Nippon Life Insurance Co. decreased its stake in shares of Waste Management, Inc. (NYSE:WM) by 0.7% during the third quarter, Holdings Channel reports. The fund owned 33,745 shares of the company’s stock after selling 233 shares during the period. Nippon Life Insurance Co.’s holdings in Waste Management were worth $2,152,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Berkshire Asset Management LLC PA increased its stake in shares of Waste Management by 2.8% in the third quarter. Berkshire Asset Management LLC PA now owns 276,928 shares of the company’s stock valued at $17,657,000 after buying an additional 7,623 shares during the last quarter. Sabal Trust CO increased its stake in shares of Waste Management by 2.5% in the second quarter. Sabal Trust CO now owns 370,604 shares of the company’s stock valued at $24,560,000 after buying an additional 9,088 shares during the last quarter. PGGM Investments increased its stake in shares of Waste Management by 5.2% in the second quarter. PGGM Investments now owns 879,096 shares of the company’s stock valued at $58,258,000 after buying an additional 43,136 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Waste Management by 9.9% in the third quarter. Capstone Asset Management Co. now owns 55,190 shares of the company’s stock valued at $3,519,000 after buying an additional 4,970 shares during the last quarter. Finally, Rothschild Asset Management Inc. increased its stake in shares of Waste Management by 7.0% in the third quarter. Rothschild Asset Management Inc. now owns 713,769 shares of the company’s stock valued at $45,510,000 after buying an additional 46,929 shares during the last quarter. Hedge funds and other institutional investors own 72.90% of the company’s stock.

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

Shares of Waste Management, Inc. (NYSE:WM) traded down 0.16% during trading on Friday, hitting $69.78. 1,060,807 shares of the company’s stock were exchanged. Waste Management, Inc. has a 12-month low of $50.36 and a 12-month high of $71.78. The company has a 50-day moving average of $70.27 and a 200-day moving average of $66.31. The company has a market cap of $30.84 billion, a P/E ratio of 28.00 and a beta of 0.72.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. Waste Management had a net margin of 8.36% and a return on equity of 24.07%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts expect that Waste Management, Inc. will post $2.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Friday, December 2nd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Wednesday, November 30th. Waste Management’s dividend payout ratio (DPR) is presently 65.34%.

TRADEMARK VIOLATION WARNING: This news story was published by Daily Political and is the propert of of Daily Political. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The original version of this news story can be read at http://www.dailypolitical.com/2017/01/13/waste-management-inc-wm-position-decreased-by-nippon-life-insurance-co.html.

WM has been the topic of a number of research reports. Bank of America upgraded shares of Waste Management from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Monday, October 31st. Barclays PLC upgraded shares of Waste Management from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $63.37 to $70.00 in a report on Monday, November 7th. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Tuesday, September 27th. Vetr upgraded shares of Waste Management from a “sell” rating to a “hold” rating and set a $72.12 price target on the stock in a report on Tuesday, January 3rd. Finally, Wedbush downgraded shares of Waste Management from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $73.00 to $68.00 in a report on Thursday, October 13th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $69.55.

About Waste Management

Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.

5 Day Chart for NYSE:WM

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM).

Receive News & Ratings for Waste Management Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management Inc. and related companies with MarketBeat.com's FREE daily email newsletter.