In today’s session Waste Management, Inc. (WM) registered an unusually high (397) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious WM increase. With 397 contracts traded and 3724 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: WM161118C00065000 closed last at: $1.05 or 10.5% up. The stock decreased 1.28% or $0.81 during the last trading session, hitting $62.65. About 1.81 million shares traded hands. Waste Management, Inc. (NYSE:WM) has risen 11.24% since March 1, 2016 and is uptrending. It has outperformed by 1.99% the S&P500.
Analysts await Waste Management, Inc. (NYSE:WM) to report earnings on October, 25. They expect $0.80 EPS, up 8.11% or $0.06 from last year’s $0.74 per share. WM’s profit will be $352.18 million for 19.58 P/E if the $0.80 EPS becomes a reality. After $0.74 actual EPS reported by Waste Management, Inc. for the previous quarter, Wall Street now forecasts 8.11% EPS growth.
Waste Management, Inc. (NYSE:WM) Ratings Coverage
Out of 11 analysts covering Waste Management Inc. (NYSE:WM), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. Waste Management Inc. has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Macquarie Research given on Friday, August 26. The rating was maintained by Wedbush on Friday, April 29 with “Outperform”. As per Thursday, November 5, the company rating was maintained by Argus Research. The firm has “Neutral” rating given on Thursday, December 17 by JP Morgan. As per Thursday, October 22, the company rating was initiated by Barclays Capital. The stock of Waste Management, Inc. (NYSE:WM) earned “Outperform” rating by Credit Suisse on Friday, November 6. The firm has “In-Line” rating given on Friday, April 29 by Imperial Capital. The company was maintained on Thursday, October 29 by Imperial Capital. The company was maintained on Friday, February 19 by Imperial Capital. The firm has “Neutral” rating given on Monday, April 25 by Bank of America.
Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.11, from 1.02 in 2016Q1. The ratio improved, as 42 funds sold all Waste Management, Inc. shares owned while 276 reduced positions. 71 funds bought stakes while 287 increased positions. They now own 327.80 million shares or 3.03% less from 338.05 million shares in 2016Q1.
Regal Inv Advsrs Lc, a Michigan-based fund reported 6,550 shares. Panagora Asset Mgmt has invested 0.07% of its portfolio in Waste Management, Inc. (NYSE:WM). Old Second Savings Bank Of Aurora has 39,207 shares for 1.21% of their US portfolio. Fortaleza Asset Management last reported 1.01% of its portfolio in the stock. The California-based Capital Ww Invsts has invested 0.43% in Waste Management, Inc. (NYSE:WM). Atlanta Cap Group accumulated 4,960 shares or 0.07% of the stock. Analytic Limited Liability Company has 151,539 shares for 0.12% of their US portfolio. The New York-based Edge Wealth Mgmt Llc has invested 0% in Waste Management, Inc. (NYSE:WM). Raymond James Finance Services Advsr accumulated 0.09% or 147,145 shares. Sns Financial Group Incorporated Lc last reported 1.36% of its portfolio in the stock. East Coast Asset Mngmt Ltd Liability Co accumulated 2.26% or 62,556 shares. Moreover, Lvm Cap Management Mi has 7.75% invested in Waste Management, Inc. (NYSE:WM) for 403,853 shares. South Texas Money Ltd has 51,498 shares for 0.19% of their US portfolio. Pine River Cap L P has invested 0.02% of its portfolio in Waste Management, Inc. (NYSE:WM). Eubel Brady Suttman Asset holds 8,306 shares or 0.18% of its portfolio.
Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 20 insider sales for $18.08 million net activity. Harris Jeff M sold $3.78 million worth of Waste Management, Inc. (NYSE:WM) on Wednesday, May 4. On Monday, May 2 Carpenter Don P sold $119,114 worth of the stock or 2,000 shares. On Friday, May 20 the insider Schwartz Mark E. sold $61. CLARK FRANK M had sold 449 shares worth $30,178 on Friday, July 15. 449 shares were sold by WEIDEMEYER THOMAS H, worth $30,343 on Friday, July 15. Shares for $2.22M were sold by Fish James C Jr on Friday, August 5. Morris John J sold $850,318 worth of stock or 12,738 shares.
Waste Management, Inc. is a holding company. The company has a market cap of $27.58 billion. The Firm provides waste management environmental services. It has a 24.45 P/E ratio. The Company’s divisions include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other.
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