Major Move Is Coming For Waste Management, Inc. After Bullish Options Activity

 Major Move Is Coming For Waste Management, Inc. After Bullish Options Activity

In today’s session Waste Management, Inc. (WM) registered an unusually high (1,038) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious WM increase. With 1,038 contracts traded and 19064 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: WM170120C00067500 closed last at: $2.85 or 5.6% up. The stock decreased 0.04% or $0.03 on November 23, hitting $69.54. About 1.42M shares traded hands. Waste Management, Inc. (NYSE:WM) has risen 23.32% since April 22, 2016 and is uptrending. It has outperformed by 17.91% the S&P500.

Analysts await Waste Management, Inc. (NYSE:WM) to report earnings on February, 16. They expect $0.76 EPS, up 7.04% or $0.05 from last year’s $0.71 per share. WM’s profit will be $336.07 million for 22.88 P/E if the $0.76 EPS becomes a reality. After $0.84 actual EPS reported by Waste Management, Inc. for the previous quarter, Wall Street now forecasts -9.52% negative EPS growth.

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 of Waste Management, Inc. (NYSE:WM) earned “Overweight” rating by Barclays Capital on Monday, November 7. The firm has “Neutral” rating by Wedbush given on Thursday, October 13. The rating was initiated by JP Morgan on Thursday, December 17 with “Neutral”. The company was upgraded on Wednesday, October 21 by Stifel Nicolaus. As per Monday, April 25, the company rating was initiated by Bank of America. The rating was maintained by Imperial Capital on Thursday, October 29 with “In-Line”. As per Tuesday, November 1, the company rating was initiated by Goldman Sachs. On Thursday, November 5 the stock rating was maintained by Argus Research with “Buy”. On Friday, April 29 the stock rating was maintained by Wedbush with “Outperform”. Imperial Capital maintained Waste Management, Inc. (NYSE:WM) rating on Friday, February 19. Imperial Capital has “In-Line” rating and $60 price target.

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 1.19 in 2016 Q2. Its up 0.06, from 1.13 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.
Delta Lloyd Nv has 0.56% invested in the company for 249,892 shares. First Interstate Bancshares holds 0.02% or 1,705 shares in its portfolio. Livingston Group Asset Mngmt Communication (Operating As Southport Cap Management) last reported 321 shares in the company. Adirondack Tru has 18,203 shares for 0.86% of their US portfolio. Moreover, Exxonmobil Inv Mngmt Tx has 0.15% invested in Waste Management, Inc. (NYSE:WM) for 106,948 shares. The Korea-based Korea Investment has invested 0.35% in Waste Management, Inc. (NYSE:WM). Euclid Advsr Limited Liability Company holds 0.56% or 192,817 shares in its portfolio. Price T Rowe Assocs Inc Md has invested 0.01% of its portfolio in Waste Management, Inc. (NYSE:WM). Tompkins Fin accumulated 38,809 shares or 0.76% of the stock. Aspen Invest Mgmt last reported 3.99% of its portfolio in the stock. Kcg Incorporated holds 13,851 shares or 0.02% of its portfolio. Pettee Invsts Inc holds 1.03% or 16,096 shares in its portfolio. Willis Investment Counsel has invested 0.21% of its portfolio in Waste Management, Inc. (NYSE:WM). Amalgamated Bancorporation reported 35,854 shares or 0.14% of all its holdings. Kcm Investment Ltd last reported 187,414 shares in the company.

Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 13 sales for $10.79 million net activity. Shares for $2.22 million were sold by Fish James C Jr on Friday, August 5. 70,496 shares were sold by Schwartz Mark E., worth $4.64 million. $964,408 worth of Waste Management, Inc. (NYSE:WM) was sold by Harris Jeff M on Wednesday, May 25. $30,179 worth of shares were sold by POPE JOHN C on Friday, July 15. The insider Bhasin Puneet sold 11,236 shares worth $739,493. $32,388 worth of shares were sold by GROSS PATRICK W on Friday, July 15. Shares for $108,051 were sold by Carpenter Don P.

Waste Management, Inc. is a holding company. The company has a market cap of $30.75 billion. The Firm provides waste management environmental services. It has a 27.81 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 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 Wsj.com published the news titled: “Waste Management Names James Fish CEO” on November 11, 2016. Fool.com‘s news article titled: “How Donald Trump’s Presidency Could Help (or Hurt) Waste-Management Stocks” with publication date: November 23, 2016 was also an interesting one.

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