Significant ETF Withdrawals: USMV, MCK, COR, WM
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
0mins
Source: NASDAQ.COM
52-Week Range of USMV: The USMV ETF has a 52-week low of $83.99 and a high of $95.59, with the last trade recorded at $94.31.
Understanding ETFs: Exchange-traded funds (ETFs) function like stocks, where investors buy and sell "units" that can be created or destroyed based on demand.
Monitoring ETF Flows: Weekly monitoring of shares outstanding helps identify ETFs with significant inflows (new units created) or outflows (units destroyed), impacting the underlying assets.
Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
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Analyst Views on WM
Wall Street analysts forecast WM stock price to rise
20 Analyst Rating
15 Buy
5 Hold
0 Sell
Strong Buy
Current: 217.750
Low
223.00
Averages
247.61
High
266.00
Current: 217.750
Low
223.00
Averages
247.61
High
266.00
About WM
Waste Management, Inc. is a provider of environmental solutions. The Company provides collection, recycling, and disposal services to millions of residential, commercial, industrial, and municipal customers throughout the United States and Canada. Its segments include East Tier, West Tier, Recycling Processing and Sales, WM Renewable Energy, and WM Healthcare Solutions. East Tier primarily consists of geographic areas located in the Eastern U.S., the Great Lakes region and all of Canada. The West Tier primarily includes geographic areas located in the Western U.S., including the upper Midwest region and British Columbia, Canada. Recycling Processing and Sales includes the processing and sales of materials collected from residential, commercial, and industrial customers. WM Renewable Energy develops, operates, and promotes projects for the beneficial use of landfill gas. WM Healthcare Solutions includes Regulated Waste and Compliance Services and Secure Information Destruction services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Wealth Donation Plan: Bill Gates plans to donate nearly all of his wealth over the next 20 years, with the foundation expected to spend over $200 billion during this period, reflecting his ongoing commitment to combat global poverty and disease.
- Portfolio Structure: The Gates Foundation trust fund is primarily composed of value stocks, with Microsoft remaining a significant holding; despite recent share sales, Gates retains approximately $43 billion in Microsoft stock.
- Berkshire Hathaway Holdings: The foundation's largest position is in Berkshire Hathaway Class B shares, which account for 25% of the portfolio, bolstered by Warren Buffett's annual donations, ensuring a steady influx of funds for the foundation.
- WM Company Performance: WM, the second-largest holding in the foundation's portfolio at 18%, benefits from its strong market position and sustainable business initiatives, leading to margin improvements despite challenges posed by climate change.
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- Investment Strategy Shift: The Gates Foundation's investment managers are favoring value stocks over growth stocks, with two primary value stocks trading around fair value, indicating a preference for stable returns that may enhance the fund's long-term financial stability.
- Microsoft Share Donation Plan: Gates plans to donate nearly all of his Microsoft shares over the next 20 years, currently holding 103 million shares worth about $43 billion, which will reduce the fund's reliance on Microsoft while providing more capital to support its philanthropic mission.
- Berkshire Hathaway's Continued Investment: Berkshire Hathaway Class B shares account for about 25% of the fund's portfolio, benefiting from Warren Buffett's annual donations; despite high spending requirements, the fund has managed to retain a significant number of shares, reflecting a strong commitment to value investing.
- WM's Market Position: WM, formerly Waste Management, constitutes about 18% of the fund, leveraging its 262 active landfills and strong scale advantages, with EBITDA margins reaching 29.8% last quarter, showcasing growth potential in sustainable energy and medical waste, although its current P/E ratio of nearly 27 suggests a premium price for its competitive advantages.
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- Agricultural Equipment Outlook: The USDA forecasts farm profits will reach $153.4 billion by 2026, stabilizing at high levels, suggesting Deere & Company's equipment sales may achieve mid-single-digit growth, driving a cyclical recovery in the industry.
- Waste Management Growth: Waste Management reported $25.2 billion in revenue last year, a 14% increase, and is poised to benefit from rising domestic consumer demand, with the global waste management market projected to grow to $426 billion by 2050.
- Diversified Investment Opportunities: Illinois Tool Works focuses on long-term strategies, and despite a 17% drop in stock price recently, its low-capital-cost product lineup positions it as one of the first beneficiaries of any industrial investment uptick, expected to continue stable revenue and profit growth.
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Signs of Recovery in Agricultural Machinery Sector
- Agricultural Machinery Outlook: The USDA forecasts that U.S. farms will achieve combined profits of $153.4 billion by 2026, stabilizing at 2025 levels, indicating a potential cyclical turnaround for the agricultural machinery sector after years of delayed equipment replacements.
- Industrial Activity Rebound: Domestic industrial production in the U.S. hit a six-year high in April, signaling a recovery in economic activity that could create a favorable market environment for manufacturers like Deere & Company, potentially driving sales growth.
- Waste Management Industry Potential: WM reported $25.2 billion in revenue for 2022, a 14% increase, and with global population growth and rising waste management needs, the municipal waste management market is expected to grow from $250 billion to $426 billion by 2050, positioning WM to capture significant market share.
- Illinois Tool Works Strategy: Illinois Tool Works focuses on long-term strategies, and despite facing short-term challenges, analysts expect it to continue achieving steady single-digit revenue growth, accompanied by faster profit growth, highlighting its potential benefits from a rebound in industrial investments.
See More
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- Carvana Earnings Highlights: Carvana reported a 58% year-over-year revenue growth in Q4, reaching $5.6 billion, although its EBITDA of $511 million fell short of the expected $535.7 million, indicating strong revenue growth potential despite high cost pressures.
