Traders sold shares of Waste Management Inc. (NYSE:WM) on strength during trading hours on Friday. $10.53 million flowed into the stock on the tick-up and $26.99 million flowed out of the stock on the tick-down, for a money net flow of $16.46 million out of the stock. Of all companies tracked, Waste Management had the 0th highest net out-flow for the day. Waste Management traded up $0.05 for the day and closed at $64.97

WM has been the subject of a number of recent research reports. Bank of America Corp. initiated coverage on Waste Management in a research note on Monday, April 25th. They issued a “neutral” rating and a $60.00 target price for the company. Imperial Capital boosted their target price on Waste Management from $60.00 to $62.00 and gave the company an “in-line” rating in a research note on Friday, April 29th. Wedbush boosted their target price on Waste Management from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, April 29th. Vetr lowered Waste Management from a “buy” rating to a “hold” rating and set a $61.80 target price for the company. in a research note on Monday, May 2nd. Finally, Zacks Investment Research lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $67.22.

The stock has a market cap of $28.74 billion and a PE ratio of 25.39. The firm has a 50-day moving average price of $66.63 and a 200-day moving average price of $60.83.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that Waste Management Inc. will post $2.85 earnings per share for the current fiscal year.

In related news, SVP John J. Morris sold 12,738 shares of Waste Management stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $66.75, for a total value of $850,261.50. Following the completion of the transaction, the senior vice president now owns 29,696 shares in the company, valued at $1,982,208. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Don P. Carpenter sold 1,200 shares of Waste Management stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $60.61, for a total value of $72,732.00. Following the completion of the transaction, the vice president now owns 20,006 shares of the company’s stock, valued at approximately $1,212,563.66. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its position in Waste Management by 210.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 361,036 shares of the company’s stock valued at $19,268,000 after buying an additional 244,902 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Waste Management by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,199,150 shares of the company’s stock valued at $64,006,000 after buying an additional 80,357 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Waste Management during the fourth quarter valued at approximately $2,669,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Waste Management during the fourth quarter valued at approximately $1,880,000. Finally, Jennison Associates LLC bought a new position in Waste Management during the fourth quarter valued at approximately $1,460,000.

Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments 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.

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