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

Vontobel Holding Ltd. lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 30.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 405,298 shares of the business services provider’s stock after buying an additional 95,400 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.10% of Waste Management worth $92,740,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westend Capital Management LLC raised its stake in shares of Waste Management by 126.9% during the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after buying an additional 66 shares during the last quarter. West Branch Capital LLC increased its position in Waste Management by 69.0% during the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after purchasing an additional 49 shares in the last quarter. Saudi Central Bank purchased a new stake in Waste Management during the 1st quarter worth about $37,000. GKV Capital Management Co. Inc. purchased a new stake in Waste Management during the 1st quarter worth about $38,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Waste Management during the 1st quarter worth about $45,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Scotiabank lifted their price objective on Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 31st. Barclays began coverage on Waste Management in a research report on Friday, September 19th. They set an “overweight” rating and a $272.00 price objective for the company. Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a report on Wednesday. Erste Group Bank cut Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Finally, Stifel Nicolaus began coverage on Waste Management in a report on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $254.37.

Waste Management Stock Up 1.1%

Shares of NYSE:WM opened at $220.00 on Thursday. 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, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The stock has a market capitalization of $88.62 billion, a P/E ratio of 32.64, a PEG ratio of 2.66 and a beta of 0.64. The stock has a 50-day simple moving average of $223.47 and a 200-day simple moving average of $228.09.

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

Waste Management Announces Dividend

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

Waste Management 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.