LS Investment Advisors LLC cut its holdings in shares of Waste Management, Inc. (NYSE:WM) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,569 shares of the business services provider’s stock after selling 2,316 shares during the period. LS Investment Advisors LLC’s holdings in Waste Management were worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WM. APG Asset Management N.V. lifted its position in Waste Management by 74.7% during the 4th quarter. APG Asset Management N.V. now owns 4,222,539 shares of the business services provider’s stock valued at $303,469,000 after purchasing an additional 1,805,408 shares during the period. Pictet Asset Management Ltd. lifted its position in Waste Management by 52.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,942,925 shares of the business services provider’s stock valued at $152,073,000 after purchasing an additional 666,000 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in Waste Management by 31.5% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 2,078,100 shares of the business services provider’s stock valued at $162,653,000 after purchasing an additional 498,200 shares during the period. Principal Financial Group Inc. lifted its position in Waste Management by 41.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,693,877 shares of the business services provider’s stock valued at $132,580,000 after purchasing an additional 496,513 shares during the period. Finally, Ardevora Asset Management LLP acquired a new position in Waste Management during the 3rd quarter valued at about $35,425,000. Institutional investors own 75.47% of the company’s stock.

Shares of Waste Management, Inc. (WM) opened at $80.10 on Monday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68. The company has a market capitalization of $34,780.00, a PE ratio of 25.76, a PEG ratio of 2.25 and a beta of 0.70. Waste Management, Inc. has a 52 week low of $69.55 and a 52 week high of $89.73.

Waste Management announced that its Board of Directors has approved a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

A number of research analysts have issued reports on WM shares. Zacks Investment Research downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Credit Suisse Group set a $90.00 target price on shares of Waste Management and gave the company a “buy” rating in a research report on Monday, October 30th. Oppenheimer upped their target price on shares of Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Stifel Nicolaus upgraded shares of Waste Management from a “hold” rating to a “buy” rating and upped their target price for the company from $80.00 to $95.00 in a research report on Monday, December 11th. Finally, KeyCorp restated a “buy” rating and set a $88.00 target price on shares of Waste Management in a research report on Friday, October 27th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $86.00.

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

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

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