BlackRock Amends Waste Management Stake (11th Time)

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

From the Filing

0001086364-24-004637.txt : 20240126 0001086364-24-004637.hdr.sgml : 20240126 20240126162342 ACCESSION NUMBER: 0001086364-24-004637 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WASTE MANAGEMENT INC CENTRAL INDEX KEY: 0000823768 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 731309529 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39928 FILM NUMBER: 24568117 BUSINESS ADDRESS: STREET 1: 800 CAPITOL STREET, STE 3000 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135126200 MAIL ADDRESS: STREET 1: 800 CAPITOL STREET, STE 3000 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: USA WASTE SERVICES INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us94106l1098_012624.txt us94106l1098_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11) WASTE MANAGEMENT INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 94106L109 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 94106L109 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 25826390 (6) Shared voting power 0 (7) Sole dispositive power 28665838 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 28665838 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- WASTE MANAGEMENT INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 800 CAPITOL STREET, STE 3000 Houston TX 77002 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock