BlackRock Amends Waste Management Stake (11th Time)
Ticker: WM · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 823768
| Field | Detail |
|---|---|
| Company | Waste Management Inc (WM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Waste Management stake, signaling a potential shift in institutional sentiment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating a change in its ownership of WASTE MANAGEMENT INC's Common Stock as of December 31, 2023. This is the 11th amendment to their Schedule 13G filing for Waste Management. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future performance, potentially influencing other investors.
Why It Matters
Large institutional investors like BlackRock often have significant research capabilities, so their buying or selling activity can be seen as a vote of confidence or concern for a company's prospects.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and doesn't inherently indicate a high level of risk, but rather a change in ownership percentage.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, but this filing alone doesn't provide enough detail to determine if their stake increased or decreased. Further investigation into the specific share count changes would be necessary to gauge sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- WASTE MANAGEMENT INC (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- 94106L109 (other) — the CUSIP number for Waste Management Inc. Common Stock
Forward-Looking Statements
- BlackRock's continued holding of Waste Management stock suggests a long-term positive outlook on the waste management industry. (BlackRock Inc.) — medium confidence, target: 2025-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 11)' sections.
Who is the 'reporting person' in this filing?
The reporting person, or the entity filing this statement, is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
Which company's securities are being reported on in this filing?
The securities being reported on belong to WASTE MANAGEMENT INC, as specified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WASTE MANAGEMENT INC' and 'WASTE MANAGEMENT INC (Name of Issuer)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event that required this filing was December 31, 2023, as explicitly stated in the filing.
How many amendments has BlackRock Inc. filed for Waste Management Inc. on Schedule 13G?
This is the 11th amendment, as indicated by '(Amendment No: 11)' in the 'SCHEDULE 13G' section of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding WASTE MANAGEMENT INC (WM).