Mine & Arao Wealth Creation & Management LLC. Purchases 976 Shares of Waste Management, Inc. (NYSE:WM)

Mine & Arao Wealth Creation & Management LLC. increased its position in shares of Waste Management, Inc. (NYSE:WM) by 64.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,484 shares of the business services provider’s stock after acquiring an additional 976 shares during the period. Mine & Arao Wealth Creation & Management LLC.’s holdings in Waste Management were worth $516,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in shares of Waste Management by 94,414.4% during the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after buying an additional 2,588,842 shares during the period. Sustainable Growth Advisers LP acquired a new stake in Waste Management during the 1st quarter worth about $300,594,000. Capital World Investors grew its stake in Waste Management by 44.6% during the 1st quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock valued at $900,957,000 after purchasing an additional 1,303,466 shares during the last quarter. Swedbank AB purchased a new position in shares of Waste Management in the first quarter worth about $193,955,000. Finally, Wulff Hansen & CO. raised its position in Waste Management by 20,402.6% during the 2nd quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock worth $185,196,000 after buying an additional 863,846 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WM has been the topic of several recent research reports. UBS Group upped their price objective on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. William Blair started coverage on Waste Management in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. CIBC lifted their target price on shares of Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Morgan Stanley increased their price target on shares of Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $226.11.

Insider Activity at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

Waste Management Price Performance

Shares of NYSE WM opened at $220.44 on Friday. The firm has a 50-day simple moving average of $209.76 and a 200-day simple moving average of $209.06. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $88.48 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 2.31 and a beta of 0.74. Waste Management, Inc. has a 52 week low of $168.73 and a 52 week high of $225.00.

Waste Management (NYSE:WM) last released its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period last year, the company posted $1.63 EPS. The business’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts predict that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 annualized dividend and a dividend yield of 1.36%. Waste Management’s payout ratio is 45.87%.

Waste Management Company 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.