Waste Management, Inc. $WM is Vontobel Holding Ltd.’s 8th Largest Position

Vontobel Holding Ltd. cut its stake in shares of Waste Management, Inc. (NYSE:WM) by 18.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,375,932 shares of the business services provider’s stock after selling 550,681 shares during the period. Waste Management comprises approximately 1.7% of Vontobel Holding Ltd.’s investment portfolio, making the stock its 8th largest holding. Vontobel Holding Ltd.’s holdings in Waste Management were worth $529,548,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Elevated Capital Advisors LLC bought a new position in shares of Waste Management during the fourth quarter valued at about $25,000. RHL Group LLC purchased a new position in Waste Management during the fourth quarter worth about $29,000. Financial Network Wealth Advisors LLC grew its position in Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after purchasing an additional 47 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in Waste Management in the 4th quarter valued at about $29,000. Finally, JPL Wealth Management LLC bought a new position in shares of Waste Management during the 3rd quarter worth approximately $30,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $224.73 on Monday. The firm has a market cap of $89.83 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 2.76 and a beta of 0.44. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The company’s 50 day moving average is $227.62 and its 200-day moving average is $227.86. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13.

Waste Management (NYSE:WM) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the business earned $1.92 EPS. Waste Management’s revenue was up 4.0% compared to the same quarter last year. Sell-side analysts predict that Waste Management, Inc. will post 8.14 earnings per share for the current year.

Analyst Ratings Changes

WM has been the subject of several recent analyst reports. Barclays upped their target price on Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Weiss Ratings upgraded Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 7th. TD Cowen boosted their price objective on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. UBS Group raised their target price on Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Finally, Canadian Imperial Bank of Commerce cut Waste Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $258.89.

About Waste Management

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.