5 Stocks to Buy and Hold According to Bill Gates

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1. Waste Management, Inc. (NYSE:WM)

Gates’ Stake Value: $2.6 billion

Percentage of Bill & Melinda Gates’ 13F Portfolio: 10.93%

Number of Hedge Fund Holders: 39

Waste Management, Inc. (NYSE:WM) is a provider of waste management environmental services to residential, commercial, industrial, and municipal customers in North America. The company has a market capitalization of $64.64 billion and is ranked first on the list of the 10 stocks to buy and hold according to Bill Gates.

Bill & Melinda Gates Foundation Trust currently holds 18.6 million shares of Waste Management, Inc. (NYSE:WM), worth more than $2.6 billion and accounting for 10.93% of the foundation’s total investment portfolio. By the end of the second quarter of 2021, 39 hedge funds out of the 873 tracked by Insider Monkey held stakes in Waste Management, Inc. (NYSE:WM) worth roughly $3.6 billion. This is compared to 32 hedge funds in the previous quarter with a total stake value of approximately $3.29 billion.

The company released its quarterly earnings report for the second quarter of 2021, with reported earnings per share at $1.27, beating market estimates by $0.08. Additionally, the company reported revenues of $4.48 billion, surpassing forecast estimates by $237.69 million.

On July 29, Deutsche Bank analyst Kyle White raised the firm’s price target on Waste Management to $152 from $138 and kept a Hold rating on the shares.

You can also take a look at 20 Best Places to Invest in Rental Property in 2021 and  10 Best Robinhood Stocks Under $20

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