Forsta AP Fonden lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 26.2% in the 4th quarter, HoldingsChannel reports. The fund owned 90,169 shares of the business services provider’s stock after selling 32,000 shares during the quarter. Forsta AP Fonden’s holdings in Waste Management were worth $7,782,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MHI Funds LLC bought a new stake in shares of Waste Management during the fourth quarter valued at approximately $184,000. Cerebellum GP LLC bought a new stake in shares of Waste Management during the fourth quarter valued at approximately $186,000. Gradient Investments LLC bought a new stake in shares of Waste Management during the fourth quarter valued at approximately $197,000. FTB Advisors Inc. increased its position in shares of Waste Management by 44.2% during the fourth quarter. FTB Advisors Inc. now owns 2,285 shares of the business services provider’s stock valued at $197,000 after acquiring an additional 700 shares in the last quarter. Finally, Court Place Advisors LLC bought a new stake in shares of Waste Management during the fourth quarter valued at approximately $204,000. 75.33% of the stock is owned by institutional investors.

WM has been the subject of several analyst reports. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Tuesday, December 26th. Stifel Nicolaus raised shares of Waste Management from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $95.00 in a research report on Monday, December 11th. Macquarie raised shares of Waste Management from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 3rd. KeyCorp reaffirmed a “buy” rating and issued a $88.00 target price on shares of Waste Management in a research report on Friday, October 27th. Finally, Credit Suisse Group set a $90.00 target price on shares of Waste Management and gave the stock a “buy” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $86.00.

In other news, SVP Barry H. Caldwell sold 1,650 shares of Waste Management stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total transaction of $133,815.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Patrick W. Gross sold 387 shares of Waste Management stock in a transaction on 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 approximately $2,708,425.90. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Shares of Waste Management, Inc. (NYSE:WM) opened at $80.79 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68. Waste Management, Inc. has a 1 year low of $69.55 and a 1 year high of $89.73. The company has a market cap of $34,984.80, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 2.26 and a beta of 0.70.

Waste Management declared that its Board of Directors has authorized a stock buyback program on Thursday, December 14th that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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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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