J. Safra Sarasin Holding AG Grows Holdings in Waste Management, Inc. $WM

J. Safra Sarasin Holding AG raised its position in Waste Management, Inc. (NYSE:WM) by 107.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,250 shares of the business services provider’s stock after buying an additional 1,166 shares during the period. J. Safra Sarasin Holding AG’s holdings in Waste Management were worth $515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WM. Westend Capital Management LLC increased its holdings in Waste Management by 126.9% in the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after buying an additional 66 shares in the last quarter. West Branch Capital LLC increased its holdings in Waste Management by 69.0% in the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after buying an additional 49 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Waste Management during the first quarter worth about $37,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Waste Management during the first quarter worth about $38,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Waste Management during the first quarter worth about $45,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE:WM opened at $219.77 on Friday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The firm has a market capitalization of $88.53 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.68 and a beta of 0.64. The company’s 50-day moving average is $224.29 and its two-hundred day moving average is $228.26. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58.

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

Waste Management Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a research note on Saturday, September 27th. Melius assumed coverage on shares of Waste Management in a research note on Monday, June 9th. They set a “buy” rating for the company. UBS Group boosted their target price on shares of Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. William Blair reissued an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Finally, Stifel Nicolaus began coverage on shares of Waste Management in a research note on Tuesday, September 30th. They set a “buy” rating and a $252.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $255.17.

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.