Traders sold shares of Waste Management Inc. (NYSE:WM) on strength during trading 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

Several equities analysts have issued reports on the stock. Oppenheimer Holdings Inc. assumed coverage on shares of Waste Management in a research note on Wednesday, May 4th. They issued an “outperform” rating and a $67.00 price objective for the company. Wedbush restated a “buy” rating on shares of Waste Management in a research note on Saturday, April 30th. Zacks Investment Research downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Bank of America Corp. started coverage on shares of Waste Management in a research note on Monday, April 25th. They set a “neutral” rating and a $60.00 target price for the company. Finally, Vetr downgraded shares of 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. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Waste Management has an average rating of “Buy” and a consensus target price of $67.22.

The firm has a 50-day moving average price of $66.63 and a 200 day moving average price of $60.83. The firm has a market capitalization of $28.74 billion and a price-to-earnings ratio of 25.39.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. During the same period in the prior year, the company posted $0.67 earnings per share. The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.40 billion. Waste Management’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts predict that Waste Management Inc. will post $2.85 earnings per share for the current year.

In related news, VP Don P. Carpenter sold 1,200 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $60.61, for a total transaction of $72,732.00. Following the completion of the transaction, the vice president now directly owns 20,006 shares in the company, valued at approximately $1,212,563.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Mark E. Schwartz sold 70,496 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $65.89, for a total transaction of $4,644,981.44. Following the transaction, the vice president now owns 67,117 shares of the company’s stock, valued at $4,422,339.13. The disclosure for this sale can be found here.

A number of institutional investors recently added to or reduced their stakes in WM. Jennison Associates LLC bought a new position in Waste Management during the fourth quarter valued at approximately $1,460,000. Calvert Investment Management Inc. boosted its position in Waste Management by 37.9% in the fourth quarter. Calvert Investment Management Inc. now owns 30,753 shares of the company’s stock valued at $1,641,000 after buying an additional 8,450 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Waste Management during the fourth quarter valued at approximately $1,880,000. 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. Finally, KBC Group NV boosted its position in Waste Management by 3.8% in the fourth quarter. KBC Group NV now owns 52,564 shares of the company’s stock valued at $2,805,000 after buying an additional 1,900 shares during the last quarter.

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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