The stock of Waste Management, Inc. (NYSE:WM) is a huge mover today! About 732,685 shares traded hands. Waste Management, Inc. (NYSE:WM) has risen 16.15% since April 11, 2016 and is uptrending. It has outperformed by 10.00% the S&P500.
The move comes after 9 months positive chart setup for the $30.26 billion company. It was reported on Nov, 11 by Barchart.com. We have $100.43 PT which if reached, will make NYSE:WM worth $14.52B more.
Waste Management, Inc. (NYSE:WM) Ratings Coverage
Out of 12 analysts covering Waste Management Inc. (NYSE:WM), 6 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 50% are positive. Waste Management Inc. has been the topic of 21 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Equal-Weight” rating given by Barclays Capital on Tuesday, August 9. On Thursday, October 13 the stock rating was downgraded by Wedbush to “Neutral”. Sterne Agee CRT initiated the shares of WM in a report on Tuesday, March 22 with “Neutral” rating. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 21. JP Morgan initiated the stock with “Neutral” rating in Thursday, December 17 report. Barclays Capital initiated the stock with “Overweight” rating in Thursday, October 22 report. The company was upgraded on Tuesday, August 9 by KeyBanc Capital Markets. The stock has “In-Line” rating given by Imperial Capital on Friday, February 19. The stock of Waste Management, Inc. (NYSE:WM) has “Buy” rating given on Tuesday, July 28 by Argus Research. The firm has “Neutral” rating given on Friday, August 26 by Macquarie Research.
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 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.
Ims Capital Management accumulated 6,106 shares or 0.47% of the stock. The Pennsylvania-based Hudock Cap Gp Limited Liability Com has invested 0.06% in Waste Management, Inc. (NYSE:WM). Neuberger Berman Gru Ltd Liability holds 0% or 48,100 shares in its portfolio. Moreover, Wetherby Asset Management Inc has 0.07% invested in Waste Management, Inc. (NYSE:WM) for 5,098 shares. Mondrian Inv Prns Ltd last reported 1,100 shares in the company. Ingalls And Snyder Ltd Com last reported 27,570 shares in the company. National Asset Management Inc has 7,052 shares for 0.09% of their US portfolio. Hedeker Wealth Ltd last reported 3,728 shares in the company. Hallmark Cap accumulated 1,200 shares or 0.01% of the stock. Agf America Incorporated owns 60,703 shares or 1.82% of their US portfolio. Edge Wealth Mngmt Lc accumulated 0% or 18 shares. Philadelphia Trust holds 0.03% or 5,762 shares in its portfolio. Spectrum has 5,385 shares for 0.15% of their US portfolio. Cap Innovations Ltd Llc accumulated 3.13% or 16,205 shares. Blackrock Group Ltd holds 4.47M shares or 0.15% of its portfolio.
Insider Transactions: Since May 13, 2016, the stock had 0 insider purchases, and 16 sales for $11.83 million net activity. $61 worth of Waste Management, Inc. (NYSE:WM) was sold by Schwartz Mark E.. Shares for $108,051 were sold by Carpenter Don P on Friday, July 29. CALDWELL BARRY H sold $944,508 worth of Waste Management, Inc. (NYSE:WM) on Friday, May 13. $1.56M worth of Waste Management, Inc. (NYSE:WM) was sold by Harris Jeff M. 12,738 shares with value of $850,318 were sold by Morris John J on Friday, August 12. On Wednesday, August 3 TREVATHAN JAMES E JR sold $66 worth of the stock or 1 shares. Fish James C Jr also sold $2.22 million worth of Waste Management, Inc. (NYSE:WM) shares.
More notable recent Waste Management, Inc. (NYSE:WM) news were published by: Businesswire.com which released: “Waste Management Names James C. Fish, Jr. Chief Executive Officer” on November 11, 2016, also Fool.com with their article: “More Trash Equals More Cash for Waste Management, Inc.” published on November 04, 2016, Fool.com published: “The Biggest Risk to Investing in Waste Management, Inc.” on October 25, 2016. More interesting news about Waste Management, Inc. (NYSE:WM) were released by: Equitiesfocus.com and their article: “Waste Management, Inc. (NYSE:WM) Reports Basic Consolidated EPS At $1.6611” published on November 11, 2016 as well as Nasdaq.com‘s news article titled: “Waste Management Inc Q3 Earnings Climb 12%” with publication date: October 26, 2016.
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.
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