a forward price-to-earnings ratio of 24.68.

Recent Earnings

Waste Management reported trailing twelve-month revenue of $25.67 billion and earnings of $7.06 per share. The company generated a net profit margin of 11.1% and a return on equity of 29.8%. Investors look ahead to the next earnings report scheduled for October 27, 2026.

Dividend

The company pays an annualized dividend yielding 1.69% with a payout ratio of 50.1%.

Insider Buying and Selling at Waste Management, Inc.

Company insiders completed several transactions prior to the filing. On March 9, 2026, officer John A Carroll sold 47 shares at an average price of $245.30 for a total value of $11,529. On the same day, officer Christopher P Desantis sold 61 shares at $245.50 worth $14,976. Later, on June 5, 2026, officer Rafael Carrasco sold 2,655 shares at $220.46 for $585,335. Most recently, officer John A Carroll sold 1,365 shares on September 4, 2026, at an average price of $219.90, totaling $300,164.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On July 30, 2026, RBC Capital maintained a sector perform rating with a target of $244.00. UBS maintained a buy rating on August 4, 2026, raising its target to $270.00. JP Morgan maintained an overweight rating on October 8, 2026, lowering its target to $235.00. CIBC maintained a neutral rating on October 8, 2026, cutting its target to $225.00. Morgan Stanley maintained an equal-weight rating on October 13, 2026, adjusting its target to $220.00. Overall, the stock carries a consensus buy rating 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. As a foundational utility-like service provider in the industrials sector, shifts in institutional ownership reflect how large asset managers position themselves within stable infrastructure holdings.

Bottom Line

Godsey & Gibb's new purchase highlights growing interest from smaller institutional managers. Market participants will watch the upcoming earnings release on October 27, 2026, for updates on revenue growth and operational margins. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.