Tokio Marine Asset Management Co. Ltd. Acquires 733 Shares of Waste Management, Inc. (NYSE:WM)

Tokio Marine Asset Management Co. Ltd. raised its stake in Waste Management, Inc. (NYSE:WM) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,087 shares of the business services provider’s stock after buying an additional 733 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Waste Management were worth $2,302,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WM. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Waste Management in the 2nd quarter valued at approximately $31,000. Fairway Wealth LLC boosted its holdings in Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Waste Management in the second quarter valued at $36,000. Fairscale Capital LLC acquired a new stake in Waste Management in the 2nd quarter valued at $39,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Waste Management by 67.2% during the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock worth $42,000 after buying an additional 80 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WM shares. Scotiabank initiated coverage on Waste Management in a research report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 target price on the stock. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. William Blair initiated coverage on Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird cut their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $226.11.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $221.72 on Friday. The firm has a 50-day moving average price of $211.08 and a two-hundred day moving average price of $209.55. Waste Management, Inc. has a 12-month low of $168.73 and a 12-month high of $226.84. The company has a market capitalization of $88.99 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.38 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 earnings per share. Analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.35%. Waste Management’s dividend payout ratio is 45.87%.

About Waste Management

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.