1,738K shares changed hands by the end of trading on Friday. Volume was down 35.27% under the stocks average daily volume.
Traders are more bearish on shares of Waste Management, Inc. lately if you watch the change in short interest. The company realized a rise in short interest from August 15, 2017 to August 31, 2017 of 121.34%. Short interest increased 4,718,439 over that period. With short interest at 8,607,167 and short average daily volume at 1,525,262, the short-interest ratio is 6.0 and the percentage of shorted shares is 0.02% as of August 31.
Here is a rundown on some insider market activity for Waste Management, Inc. (NYSE:WM). Patrick W. Gross, Director sold $36,369 worth of shares at an average price of $74.68 on Tue the 18th. That brings Gross’s holdings to $1,697,850 as recorded in a recent Form 4 SEC filing. Frank M. Clark, Director sold $33,794 worth of shares at an average price of $74.60 on July 18th. Clark now owns $2,222,632 of stock per an SEC filing yesterday.
Director Thomas H. Weidemeyer sold 477 shares at an average price of $74.80 on Tue the 18th. The Director now owns $1,873,441 of the stock as reported to the SEC.
A few notable investment firms have updated their holdings. As of the end of the quarter Koshinski Asset Management, Inc. had acquired 1,631 shares growing its holdings by 51.0%. The value of the investment in WM went from $233,000 to $354,185,000 a change of 151,910.7% since the last quarter. As of quarter end Next Financial Group, Inc had bought a total of 185 shares growing its stake by 3.3%. The value of the investment in Waste Management, Inc. increased from $405,000 to $422,000,000 a change of $421,595,000 for the reporting period.
As of quarter end Cantab Capital Partners Llp had acquired 13,539 shares growing its position 418.6%. The value of the company’s investment in Waste Management, Inc. went from $236,000 to $1,230,000,000 increasing 521,086.4% quarter to quarter. Perigon Wealth Management, LLC divested its position by selling 2,895 shares a decrease of 64.3% from 03/31/2017 to 06/30/2017. Perigon Wealth Management, LLC owns 1,607 shares worth $118,000. The total value of its holdings decreased 64.0%.
On June 30, 2017 BMO Capital started coverage giving it an initial rating of “Outperform”.
The company is now down by 0.10%% since yesterday’s close of 78.28. The company declared a dividend that was paid on Friday the 22nd of September 2017. The dividend was $0.425 per share for the quarter or $1.70 annualized. This dividend amount represented a yield of $2.17. The ex-dividend date was set for Thursday the 7th of September 2017.
The stock last traded at $78.20 just a bit higher than $76.29, the 50 day moving average and slightly over the 200 day moving average of $73.93. The 50 day moving average went up $1.91 or +2.51% whereas the 200 day moving average was up $4.27 or +5.78%.
The company currently has a P/E ratio of 26.78 and the market value is 34.41B. In the latest earnings report the EPS was $2.92 and is expected to be $3.19 for the current year with 440,035,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.83 with next year’s EPS projected to be $3.51.
Waste Management, Inc. (WM), launched on April 28, 1995, is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Business’s segments include Solid Waste and Other. The Business’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties..Advertisement