93,200 Shares of Waste Management, Inc. $WM Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Waste Management, Inc. (NYSE:WM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 93,200 shares of the business services provider’s stock, valued at approximately $19,005,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Main Street Group LTD bought a new stake in Waste Management during the first quarter worth $31,000. Balance Wealth Partners LLC bought a new stake in shares of Waste Management in the 3rd quarter worth $31,000. Cape Investment Advisory Inc. purchased a new stake in shares of Waste Management in the second quarter valued at about $36,000. Markowski Investments bought a new position in shares of Waste Management during the second quarter valued at about $38,000. Finally, Bogart Wealth LLC lifted its position in shares of Waste Management by 93.5% during the first quarter. Bogart Wealth LLC now owns 180 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 87 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Waste Management

In related news, CAO John Carroll sold 1,365 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $219.90, for a total transaction of $300,163.50. Following the sale, the chief accounting officer owned 3,509 shares of the company’s stock, valued at approximately $771,629.10. This represents a 28.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

WM has been the subject of a number of recent analyst reports. UBS Group upped their price objective on shares of Waste Management from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on Waste Management from $235.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Raymond James Financial set a $251.00 price objective on Waste Management in a research note on Thursday, October 29th. Barclays raised their target price on Waste Management from $277.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Finally, BNP Paribas Exane decreased their price objective on shares of Waste Management from $248.00 to $245.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $257.89.

Waste Management Stock Performance

Shares of WM stock opened at $234.44 on Wednesday. The firm’s 50 day moving average is $218.29 and its 200 day moving average is $225.32. The stock has a market capitalization of $93.22 billion, a P/E ratio of 30.77, a PEG ratio of 3.09 and a beta of 0.38. Waste Management, Inc. has a 12 month low of $197.46 and a 12 month high of $248.13. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 2.21.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, October 27th. The business services provider reported $2.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.03). The business had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $6.81 billion. Waste Management had a net margin of 11.78% and a return on equity of 31.97%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.98 EPS. On average, sell-side analysts anticipate that Waste Management, Inc. will post 8.05 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a dividend of $0.9450 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, September 11th. Waste Management’s payout ratio is presently 49.61%.

About Waste Management

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.