Waste Management, Inc. (WM) Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. reduced its stake in Waste Management, Inc. (NYSE:WM) by 19.7% in the 4th quarter, HoldingsChannel reports. The firm owned 3,071 shares of the business services provider’s stock after selling 754 shares during the quarter. Alps Advisors Inc.’s holdings in Waste Management were worth $265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WM. California Public Employees Retirement System grew its holdings in shares of Waste Management by 6.2% during the third quarter. California Public Employees Retirement System now owns 1,466,158 shares of the business services provider’s stock valued at $114,756,000 after buying an additional 85,636 shares during the last quarter. Yellowstone Partners LLC acquired a new position in shares of Waste Management during the third quarter valued at about $449,000. Personal Capital Advisors Corp grew its holdings in shares of Waste Management by 24.0% during the third quarter. Personal Capital Advisors Corp now owns 163,337 shares of the business services provider’s stock valued at $12,784,000 after buying an additional 31,585 shares during the last quarter. Moody Lynn & Lieberson LLC grew its holdings in shares of Waste Management by 20.1% during the third quarter. Moody Lynn & Lieberson LLC now owns 171,716 shares of the business services provider’s stock valued at $13,440,000 after buying an additional 28,760 shares during the last quarter. Finally, Lourd Capital LLC acquired a new position in shares of Waste Management during the fourth quarter valued at about $256,000. 75.33% of the stock is owned by hedge funds and other institutional investors.

Waste Management, Inc. (WM) opened at $82.60 on Thursday. Waste Management, Inc. has a twelve month low of $69.55 and a twelve month high of $89.73. The firm has a market cap of $35,870.00, a PE ratio of 26.56, a P/E/G ratio of 2.26 and a beta of 0.70. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.60.

Waste Management declared that its board has authorized a share buyback plan on Thursday, December 14th that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

A number of research analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Oppenheimer lifted their price objective on shares of Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Credit Suisse Group set a $90.00 price objective on shares of Waste Management and gave the company a “buy” rating in a report on Monday, October 30th. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Saturday, February 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price objective on shares of Waste Management in a report on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Waste Management presently has a consensus rating of “Buy” and a consensus target price of $86.00.

In related news, SVP Barry H. Caldwell sold 1,650 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total transaction of $133,815.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Patrick W. Gross sold 387 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $88.30, for a total transaction of $34,172.10. Following the transaction, the director now owns 30,673 shares in the company, valued at $2,708,425.90. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

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Waste Management Company Profile

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.

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

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