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City Holding Co. boosted its Waste Management stake to $11.55 million, as WM posted strong earnings and raised revenue.
City Holding Co. increased its stake in Waste Management (WM) by 3.2% in Q2, now holding 50,492 shares worth $11.55 million, making it the 11th largest holding.
The company reported strong Q2 earnings of $1.92 EPS, beating estimates by $0.03, with $6.43 billion in revenue, up 19% year-over-year.
Waste Management, which operates in the U.S. and Canada, pays a $0.825 quarterly dividend, yielding 1.5%, and has a market cap of $88.12 billion.
Analysts rate the stock a “Moderate Buy” with a $255.17 target.
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City Holding Co. aumentó su participación en Waste Management a $11.55 millones, ya que WM registró fuertes ganancias y aumentó sus ingresos.