Mitsubishi UFJ Asset Management Co. Ltd. Has $211.02 Million Stock Holdings in Waste Management, Inc. $WM

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Waste Management, Inc. (NYSE:WM) by 7.9% during the second quarter, Holdings Channel reports. The institutional investor owned 946,770 shares of the business services provider’s stock after buying an additional 69,699 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Waste Management were worth $211,016,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RHL Group LLC acquired a new position in shares of Waste Management during the fourth quarter valued at $29,000. Financial Network Wealth Advisors LLC raised its holdings in Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after purchasing an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Waste Management during the 4th quarter valued at about $29,000. JPL Wealth Management LLC bought a new position in shares of Waste Management in the 3rd quarter valued at about $30,000. Finally, Main Street Group LTD acquired a new stake in shares of Waste Management during the 1st quarter worth approximately $31,000. Institutional investors own 80.40% of the company’s stock.

Key Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Waste Management has generated a 58.6% total stock gain over the past five years, reflecting the company’s defensive business profile and relatively consistent long-term performance. Its discounted-cash-flow valuation was described as approximately in line with the share price, which may support the view that the stock is not materially overvalued under cash-flow assumptions. Where Does Waste Management (WM) Value Sit After A 59% Gain?
• Neutral Sentiment: Recent “waste management stocks” coverage provides general sector context but does not identify a new development specific to Waste Management that would materially change its earnings outlook. Waste Management Stocks To Consider – August 15th
• Negative Sentiment: The valuation analysis flags a low value score and indicates that earnings-based multiples place WM at a premium. With the stock trading near its 50-day and 200-day averages and at a forward earnings valuation that is not inexpensive, concerns about limited upside or elevated valuation could weigh on investor enthusiasm.

Waste Management Trading Up 0.7%

Shares of NYSE WM opened at $225.05 on Thursday. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The stock has a market cap of $89.95 billion, a price-to-earnings ratio of 31.88, a P/E/G ratio of 2.75 and a beta of 0.44. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The company’s fifty day moving average is $227.84 and its 200-day moving average is $227.77.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. The business had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.92 EPS. Equities research analysts predict that Waste Management, Inc. will post 8.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WM. Weiss Ratings raised shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 7th. UBS Group upped their target price on shares of Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. TD Cowen increased their price target on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce lowered Waste Management from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada upped their price objective on Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $258.89.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.