Union Bancaire Privee UBP SA Sells 3,587 Shares of Waste Management, Inc. $WM

Union Bancaire Privee UBP SA reduced its stake in shares of Waste Management, Inc. (NYSE:WM) by 4.5% during the first quarter, Holdings Channel reports. 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 filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in WM. Broadway Wealth Solutions Inc. grew its holdings in Waste Management by 2.8% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock valued at $349,000 after buying an additional 44 shares in the last quarter. Bey Douglas LLC grew its position in Waste Management by 3.7% in the fourth quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock worth $271,000 after acquiring an additional 44 shares in the last quarter. San Luis Wealth Advisors LLC lifted its position in Waste Management by 2.4% in the fourth quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock worth $422,000 after buying an additional 45 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its stake in shares of Waste Management by 0.7% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock worth $1,341,000 after purchasing an additional 45 shares during the period. Finally, Cassaday & Co Wealth Management LLC grew its stake in shares of Waste Management by 1.9% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock valued at $527,000 after buying an additional 45 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WM shares. Weiss Ratings lowered shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Barclays boosted their price objective on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Wells Fargo & Company dropped their price target on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Royal Bank Of Canada raised their target price on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Finally, Robert W. Baird lifted their price objective on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $255.30.

Waste Management Stock Up 1.4%

WM 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. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. 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 company has a 50-day moving average price of $220.19 and a 200 day moving average price of $224.89.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. Sell-side analysts expect that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a dividend of $0.945 per share. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is presently 54.70%.

Waste Management Profile

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.