Bearish Options Activity on Waste Management, Inc. After Worse Fundamentals

 Bearish Options Activity on Waste Management, Inc. After Worse Fundamentals

In today’s session Waste Management, Inc. (WM) recorded an unusually high (802) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious WM decrease. With 802 contracts traded and 13694 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: WM170120P00062500 closed last at: $0.8 or 20% down. About 346,970 shares traded hands. Waste Management, Inc. (NYSE:WM) has risen 18.18% since April 12, 2016 and is uptrending. It has outperformed by 13.20% the S&P500.

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. $71 is the highest target while $58 is the lowest. The $66.14 average target is -2.12% below today’s ($67.57) stock price. Waste Management Inc. has been the topic of 21 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Imperial Capital maintained Waste Management, Inc. (NYSE:WM) on Thursday, October 29 with “In-Line” rating. Sterne Agee CRT initiated Waste Management, Inc. (NYSE:WM) on Tuesday, March 22 with “Neutral” rating. The company was downgraded on Thursday, October 13 by Wedbush. The stock of Waste Management, Inc. (NYSE:WM) earned “Neutral” rating by JP Morgan on Thursday, December 17. The firm has “Neutral” rating given on Monday, April 25 by Bank of America. The firm has “Neutral” rating by Macquarie Research given on Friday, August 26. The company was maintained on Friday, July 29 by Imperial Capital. As per Tuesday, July 28, the company rating was upgraded by Argus Research. The rating was downgraded by Barclays Capital on Tuesday, August 9 to “Equal-Weight”. As per Friday, April 29, the company rating was maintained by Wedbush.

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.
Impax Asset Limited has 1.53% invested in the company for 463,425 shares. Papp L Roy & Assoc, a Arizona-based fund reported 7,773 shares. The Virginia-based Palladium Prns Ltd Liability has invested 0.03% in Waste Management, Inc. (NYSE:WM). Atlanta Grp reported 4,960 shares or 0.07% of all its holdings. Garland Capital Mngmt Incorporated accumulated 75,450 shares or 3.99% of the stock. Hedeker Wealth Limited Liability Corporation has invested 0.22% of its portfolio in Waste Management, Inc. (NYSE:WM). Asset Management Incorporated holds 0.11% or 42,383 shares in its portfolio. Sg Americas Securities Lc has 0.06% invested in the company for 128,736 shares. Connable Office Inc last reported 36,031 shares in the company. Cornerstone Advisors accumulated 355 shares or 0.02% of the stock. Panagora Asset Mngmt Inc has 0.07% invested in the company for 206,165 shares. Elm Advsr Ltd has 9,525 shares for 0.6% of their US portfolio. State Street Corporation accumulated 0.14% or 19.54M shares. Croft holds 0.11% or 7,197 shares in its portfolio. Checchi Cap Advisers Limited Co last reported 7,331 shares in the company.

Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 16 insider sales for $11.83 million net activity. REUM W ROBERT sold $52,107 worth of Waste Management, Inc. (NYSE:WM) on Friday, July 15. Carpenter Don P had sold 1,200 shares worth $72,726. $61 worth of shares were sold by Schwartz Mark E. on Friday, May 20. Bhasin Puneet also sold $739,493 worth of Waste Management, Inc. (NYSE:WM) shares. TREVATHAN JAMES E JR sold $66 worth of stock. Another trade for 449 shares valued at $30,179 was made by POPE JOHN C on Friday, July 15. 12,738 shares were sold by Morris John J, worth $850,318 on Friday, August 12.

Waste Management, Inc. is a holding company. The company has a market cap of $30.35 billion. The Firm provides waste management environmental services. It has a 27.02 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.

More important recent Waste Management, Inc. (NYSE:WM) news were published by: Fool.com which released: “More Trash Equals More Cash for Waste Management, Inc.” on November 04, 2016, also Businesswire.com published article titled: “Waste Management Announces Cash Dividend”, 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) was released by: Seekingalpha.com and their article: “Waste Management: Avoid” with publication date: November 07, 2016.

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