CWM Advisors LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 55.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,386 shares of the business services provider’s stock after buying an additional 2,994 shares during the quarter. Waste Management comprises about 0.3% of CWM Advisors LLC’s holdings, making the stock its 17th biggest holding. CWM Advisors LLC’s holdings in Waste Management were worth $746,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of WM. RB Capital Management LLC increased its holdings in shares of Waste Management by 4.2% in the 4th quarter. RB Capital Management LLC now owns 2,746 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 110 shares during the period. Park National Corp OH increased its holdings in shares of Waste Management by 1.1% in the 4th quarter. Park National Corp OH now owns 10,654 shares of the business services provider’s stock valued at $948,000 after acquiring an additional 115 shares during the period. Abner Herrman & Brock LLC increased its holdings in shares of Waste Management by 4.4% in the 4th quarter. Abner Herrman & Brock LLC now owns 2,788 shares of the business services provider’s stock valued at $248,000 after acquiring an additional 118 shares during the period. Hudock Capital Group LLC increased its holdings in shares of Waste Management by 6.6% in the 4th quarter. Hudock Capital Group LLC now owns 1,922 shares of the business services provider’s stock valued at $169,000 after acquiring an additional 119 shares during the period. Finally, Harbour Capital Advisors LLC increased its holdings in shares of Waste Management by 0.7% in the 4th quarter. Harbour Capital Advisors LLC now owns 16,219 shares of the business services provider’s stock valued at $1,443,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds own 74.76% of the company’s stock.

Shares of WM opened at $96.66 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.84 and a current ratio of 0.87. The firm has a market capitalization of $41.19 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 1.76 and a beta of 0.63. Waste Management, Inc. has a 1 year low of $78.39 and a 1 year high of $97.22.

Waste Management declared that its board has authorized a share buyback program on Thursday, December 13th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

In other news, CFO Devina A. Rankin sold 8,107 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $94.41, for a total transaction of $765,381.87. Following the transaction, the chief financial officer now directly owns 21,373 shares of the company’s stock, valued at approximately $2,017,824.93. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Patrick W. Gross sold 365 shares of the company’s stock in a transaction on Thursday, January 17th. The stock was sold at an average price of $93.03, for a total transaction of $33,955.95. Following the transaction, the director now directly owns 53,058 shares in the company, valued at $4,935,985.74. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

A number of equities analysts have recently commented on the stock. KeyCorp assumed coverage on shares of Waste Management in a report on Monday. They issued an “overweight” rating and a $96.00 target price on the stock. Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. UBS Group raised shares of Waste Management from a “neutral” rating to a “buy” rating and lifted their target price for the company from $90.00 to $103.00 in a report on Thursday, January 10th. Goldman Sachs Group raised shares of Waste Management from a “sell” rating to a “buy” rating and boosted their price objective for the company from $84.00 to $107.00 in a research note on Tuesday, December 4th. Finally, Raymond James reissued a “buy” rating on shares of Waste Management in a research note on Monday, October 29th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $98.29.

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Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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

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