Tokio Marine Asset Management Co. Ltd. Acquires 1,233 Shares of Waste Management, Inc. (NYSE:WM)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Waste Management, Inc. (NYSE:WMFree Report) by 14.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,895 shares of the business services provider’s stock after purchasing an additional 1,233 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Waste Management were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of WM. Integrated Wealth Concepts LLC grew its stake in Waste Management by 8.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider’s stock valued at $4,407,000 after buying an additional 2,272 shares during the last quarter. Birch Hill Investment Advisors LLC grew its position in Waste Management by 5.5% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock worth $1,132,000 after purchasing an additional 332 shares during the last quarter. International Assets Investment Management LLC grew its position in Waste Management by 13,927.7% in the 4th quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock worth $90,319,000 after purchasing an additional 500,701 shares during the last quarter. Pacer Advisors Inc. grew its position in Waste Management by 93.0% in the 4th quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider’s stock worth $8,348,000 after purchasing an additional 22,455 shares during the last quarter. Finally, DSM Capital Partners LLC acquired a new stake in Waste Management in the 4th quarter worth $38,000. Institutional investors own 80.40% of the company’s stock.

Insider Activity

In related news, VP Michael J. Watson sold 4,208 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the transaction, the vice president now owns 45,644 shares in the company, valued at $9,324,156.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WM shares. Raymond James lifted their target price on shares of Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. TD Cowen lifted their target price on shares of Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of Waste Management in a research report on Wednesday, May 22nd. They set a “buy” rating and a $241.00 target price on the stock. Robert W. Baird lifted their target price on shares of Waste Management from $214.00 to $222.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus lifted their price target on shares of Waste Management from $215.00 to $227.00 and gave the company a “buy” rating in a report on Friday, April 26th. Eleven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.61.

Get Our Latest Stock Report on Waste Management

Waste Management Stock Up 0.1 %

Shares of NYSE WM opened at $210.33 on Monday. The stock has a market cap of $84.36 billion, a P/E ratio of 34.42, a P/E/G ratio of 2.45 and a beta of 0.74. The firm has a 50 day moving average price of $208.06 and a 200 day moving average price of $201.18. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a 52-week low of $149.71 and a 52-week high of $214.54.

Waste Management (NYSE:WMGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.23. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.31 earnings per share. Analysts expect that Waste Management, Inc. will post 7.31 EPS for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, June 7th. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

About Waste Management

(Free Report)

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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