In today’s session Waste Management, Inc. (WM) registered an unusually high (349) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious WM increase. With 349 contracts traded and 6004 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: WM170421C00065000 closed last at: $1.9 or 9.5% down. About 1.69M shares traded hands. Waste Management, Inc. (NYSE:WM) has risen 7.15% since March 29, 2016 and is uptrending. It has outperformed by 3.68% the S&P500.
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. $71 is the highest target while $58 is the lowest. The $66.67 average target is 1.49% above today’s ($65.69) stock price. Waste Management Inc. has been the topic of 19 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Sterne Agee CRT initiated Waste Management, Inc. (NYSE:WM) on Tuesday, March 22 with “Neutral” rating. JP Morgan initiated the stock with “Neutral” rating in Thursday, December 17 report. The firm has “Outperform” rating by Credit Suisse given on Friday, November 6. The firm earned “In-Line” rating on Friday, February 19 by Imperial Capital. As per Tuesday, August 9, the company rating was downgraded by Barclays Capital. On Friday, July 29 the stock rating was maintained by Imperial Capital with “In-Line”. The firm earned “Neutral” rating on Thursday, October 13 by Wedbush. Barclays Capital initiated the shares of WM in a report on Thursday, October 22 with “Overweight” rating. The stock has “Buy” rating given by Bank of America on Monday, October 31. Argus Research maintained it with “Buy” rating and $62 target price in Thursday, November 5 report.
According to Zacks Investment Research, “Waste Management Inc. provides integrated waste management services in North America and internationally. In North America, the company provides solid waste management services including collection, transfer, recycling and resource recovery services, and disposal services. Included in its international operations is the collection and transportation of solid, hazardous and medical wastes and recyclable materials and the treatment and disposal of recyclable materials.”
Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.11, from 1.02 in 2016Q1. The ratio increased, 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.
State Of New Jersey Common Pension Fund D holds 0.06% of its portfolio in Waste Management, Inc. (NYSE:WM) for 200,000 shares. Virginia Retirement Et Al, a Virginia-based fund reported 105,500 shares. Kcg Inc has 13,851 shares for 0.02% of their US portfolio. Thompson Davis & Company Incorporated has 2,568 shares for 0.27% of their US portfolio. Utah Retirement System has 0.14% invested in the company for 81,131 shares. Brandywine Investment Mngmt Ltd Limited Liability Company has 0% invested in the company for 247 shares. Matrix Asset Advsr Ny accumulated 3,600 shares or 0.05% of the stock. Twin Tree Mngmt Lp has invested 0% of its portfolio in Waste Management, Inc. (NYSE:WM). Gw Henssler And Assoc accumulated 121,097 shares or 0.92% of the stock. Cornerstone owns 355 shares or 0.02% of their US portfolio. Mirae Asset Global Invs Limited has 0.08% invested in the company for 46,057 shares. Fuller And Thaler Asset Mngmt accumulated 2,600 shares or 0% of the stock. Mitchell Mcleod Pugh & Williams owns 3,138 shares or 0.19% of their US portfolio. Fortaleza Asset Inc has invested 1.01% of its portfolio in Waste Management, Inc. (NYSE:WM). Carnegie Asset Mgmt Ltd Limited Liability Company owns 75,737 shares or 0.71% of their US portfolio.
Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 17 selling transactions for $12.77 million net activity. 1 shares were sold by TREVATHAN JAMES E JR, worth $66 on Wednesday, August 3. The insider Schwartz Mark E. sold 1 shares worth $61. $2.22M worth of Waste Management, Inc. (NYSE:WM) shares were sold by Fish James C Jr. Another trade for 1,200 shares valued at $72,726 was made by Carpenter Don P on Monday, May 23. 23,565 shares were sold by Bhasin Puneet, worth $1.40 million. 15,234 shares with value of $944,508 were sold by CALDWELL BARRY H on Friday, May 13. On Friday, July 15 GROSS PATRICK W sold $32,388 worth of the stock or 482 shares.
Waste Management, Inc. is a holding company. The company has a market cap of $29.32 billion. The Firm provides waste management environmental services. It has a 26.27 P/E ratio. The Company’s divisions include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other.
WM Company Profile
Waste Management, Inc., incorporated on April 28, 1995, is a holding company. The Firm provides waste management environmental services. The Company’s divisions include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services. Through its subsidiaries, it also develops, operates and owns landfill gas-to-energy facilities in the United States. It owns or operates approximately 250 landfill sites, which is the network of landfills in North America. It also uses waste to create energy, recovering the gas produced naturally as waste decomposes in landfills and using the gas in generators to make electricity. The Company, as a recycler in North America, handles materials that include paper, cardboard, glass, plastic and metal. It provides recycling programs for municipalities, businesses and households across the United States and Canada, as well as other services. It owns or operates approximately 300 transfer stations in North America.
Another recent and important Waste Management, Inc. (NYSE:WM) news was published by Fool.com which published an article titled: “The Biggest Risk to Investing in Waste Management, Inc.” on October 25, 2016.
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