Waste Management, Inc. $WM Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its holdings in Waste Management, Inc. (NYSE:WM) by 30.8% during the second quarter, HoldingsChannel.com reports. The firm owned 405,298 shares of the business services provider’s stock after buying an additional 95,400 shares during the period. Vontobel Holding Ltd.’s holdings in Waste Management were worth $92,740,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Ameriprise Financial Inc. raised its position in shares of Waste Management by 30.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after purchasing an additional 1,239,996 shares in the last quarter. Northern Trust Corp raised its position in shares of Waste Management by 1.8% in the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider’s stock valued at $941,709,000 after purchasing an additional 70,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Waste Management by 26.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock valued at $774,000,000 after purchasing an additional 709,557 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Waste Management by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,462,903 shares of the business services provider’s stock valued at $570,108,000 after purchasing an additional 36,836 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Waste Management by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,181,924 shares of the business services provider’s stock valued at $505,137,000 after acquiring an additional 29,715 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Trading Up 1.1%

NYSE:WM opened at $220.00 on Thursday. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The stock has a market cap of $88.62 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 2.66 and a beta of 0.64. The business has a fifty day moving average of $223.47 and a 200-day moving average of $228.09. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter in the prior year, the business posted $1.82 earnings per share. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s dividend payout ratio is presently 48.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays assumed coverage on Waste Management in a research report on Friday, September 19th. They set an “overweight” rating and a $272.00 price target on the stock. Scotiabank upped their price target on Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 31st. BMO Capital Markets upped their price target on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research report on Wednesday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a research report on Wednesday. Finally, Erste Group Bank downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $254.37.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.