November 21, 2016 - By Clifton Ray · 0 Comments
The stock of Waste Management Incorporated (NYSE:WM) registered an increase of 9.34% in short interest. WM’s total short interest was 4.64M shares in November as published by FINRA. Its up 9.34% from 4.25M shares, reported previously. With 2.48 million shares average volume, it will take short sellers 2 days to cover their WM’s short positions. The short interest to Waste Management Incorporated’s float is 1.05%. About 159,320 shares traded hands. Waste Management, Inc. (NYSE:WM) has risen 20.60% since April 19, 2016 and is uptrending. It has outperformed by 16.74% the S&P500.
Waste Management, Inc. is a holding company. The company has a market cap of $30.60 billion. The Firm provides waste management environmental services. It has a 27.64 P/E ratio. The Company’s divisions include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other.
Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.06, from 1.13 in 2016Q1. The ratio is positive, 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.
Northeast Consultants, a Connecticut-based fund reported 5,000 shares. Tradition Cap Ltd has invested 0.12% of its portfolio in Waste Management, Inc. (NYSE:WM). Boston Private Wealth Lc last reported 53,343 shares in the company. Commonwealth Svcs Limited Com accumulated 5,442 shares or 0.43% of the stock. Tsp Grp Ltd Llc reported 85,988 shares or 2.95% of all its holdings. The West Virginia-based Ntv Asset Mngmt has invested 0.85% in Waste Management, Inc. (NYSE:WM). Windward Capital Mgmt Ca owns 4,269 shares or 0.05% of their US portfolio. High Point Commercial Bank Trust holds 0.02% or 1,000 shares in its portfolio. Fukoku Mutual Life Ins last reported 4,700 shares in the company. Focused Wealth Inc last reported 102 shares in the company. The Wisconsin-based Sii Invs Wi has invested 0.03% in Waste Management, Inc. (NYSE:WM). Forest Hill Ltd Liability has 5,030 shares for 0.04% of their US portfolio. Brown Advisory has 0.01% invested in the company for 41,603 shares. Mirae Asset Global Investments last reported 46,057 shares in the company. Moreover, Chicago Equity Ptnrs Limited Liability has 0.15% invested in Waste Management, Inc. (NYSE:WM) for 79,595 shares.
Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 13 sales for $10.79 million net activity. $739,493 worth of Waste Management, Inc. (NYSE:WM) was sold by Bhasin Puneet on Tuesday, August 9. The insider Fish James C Jr sold $2.22 million. 449 Waste Management, Inc. (NYSE:WM) shares with value of $30,179 were sold by POPE JOHN C. $52,107 worth of Waste Management, Inc. (NYSE:WM) shares were sold by REUM W ROBERT. 449 shares were sold by CLARK FRANK M, worth $30,178 on Friday, July 15. Harris Jeff M had sold 23,798 shares worth $1.56 million. TREVATHAN JAMES E JR sold $66 worth of stock.
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 firm has “Neutral” rating given on Tuesday, March 22 by Sterne Agee CRT. The company was initiated on Monday, April 25 by Bank of America. The rating was initiated by Goldman Sachs on Tuesday, November 1 with “Sell”. Stifel Nicolaus upgraded it to “Buy” rating and $60 target price in Wednesday, October 21 report. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, August 9. The firm earned “Outperform” rating on Friday, April 29 by Wedbush. The stock has “Buy” rating given by Argus Research on Tuesday, July 28. The firm has “Neutral” rating given on Thursday, December 17 by JP Morgan. The rating was maintained by Imperial Capital with “In-Line” on Friday, February 19. The stock of Waste Management, Inc. (NYSE:WM) has “Neutral” rating given on Thursday, October 13 by Wedbush.
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 Fool.com published article titled: “The Biggest Risk to Investing in Waste Management, Inc.”, Prnewswire.com published: “Empire Diversified Energy Announces Master Services Agreement with Waste …” on November 16, 2016. More interesting news about Waste Management, Inc. (NYSE:WM) was released by: Wsj.com and their article: “Waste Management Names James Fish CEO” with publication date: November 11, 2016.
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By Clifton Ray