Hsbc Holdings PLC Has $210.88 Million Position in Waste Management, Inc. $WM

Hsbc Holdings PLC boosted its holdings in Waste Management, Inc. (NYSE:WM) by 9.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 945,993 shares of the business services provider’s stock after purchasing an additional 79,669 shares during the quarter. Hsbc Holdings PLC owned about 0.24% of Waste Management worth $210,885,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bey Douglas LLC increased its position in Waste Management by 3.7% in the 4th quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock valued at $271,000 after buying an additional 44 shares in the last quarter. Physician Wealth Advisors Inc. increased its position in shares of Waste Management by 10.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 485 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 45 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Waste Management by 0.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,348 shares of the business services provider’s stock worth $1,395,000 after acquiring an additional 46 shares during the period. Cornerstone Advisory LLC raised its holdings in shares of Waste Management by 1.6% in the 1st quarter. Cornerstone Advisory LLC now owns 2,973 shares of the business services provider’s stock worth $683,000 after purchasing an additional 46 shares during the period. Finally, Coordinated Financial Services Inc. raised its stake in shares of Waste Management by 3.5% in the fourth quarter. Coordinated Financial Services Inc. now owns 1,386 shares of the business services provider’s stock valued at $305,000 after buying an additional 47 shares during the period. 80.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on WM. UBS Group boosted their price target on shares of Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Scotiabank raised their price target on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, July 16th. Royal Bank Of Canada lifted their price objective on shares of Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Citigroup boosted their target price on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Canadian Imperial Bank of Commerce downgraded shares of 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 given a Hold rating to the stock. Based on data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $258.89.

Waste Management Trading Down 0.0%

NYSE:WM opened at $218.90 on Monday. The company has a 50-day moving average price of $228.48 and a 200-day moving average price of $227.12. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. The stock has a market cap of $87.50 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 2.76 and a beta of 0.42. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the business earned $1.92 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts predict that Waste Management, Inc. will post 8.13 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.945 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.78 annualized dividend and a yield of 1.7%. Waste Management’s payout ratio is presently 53.54%.

Waste Management Company 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.