Waste Management, Inc. $WM Shares Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lifted its stake in Waste Management, Inc. (NYSE:WM) by 107.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,250 shares of the business services provider’s stock after purchasing an additional 1,166 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Waste Management were worth $515,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Lecap Asset Management Ltd. acquired a new position in shares of Waste Management in the 2nd quarter worth approximately $206,000. ASR Vermogensbeheer N.V. increased its stake in Waste Management by 29.7% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 41,610 shares of the business services provider’s stock worth $9,521,000 after buying an additional 9,524 shares during the period. Warren Street Wealth Advisors LLC increased its stake in Waste Management by 8.9% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 1,045 shares of the business services provider’s stock worth $239,000 after buying an additional 85 shares during the period. Naples Global Advisors LLC increased its stake in Waste Management by 1.1% during the 2nd quarter. Naples Global Advisors LLC now owns 14,646 shares of the business services provider’s stock worth $3,351,000 after buying an additional 154 shares during the period. Finally, Parsons Capital Management Inc. RI increased its stake in Waste Management by 1.9% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 10,522 shares of the business services provider’s stock worth $2,408,000 after buying an additional 195 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Up 1.3%

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’s fifty day moving average price is $224.29 and its 200 day moving average price is $228.26. The company has a market capitalization of $88.53 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58.

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

Waste Management Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WM. Oppenheimer upped their target price on shares of Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a research note on Saturday, September 27th. Scotiabank increased their price objective on shares of Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 31st. Finally, BMO Capital Markets increased their price objective on shares of Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.