Waste Management, Inc. (NYSE:WM) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in Waste Management, Inc. (NYSE:WM) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,142 shares of the business services provider’s stock after selling 963 shares during the quarter. Vontobel Holding Ltd.’s holdings in Waste Management were worth $30,339,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Hexagon Capital Partners LLC raised its stake in Waste Management by 170.5% during the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after acquiring an additional 75 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Waste Management during the second quarter valued at approximately $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Waste Management during the 1st quarter worth approximately $35,000. Fairway Wealth LLC lifted its holdings in shares of Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Waste Management during the 2nd quarter valued at approximately $36,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Trading Down 0.3 %

Waste Management stock opened at $213.13 on Thursday. Waste Management, Inc. has a 1 year low of $153.95 and a 1 year high of $225.00. The firm’s 50 day moving average price is $207.98 and its two-hundred day moving average price is $208.45. The firm has a market cap of $85.53 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, meeting the consensus estimate of $1.82. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. Waste Management’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.51 earnings per share. On average, research analysts predict that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. Waste Management’s dividend payout ratio (DPR) is presently 47.69%.

Wall Street Analyst Weigh In

WM has been the topic of a number of recent research reports. Truist Financial cut their target price on Waste Management from $240.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Scotiabank initiated coverage on shares of Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price for the company. Oppenheimer cut their price target on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. CIBC lowered their target price on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Finally, William Blair began coverage on Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Twelve investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $218.89.

About Waste Management

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.