Bailard Inc. Has $4.42 Million Stake in Waste Management, Inc. (WM)
Bailard Inc. lessened its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,234 shares of the business services provider’s stock after selling 1,303 shares during the quarter. Bailard Inc.’s holdings in Waste Management were worth $4,421,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. MHI Funds LLC purchased a new stake in shares of Waste Management during the fourth quarter valued at approximately $184,000. Cerebellum GP LLC bought a new position in shares of Waste Management during the fourth quarter valued at approximately $186,000. Gradient Investments LLC bought a new position in shares of Waste Management during the fourth quarter valued at approximately $197,000. FTB Advisors Inc. raised its holdings 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 position in shares of Waste Management during the fourth quarter valued at approximately $204,000. 75.33% of the stock is owned by hedge funds and other institutional investors.
Waste Management, Inc. (WM) opened at $80.79 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $35,080.00, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 2.25 and a beta of 0.70. Waste Management, Inc. has a twelve month low of $69.55 and a twelve month high of $89.73.
A number of equities analysts recently commented on WM shares. KeyCorp restated a “buy” rating and set a $88.00 target price on shares of Waste Management in a report on Friday, October 27th. Zacks Investment Research upgraded Waste Management from a “sell” rating to a “hold” rating in a report on Friday, October 27th. BMO Capital Markets upped their target price on Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Oppenheimer upped their target price on Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Finally, Credit Suisse Group set a $90.00 target price on Waste Management and gave the company a “buy” rating in a report on Monday, October 30th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $86.00.
In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total value of $133,815.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick W. Gross sold 387 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $88.30, for a total value of $34,172.10. Following the completion of the transaction, the director now owns 30,673 shares of the company’s stock, valued at approximately $2,708,425.90. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.
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Waste Management 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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