MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Holdings in Waste Management, Inc. (NYSE:WM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,633 shares of the business services provider’s stock after buying an additional 4,782 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Waste Management were worth $20,307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of WM. Barclays PLC lifted its holdings in shares of Waste Management by 12.8% during the 3rd quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock valued at $505,175,000 after purchasing an additional 276,287 shares during the last quarter. Brookstone Capital Management raised its stake in Waste Management by 0.7% in the fourth quarter. Brookstone Capital Management now owns 27,456 shares of the business services provider’s stock valued at $5,540,000 after buying an additional 204 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in Waste Management by 10.4% in the fourth quarter. Moody National Bank Trust Division now owns 2,514 shares of the business services provider’s stock worth $507,000 after acquiring an additional 236 shares in the last quarter. Marcum Wealth LLC increased its holdings in shares of Waste Management by 6.8% during the fourth quarter. Marcum Wealth LLC now owns 1,874 shares of the business services provider’s stock valued at $378,000 after acquiring an additional 120 shares in the last quarter. Finally, Signal Advisors Wealth LLC raised its position in shares of Waste Management by 5.0% in the 4th quarter. Signal Advisors Wealth LLC now owns 4,449 shares of the business services provider’s stock valued at $898,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Activity at Waste Management

In other Waste Management news, CEO James C. Fish, Jr. sold 44,405 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $228.43, for a total transaction of $10,143,434.15. Following the sale, the chief executive officer now directly owns 211,061 shares in the company, valued at $48,212,664.23. This represents a 17.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Devina A. Rankin sold 4,126 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $228.11, for a total value of $941,181.86. Following the sale, the chief financial officer now directly owns 62,639 shares in the company, valued at $14,288,582.29. This represents a 6.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,522 shares of company stock worth $18,084,124. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on WM shares. Morgan Stanley boosted their target price on shares of Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Waste Management in a research report on Tuesday, April 29th. Hsbc Global Res upgraded Waste Management from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Oppenheimer raised their price objective on Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, CIBC lifted their target price on Waste Management from $227.00 to $247.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average price target of $243.29.

Waste Management Stock Performance

Shares of Waste Management stock opened at $222.07 on Thursday. The business’s fifty day simple moving average is $228.22 and its 200-day simple moving average is $221.38. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. The firm has a market cap of $89.36 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 2.71 and a beta of 0.67. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $239.32.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.08. The business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $6.14 billion. Waste Management had a net margin of 12.45% and a return on equity of 37.93%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the business earned $1.75 earnings per share. Equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.825 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.49%. Waste Management’s payout ratio is presently 49.77%.

Waste Management Company Profile

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.