Tokio Marine Asset Management Co. Ltd. Has $2.27 Million Stock Holdings in Waste Management, Inc. (NYSE:WM)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,243 shares of the business services provider’s stock after purchasing an additional 156 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Waste Management were worth $2,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WM. Activest Wealth Management grew its holdings in shares of Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after buying an additional 120 shares in the last quarter. Global Wealth Strategies & Associates boosted its holdings in shares of Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. General Partner Inc. acquired a new stake in Waste Management in the fourth quarter valued at $29,000. Sugar Maple Asset Management LLC bought a new position in Waste Management during the fourth quarter worth about $35,000. Finally, DHJJ Financial Advisors Ltd. increased its holdings in shares of Waste Management by 51.8% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 211 shares of the business services provider’s stock worth $44,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of WM opened at $220.10 on Monday. The firm has a market cap of $88.34 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.20 and a beta of 0.77. Waste Management, Inc. has a 52-week low of $184.72 and a 52-week high of $230.39. The business’s 50 day moving average price is $212.19 and its two-hundred day moving average price is $211.32. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. On average, equities analysts anticipate that Waste Management, Inc. will post 7.99 EPS for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is currently 44.12%.

Insiders Place Their Bets

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the subject of several research analyst reports. Jefferies Financial Group reduced their target price on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. William Blair reissued an “outperform” rating on shares of Waste Management in a report on Friday. Oppenheimer lifted their price objective on shares of Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday. Truist Financial raised their price target on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, UBS Group raised their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $232.61.

About Waste Management

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.