Waste Management, Inc. $WM Position Reduced by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lowered its holdings in Waste Management, Inc. (NYSE:WMFree Report) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,862 shares of the business services provider’s stock after selling 3,587 shares during the period. Union Bancaire Privee UBP SA’s holdings in Waste Management were worth $17,662,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in Waste Management in the 4th quarter worth about $1,022,916,000. Capital International Investors lifted its position in shares of Waste Management by 218.3% during the 3rd quarter. Capital International Investors now owns 1,369,805 shares of the business services provider’s stock worth $302,494,000 after purchasing an additional 939,455 shares during the last quarter. Holocene Advisors LP boosted its holdings in Waste Management by 163.7% in the 3rd quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider’s stock valued at $309,317,000 after purchasing an additional 869,453 shares during the period. Corient Private Wealth LLC raised its stake in shares of Waste Management by 279.0% in the fourth quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock valued at $236,387,000 after purchasing an additional 792,037 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in Waste Management by 3,209.2% in the third quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock valued at $150,466,000 after acquiring an additional 660,776 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of Waste Management stock opened at $226.12 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The company has a market cap of $90.80 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 2.33 and a beta of 0.45. The business has a 50 day moving average price of $220.19 and a 200-day moving average price of $224.89. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13.

Waste Management (NYSE:WMGet Free Report) last released its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the business posted $1.67 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts anticipate that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a $0.945 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.7%. Waste Management’s payout ratio is currently 54.70%.

Analyst Ratings Changes

Several equities research analysts have recently commented on WM shares. JPMorgan Chase & Co. boosted their target price on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Royal Bank Of Canada raised their price target on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. TD Cowen boosted their price objective on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wells Fargo & Company dropped their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Barclays increased their price objective on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $255.30.

Read Our Latest Report on WM

Waste Management Company Profile

(Free Report)

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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