Nomura Asset Management Co. Ltd. Acquires 56,148 Shares of Waste Management, Inc. (NYSE:WM)

Nomura Asset Management Co. Ltd. boosted its position in Waste Management, Inc. (NYSE:WM) by 51.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 165,510 shares of the business services provider’s stock after buying an additional 56,148 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Waste Management were worth $12,069,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WM. Guardian Life Insurance Co. of America boosted its position in shares of Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after buying an additional 14 shares in the last quarter. Choate Investment Advisors boosted its stake in Waste Management by 0.7% in the first quarter. Choate Investment Advisors now owns 3,224 shares of the business services provider’s stock valued at $235,000 after buying an additional 22 shares in the last quarter. Lakeview Capital Partners LLC boosted its stake in Waste Management by 0.8% in the first quarter. Lakeview Capital Partners LLC now owns 3,630 shares of the business services provider’s stock valued at $265,000 after buying an additional 30 shares in the last quarter. American Asset Management Inc. boosted its stake in Waste Management by 0.7% in the first quarter. American Asset Management Inc. now owns 5,797 shares of the business services provider’s stock valued at $423,000 after buying an additional 40 shares in the last quarter. Finally, Archford Capital Strategies LLC boosted its stake in Waste Management by 0.3% in the first quarter. Archford Capital Strategies LLC now owns 16,304 shares of the business services provider’s stock valued at $1,184,000 after buying an additional 45 shares in the last quarter. 75.53% of the stock is currently owned by institutional investors.

Shares of Waste Management, Inc. (NYSE WM) opened at 75.25 on Friday. Waste Management, Inc. has a 52 week low of $61.08 and a 52 week high of $76.33. The firm has a market capitalization of $33.11 billion, a price-to-earnings ratio of 25.77 and a beta of 0.71. The firm has a 50-day moving average of $74.81 and a 200 day moving average of $73.07.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period last year, the firm earned $0.74 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. On average, equities analysts predict that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.

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WM has been the topic of several research reports. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Friday, April 28th. Stifel Nicolaus boosted their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. KeyCorp boosted their price objective on shares of Waste Management from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 11th. Oppenheimer Holdings, Inc. boosted their price objective on shares of Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, July 5th. Finally, Credit Suisse Group boosted their price objective on shares of Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Waste Management has a consensus rating of “Hold” and a consensus target price of $75.51.

In related news, CEO James C. Fish, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $72.19, for a total transaction of $252,665.00. Following the completion of the sale, the chief executive officer now owns 151,162 shares in the company, valued at $10,912,384.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick W. Gross sold 487 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total transaction of $36,369.16. Following the sale, the director now owns 23,222 shares of the company’s stock, valued at approximately $1,734,218.96. The disclosure for this sale can be found here. Insiders have sold 4,440 shares of company stock valued at $322,728 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

About Waste Management

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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