Willis Investment Counsel Decreased Stake in Waste Management Inc New (NYSE:WM) by $10.18 Million as Shares Rose

Willis Investment Counsel decreased its stake in Waste Management Inc New (NYSE:WM) by 55.94% based on its latest Q4 2015 regulatory filing with the SEC. Willis Investment Counsel sold 192,000 shares as the company’s stock rose 6.53% with the market. The institutional investor held 151,195 shares of the public utilities company at the end of Q4, valued at $8.07 million, down from 343,195 at the end of the previous reported quarter. Willis Investment Counsel who had been investing in Waste Management Inc New since many months, could be less bullish the $23.81B market cap company. The stock is up 1.77% or $0.94 hitting $53.9, despite the negative news. About 859,399 shares traded hands. Waste Management, Inc. (NYSE:WM) has risen 12.32% since July 9, 2015 and is uptrending. It has outperformed by 23.16% the S&P500.

Willis Investment Counsel is a Georgia-based institutional investor with more than $1.45 billion AUM in August, 2014. Taken from Willis Investment latest Adv, the fund reported to have 12 full and part-time employees. Among which 6 performing investment advisory and research functions. The institutional investor had more than 100 clients.

The institutional sentiment increased to 1.1 in Q3 2015. Its up 0.03, from 1.07 in 2015Q2. The ratio improved, as 51 funds sold all WM shares owned while 261 reduced positions. 58 funds bought stakes while 284 increased positions. They now own 311.70 million shares or 9.14% less from 343.03 million shares in 2015Q2.

Tsp Capital Management Group Llc holds 3.33% of its portfolio in WM for 119,026 shares. Pineno Levin & Ford Asset Management Inc. owns 108,588 shares or 3.05% of their US portfolio. Moreover, Garland Capital Management Inc has 2.94% invested in the company for 75,650 shares. The Alabama-based Hayek Kallen Investment Management has invested 2.73% in the stock. Sabal Trust Co, a Florida-based fund reported 351,952 shares.

Since March 3, 2015, the stock had 0 insider purchases, and 3 selling transactions for $3.29 million net activity. Caldwell Barry H sold 4,262 shares worth $221,814. Schwartz Mark E. sold 4,983 shares worth $259,368. Fish James C Jr sold 54,143 shares worth $2.81M. Clark Frank M sold 626 shares worth $30,794. The insider Gross Patrick W sold 673 shares worth $32,863.

Out of 7 analysts covering Waste Management Inc. (NYSE:WM), 6 rate it “Buy”, 0 “Sell”, while 9 “Hold”. This means 40% are positive. Waste Management Inc. was the topic in 7 analyst reports since July 28, 2015 according to StockzIntelligence Inc. JP Morgan initiated the stock on December 17 with “Neutral” rating. Argus Research maintained the shares of WM in a report on November 5 with “Buy” rating.

Waste Management, Inc. is a holding company. The company has a market cap of $23.81 billion. The Company, through its subsidiaries, provides waste management environmental services. It has 23.13 P/E ratio. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focus on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.

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