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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Waste Management, Inc. (NYSE:WM - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,633 shares of the business services provider's stock after acquiring an additional 4,782 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Waste Management were worth $20,307,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Moore Capital Management LP purchased a new stake in Waste Management during the 4th quarter valued at about $4,341,000. Leigh Baldwin & CO. LLC acquired a new position in Waste Management in the fourth quarter valued at $205,506,000. Investor s Fiduciary Advisor Network LLC acquired a new position in Waste Management in the fourth quarter valued at $756,000. KKM Financial LLC raised its position in Waste Management by 4.5% during the 4th quarter. KKM Financial LLC now owns 14,340 shares of the business services provider's stock worth $2,894,000 after buying an additional 618 shares during the last quarter. Finally, Guardian Wealth Advisors LLC NC raised its stake in shares of Waste Management by 3.5% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 3,629 shares of the business services provider's stock worth $732,000 after buying an additional 122 shares in the last quarter. Institutional investors own 80.40% of the company's stock.

Insider Activity at Waste Management

In related news, CAO John A. Carroll sold 1,251 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $225.92, for a total transaction of $282,625.92. Following the transaction, the chief accounting officer now owns 8,420 shares in the company, valued at $1,902,246.40. The trade was a 12.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John J. Morris sold 19,153 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $224.71, for a total transaction of $4,303,870.63. Following the sale, the executive vice president now directly owns 85,257 shares in the company, valued at $19,158,100.47. This trade represents a 18.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,522 shares of company stock valued at $18,084,124. Corporate insiders own 0.18% of the company's stock.

Waste Management Stock Up 0.8%

Shares of NYSE WM traded up $1.80 during trading on Monday, hitting $231.67. 753,792 shares of the company traded hands, compared to its average volume of 1,654,475. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76. The business's fifty day moving average is $228.33 and its 200 day moving average is $221.67. The firm has a market capitalization of $93.23 billion, a price-to-earnings ratio of 34.07, a P/E/G ratio of 2.71 and a beta of 0.67. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $239.32.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.08. The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.14 billion. Waste Management had a net margin of 12.45% and a return on equity of 37.93%. The firm's quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.75 EPS. Equities research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

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 given 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 1.42%. Waste Management's dividend payout ratio (DPR) is currently 49.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Morgan Stanley upped their target price on Waste Management from $227.00 to $235.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Oppenheimer boosted their price target on Waste Management from $231.00 to $237.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Hsbc Global Res upgraded Waste Management from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. William Blair restated an "outperform" rating on shares of Waste Management in a research note on Tuesday, April 29th. Finally, Royal Bank of Canada raised their price objective on shares of Waste Management from $227.00 to $229.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $243.29.

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.