Nomura Asset Management Co. Ltd. Acquires 748 Shares of Waste Management, Inc. (NYSE:WM)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Waste Management, Inc. (NYSE:WMFree Report) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,861 shares of the business services provider’s stock after purchasing an additional 748 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Waste Management were worth $16,290,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Acadian Asset Management LLC increased its holdings in Waste Management by 534.5% in the first quarter. Acadian Asset Management LLC now owns 3,344 shares of the business services provider’s stock worth $530,000 after purchasing an additional 2,817 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Waste Management by 0.7% in the first quarter. Blair William & Co. IL now owns 53,067 shares of the business services provider’s stock valued at $8,411,000 after buying an additional 370 shares during the period. Baird Financial Group Inc. raised its stake in shares of Waste Management by 0.6% in the first quarter. Baird Financial Group Inc. now owns 358,624 shares of the business services provider’s stock valued at $56,842,000 after buying an additional 2,309 shares during the period. Covestor Ltd raised its stake in shares of Waste Management by 83.8% during the 1st quarter. Covestor Ltd now owns 680 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 310 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of Waste Management by 44.8% in the 1st quarter. NewEdge Advisors LLC now owns 33,030 shares of the business services provider’s stock worth $5,234,000 after purchasing an additional 10,212 shares in the last quarter. 78.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Waste Management news, VP Michael J. Watson sold 14,288 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $170.44, for a total value of $2,435,246.72. Following the sale, the vice president now directly owns 41,428 shares in the company, valued at $7,060,988.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Tara J. Hemmer sold 10,048 shares of Waste Management stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $171.19, for a total transaction of $1,720,117.12. Following the sale, the senior vice president now owns 49,099 shares in the company, valued at $8,405,257.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael J. Watson sold 14,288 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $170.44, for a total value of $2,435,246.72. Following the completion of the transaction, the vice president now owns 41,428 shares in the company, valued at approximately $7,060,988.32. The disclosure for this sale can be found here. In the last three months, insiders sold 55,833 shares of company stock worth $9,750,104. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

WM has been the subject of several research reports. Royal Bank of Canada increased their target price on Waste Management from $160.00 to $163.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 26th. Wolfe Research initiated coverage on Waste Management in a report on Tuesday, October 17th. They set a “peer perform” rating on the stock. Scotiabank reduced their target price on Waste Management from $177.50 to $165.00 in a report on Tuesday, October 10th. StockNews.com began coverage on Waste Management in a research report on Thursday, October 5th. They set a “buy” rating for the company. Finally, Stifel Nicolaus boosted their price target on Waste Management from $183.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $181.29.

Read Our Latest Stock Report on WM

Waste Management Price Performance

Shares of NYSE:WM traded up $0.71 during trading on Friday, hitting $185.81. 1,230,930 shares of the company’s stock were exchanged, compared to its average volume of 1,433,354. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.84 and a quick ratio of 0.80. Waste Management, Inc. has a 52-week low of $148.31 and a 52-week high of $186.40. The business’s 50-day simple moving average is $176.92 and its 200 day simple moving average is $166.81. The company has a market cap of $74.84 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 2.68 and a beta of 0.71.

Waste Management (NYSE:WMGet Free Report) last issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.27 billion. Waste Management had a return on equity of 34.14% and a net margin of 11.47%. Waste Management’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $1.56 EPS. As a group, equities analysts predict that Waste Management, Inc. will post 5.98 EPS for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.70 dividend. The ex-dividend date was Thursday, November 30th. This represents a $2.80 annualized dividend and a dividend yield of 1.51%. Waste Management’s dividend payout ratio is presently 49.56%.

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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