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- Long-term Investment Returns: WM has outperformed the S&P 500 over the past decade, and despite recent spending pressures from its entry into the medical waste sector, its 23 consecutive years of per-share dividend growth and ongoing stock buybacks provide a stable return outlook for investors.
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Stock Price Update: Raymond James has raised the target price for Waste Management's stock to $243 from $238.
See More
Bill Gates Foundation Investment Insights
- Wealth Donation Plan: Bill Gates plans to donate nearly all of his wealth over the next 20 years, with the foundation expected to spend over $200 billion during this period, reflecting his ongoing commitment to combat global poverty and disease.
- Portfolio Structure: The Gates Foundation trust fund is primarily composed of value stocks, with Microsoft remaining a significant holding; despite recent share sales, Gates retains approximately $43 billion in Microsoft stock.
- Berkshire Hathaway Holdings: The foundation's largest position is in Berkshire Hathaway Class B shares, which account for 25% of the portfolio, bolstered by Warren Buffett's annual donations, ensuring a steady influx of funds for the foundation.
- WM Company Performance: WM, the second-largest holding in the foundation's portfolio at 18%, benefits from its strong market position and sustainable business initiatives, leading to margin improvements despite challenges posed by climate change.
See More
Gates Foundation Shifts Focus to Value Stocks
- Investment Strategy Shift: The Gates Foundation's investment managers are favoring value stocks over growth stocks, with two primary value stocks trading around fair value, indicating a preference for stable returns that may enhance the fund's long-term financial stability.
- Microsoft Share Donation Plan: Gates plans to donate nearly all of his Microsoft shares over the next 20 years, currently holding 103 million shares worth about $43 billion, which will reduce the fund's reliance on Microsoft while providing more capital to support its philanthropic mission.
- Berkshire Hathaway's Continued Investment: Berkshire Hathaway Class B shares account for about 25% of the fund's portfolio, benefiting from Warren Buffett's annual donations; despite high spending requirements, the fund has managed to retain a significant number of shares, reflecting a strong commitment to value investing.
- WM's Market Position: WM, formerly Waste Management, constitutes about 18% of the fund, leveraging its 262 active landfills and strong scale advantages, with EBITDA margins reaching 29.8% last quarter, showcasing growth potential in sustainable energy and medical waste, although its current P/E ratio of nearly 27 suggests a premium price for its competitive advantages.
See More
U.S. Industrial Activity Rebounds, Uncovering Investment Opportunities
- Industrial Production Surge: The U.S. industrial production index hit a six-year high in April, indicating a rebound in domestic industrial activity that is expected to enhance corporate production control and mitigate geopolitical risks.
- Agricultural Equipment Outlook: The USDA forecasts farm profits will reach $153.4 billion by 2026, stabilizing at high levels, suggesting Deere & Company's equipment sales may achieve mid-single-digit growth, driving a cyclical recovery in the industry.
- Waste Management Growth: Waste Management reported $25.2 billion in revenue last year, a 14% increase, and is poised to benefit from rising domestic consumer demand, with the global waste management market projected to grow to $426 billion by 2050.
- Diversified Investment Opportunities: Illinois Tool Works focuses on long-term strategies, and despite a 17% drop in stock price recently, its low-capital-cost product lineup positions it as one of the first beneficiaries of any industrial investment uptick, expected to continue stable revenue and profit growth.
See More
Signs of Recovery in Agricultural Machinery Sector
- Agricultural Machinery Outlook: The USDA forecasts that U.S. farms will achieve combined profits of $153.4 billion by 2026, stabilizing at 2025 levels, indicating a potential cyclical turnaround for the agricultural machinery sector after years of delayed equipment replacements.
- Industrial Activity Rebound: Domestic industrial production in the U.S. hit a six-year high in April, signaling a recovery in economic activity that could create a favorable market environment for manufacturers like Deere & Company, potentially driving sales growth.
- Waste Management Industry Potential: WM reported $25.2 billion in revenue for 2022, a 14% increase, and with global population growth and rising waste management needs, the municipal waste management market is expected to grow from $250 billion to $426 billion by 2050, positioning WM to capture significant market share.
- Illinois Tool Works Strategy: Illinois Tool Works focuses on long-term strategies, and despite facing short-term challenges, analysts expect it to continue achieving steady single-digit revenue growth, accompanied by faster profit growth, highlighting its potential benefits from a rebound in industrial investments.
See More
Growth Investment Opportunities Amid Market Volatility
- Carvana Earnings Highlights: Carvana reported a 58% year-over-year revenue growth in Q4, reaching $5.6 billion, although its EBITDA of $511 million fell short of the expected $535.7 million, indicating strong revenue growth potential despite high cost pressures.
- Block Stock Analysis: While Block's stock has stagnated since its pandemic peak, analysts overwhelmingly rate it as a strong buy, with a 12-month price target of $87.27, suggesting a 25% upside from current levels, reflecting confidence in its future growth.
- WM's Market Position: Waste Management holds a significant position in the U.S. waste management market with over 260 landfills and 500 transfer facilities, and as waste generation continues to rise, the company is poised to benefit from increasing demand.
- Long-term Investment Returns: WM has outperformed the S&P 500 over the past decade, and despite recent spending pressures from its entry into the medical waste sector, its 23 consecutive years of per-share dividend growth and ongoing stock buybacks provide a stable return outlook for investors.
See More
WASTE MANAGEMENT INC: RAYMOND JAMES INCREASES TARGET PRICE FROM $238 TO $243
Company Overview: Waste Management Inc. is a leading provider of waste management services in North America.
Stock Price Update: Raymond James has raised the target price for Waste Management's stock to $243 from $238.
See More
