Waste Management, Inc. (NYSE:WM) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,243 shares of the business services provider’s stock after buying an additional 156 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Waste Management were worth $2,269,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC increased its stake in Waste Management by 0.8% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 278,185 shares of the business services provider’s stock worth $56,135,000 after purchasing an additional 2,127 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Waste Management by 7.1% during the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after acquiring an additional 280,455 shares during the period. Trium Capital LLP lifted its position in shares of Waste Management by 33.6% in the 3rd quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after acquiring an additional 3,029 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Waste Management by 77.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock worth $2,553,000 after purchasing an additional 5,367 shares during the period. Finally, Principal Financial Group Inc. grew its position in Waste Management by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 480,534 shares of the business services provider’s stock worth $99,759,000 after purchasing an additional 28,266 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Stock Down 1.0 %

Shares of NYSE:WM opened at $220.10 on Monday. Waste Management, Inc. has a 52 week low of $184.72 and a 52 week high of $230.39. The company has a market capitalization of $88.34 billion, a PE ratio of 32.37, a P/E/G ratio of 2.20 and a beta of 0.77. The company’s fifty day moving average is $212.19 and its 200-day moving average is $211.32. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Equities research analysts predict that Waste Management, Inc. will post 7.99 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is 44.12%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Argus upped their price target on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Scotiabank raised Waste Management from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $225.00 to $250.00 in a research report on Monday, January 27th. CIBC raised their price target on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. StockNews.com lowered Waste Management from a “buy” rating to a “hold” rating in a report on Friday. Finally, BMO Capital Markets boosted their target price on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and a consensus target price of $232.61.

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.