What Will Happen to Waste Management, Inc. (WM) Next? The Stock Just Reaches All Time High

July 17, 2017 - By Ellis Scott

Investors sentiment decreased to 0.95 in 2016 Q4. Its down 0.24, from 1.19 in 2016Q3. It dived, as 44 investors sold Waste Management, Inc. shares while 314 reduced holdings. 88 funds opened positions while 253 raised stakes. 320.98 million shares or 1.33% more from 316.77 million shares in 2016Q3 were reported.
The Michigan-based New Century Mngmt has invested 0.63% in Waste Management, Inc. (NYSE:WM). Old Second Savings Bank Of Aurora reported 1.21% of its portfolio in Waste Management, Inc. (NYSE:WM). The California-based Advisor Ptnrs Ltd Liability Co has invested 0.15% in Waste Management, Inc. (NYSE:WM). Monroe Commercial Bank Mi holds 14,008 shares. 34,208 were reported by Driehaus Capital Mgmt Ltd. Vestor Capital Limited Liability, a Illinois-based fund reported 118,112 shares. Moreover, Trustmark Bancshares Department has 0.05% invested in Waste Management, Inc. (NYSE:WM). Fukoku Mutual Life Insurance holds 4,100 shares or 0.05% of its portfolio. Natl Pension Ser owns 353,840 shares. 7,923 were reported by Oxbow Advsrs Limited. Berkshire Asset Management Ltd Com Pa has 2.59% invested in Waste Management, Inc. (NYSE:WM). Earnest Partners Limited Liability Co reported 257 shares stake. Cetera Advisor Ntwk Ltd invested in 10,424 shares or 0.04% of the stock. Moreover, Parkside Finance National Bank has 0.05% invested in Waste Management, Inc. (NYSE:WM) for 1,561 shares. Salem Inv Counselors stated it has 364 shares or 0% of all its holdings.

Since February 16, 2017, it had 0 insider buys, and 18 sales for $19.61 million activity. Morris John J sold 37,055 shares worth $2.71M. 3,500 Waste Management, Inc. (NYSE:WM) shares with value of $252,858 were sold by Fish James C Jr. $2.35 million worth of Waste Management, Inc. (NYSE:WM) was sold by Harris Jeff M. Rankin Devina A also sold $9,487 worth of Waste Management, Inc. (NYSE:WM) shares. 3,100 shares valued at $227,854 were sold by CALDWELL BARRY H on Friday, April 7. TREVATHAN JAMES E JR also sold $3.60 million worth of Waste Management, Inc. (NYSE:WM) on Friday, March 3.

The stock of Waste Management, Inc. (NYSE:WM) reached all time high today, Jul, 17 and still has $76.87 target or 3.00 % above today’s $74.63 share price. This indicates more upside for the $33.05B company. This technical setup was reported by Barchart.com. If the $76.87 PT is reached, the company will be worth $991.50M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 1.16M shares traded. Waste Management, Inc. (NYSE:WM) has risen 16.03% since July 17, 2016 and is uptrending. It has underperformed by 0.67% the S&P500.

Wall Street await Waste Management, Inc. (NYSE:WM) to release earnings on July, 26. Analysts forecast EPS of $0.81, up exactly $0.07 or 9.46 % from 2014’s $0.74 EPS. The expected WM’s profit could reach $358.71 million giving the stock 23.03 P/E in the case that $0.81 earnings per share is reported. After posting $0.66 EPS for the previous quarter, Waste Management, Inc.’s analysts now forecast 22.73 % EPS growth.

Waste Management, Inc. (NYSE:WM) Ratings Coverage

Among 14 analysts covering Waste Management Inc. (NYSE:WM), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. Waste Management Inc. had 26 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Tuesday, November 1 by Goldman Sachs. The rating was initiated by JP Morgan on Thursday, December 17 with “Neutral”. The stock of Waste Management, Inc. (NYSE:WM) has “Buy” rating given on Wednesday, July 5 by Oppenheimer. The stock of Waste Management, Inc. (NYSE:WM) earned “Neutral” rating by Wedbush on Tuesday, February 21. Imperial Capital maintained the shares of WM in report on Friday, February 19 with “In-Line” rating. Wedbush downgraded the shares of WM in report on Thursday, October 13 to “Neutral” rating. The firm earned “Buy” rating on Thursday, November 5 by Argus Research. The rating was maintained by Imperial Capital with “In-Line” on Friday, July 29. The stock of Waste Management, Inc. (NYSE:WM) earned “Buy” rating by Stifel Nicolaus on Wednesday, July 5. The stock of Waste Management, Inc. (NYSE:WM) has “Buy” rating given on Tuesday, July 28 by Argus Research.

More recent Waste Management, Inc. (NYSE:WM) news were published by: Gurufocus.com which released: “Windward Capital Management Co Buys Emerson Electric Co, Nordstrom Inc, Waste …” on July 17, 2017. Also Prnewswire.com published the news titled: “Stocks Under Scanner in the Waste Management Space — Darling Ingredients …” on July 12, 2017. Seekingalpha.com‘s news article titled: “Waste Management: One Of Bill Gates’s Top Dividend Stocks Provides Safe Income” with publication date: June 30, 2017 was also an interesting one.

Waste Management, Inc. is a holding company. The company has market cap of $33.05 billion. The Company, through its subsidiaries, is a well-known provider of waste management environmental services. It has a 27.15 P/E ratio. The Company’s divisions include Solid Waste and Other.

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