Waste Management, Inc. (NYSE:WM) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 6.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,569 shares of the business services provider's stock after buying an additional 3,393 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Waste Management were worth $12,732,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its holdings in shares of Waste Management by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider's stock worth $781,000 after acquiring an additional 44 shares during the period. Ascent Group LLC raised its holdings in shares of Waste Management by 0.6% during the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider's stock valued at $1,520,000 after buying an additional 44 shares during the last quarter. Insight Wealth Strategies LLC grew its holdings in Waste Management by 0.4% in the 1st quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider's stock worth $2,698,000 after buying an additional 44 shares in the last quarter. Covestor Ltd increased its position in Waste Management by 8.2% in the 4th quarter. Covestor Ltd now owns 609 shares of the business services provider's stock valued at $123,000 after acquiring an additional 46 shares during the period. Finally, KRS Capital Management LLC boosted its position in Waste Management by 3.1% during the 1st quarter. KRS Capital Management LLC now owns 1,548 shares of the business services provider's stock worth $358,000 after acquiring an additional 46 shares during the period. Institutional investors own 80.40% of the company's stock.

Waste Management Trading Up 0.6%

Shares of NYSE:WM opened at $228.14 on Monday. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $242.58. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $91.81 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 3.02 and a beta of 0.66. The firm has a fifty day moving average of $233.03 and a two-hundred day moving average of $224.52.

Waste Management (NYSE:WM - Get Free Report) last issued its earnings results on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.08. The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.14 billion. Waste Management had a return on equity of 35.67% and a net margin of 11.67%. The business's quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 earnings per share. On average, equities analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.45%. The ex-dividend date was Friday, June 6th. Waste Management's dividend payout ratio is 49.77%.

Analyst Ratings Changes

Several research firms recently weighed in on WM. National Bank Financial raised shares of Waste Management to a "hold" rating in a report on Monday, May 26th. Melius initiated coverage on shares of Waste Management in a research note on Monday, June 9th. They set a "buy" rating on the stock. Robert W. Baird upped their target price on Waste Management from $235.00 to $245.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Hsbc Global Res upgraded Waste Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, HSBC raised Waste Management from a "hold" rating to a "buy" rating and raised their target price for the company from $210.00 to $265.00 in a research note on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $251.00.

Insider Transactions at Waste Management

In other Waste Management news, CFO Devina A. Rankin sold 57,888 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the completion of the transaction, the chief financial officer now owns 83,934 shares of the company's stock, valued at $19,922,574.24. The trade was a 40.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rafael Carrasco sold 674 shares of Waste Management stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total value of $159,609.94. Following the completion of the transaction, the senior vice president now owns 16,542 shares in the company, valued at $3,917,311.02. The trade was a 3.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Waste Management 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.

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