Waste Management, Inc. $WM Stock Holdings Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Waste Management, Inc. (NYSE:WM) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 777,222 shares of the business services provider’s stock after purchasing an additional 49,578 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Waste Management were worth $171,634,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of WM. Gladstone Institutional Advisory LLC raised its position in shares of Waste Management by 1.3% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 3,853 shares of the business services provider’s stock worth $851,000 after buying an additional 49 shares in the last quarter. Clean Yield Group boosted its holdings in shares of Waste Management by 6.7% in the third quarter. Clean Yield Group now owns 801 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 50 shares in the last quarter. Mendel Money Management increased its stake in shares of Waste Management by 1.8% during the third quarter. Mendel Money Management now owns 2,903 shares of the business services provider’s stock valued at $641,000 after acquiring an additional 50 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Waste Management by 1.2% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,419 shares of the business services provider’s stock worth $1,011,000 after purchasing an additional 51 shares in the last quarter. Finally, Canton Hathaway LLC lifted its position in Waste Management by 0.5% in the third quarter. Canton Hathaway LLC now owns 9,644 shares of the business services provider’s stock worth $2,130,000 after purchasing an additional 51 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WM shares. Stifel Nicolaus lifted their price target on Waste Management from $236.00 to $252.00 and gave the company a “buy” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. raised their target price on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. TD Cowen boosted their price target on shares of Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Oppenheimer increased their price objective on Waste Management from $263.00 to $264.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, Robert W. Baird raised shares of Waste Management from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $238.00 to $242.00 in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $253.55.

Waste Management Stock Up 2.6%

WM opened at $233.95 on Friday. The company has a market capitalization of $94.36 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.41 and a beta of 0.58. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The business has a 50-day moving average of $225.09 and a 200-day moving average of $219.40.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 EPS. Equities research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Insider Buying and Selling at Waste Management

In related news, SVP Rafael Carrasco sold 7,352 shares of Waste Management stock in a transaction on Friday, February 13th. The shares were sold at an average price of $234.50, for a total value of $1,724,044.00. Following the completion of the sale, the senior vice president owned 15,540 shares of the company’s stock, valued at approximately $3,644,130. The trade was a 32.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tara J. Hemmer sold 690 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $219.71, for a total transaction of $151,599.90. Following the transaction, the senior vice president directly owned 83,736 shares in the company, valued at $18,397,636.56. The trade was a 0.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 62,746 shares of company stock worth $14,470,494 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.