How JP Morgan Currently Rates Waste Mgmt (NYSE:WM)
In an analyst research report sent to clients and investors today, JP Morgan analysts launched Waste Mgmt (NYSE:WM) coverage with Neutral rating.
From a total of 7 analysts covering Waste Management Inc. (NYSE:WM) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 43% of the ratings are positive. The highest target price is $65 while the lowest target price is $54. The mean of all analyst targets is $59.14 with a 10.23% above today’s ($53.98) stock price. Waste Management Inc. was the topic of 6 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Credit Suisse initiated shares on November 6 with “Outperform” rating. Imperial Capital maintained WM stock in a recent report from October 29 with “In-Line” rating. Finally, Stifel Nicolaus upgraded the stock to “Buy” rating in a report issued on an October 21.
Approximately 280,647 shares of stock traded hands. Waste Management, Inc. (NYSE:WM) has risen 8.47% since May 14, 2015 and is uptrending. It has outperformed by 10.73% the S&P500.
The overall sentiment of institutions has increased to 1.1 in Q2 2015. Its up 0.03, from 1.07 in 2015Q2. The ratio is positive, as 51 institutions have sold all the shares of Waste Management, Inc. that they owned while 261 funds have taken shares off the table. 58 funds have purchased shares for the first time while 284 added to their positions. These institutions now hold 311.70 million shares or 9.14% less than the 343.03 million shares they owned in 2015Q2.
The Fund Bodri Capital Management Llc currently is holding shares equating to 5.95% of its total portfolio in Waste Management, Inc. representing a total of 120,000 shares. Another fund,Bill & Melinda Gates Foundation Trust, is holding a total of 18.63 million shares equating to 5.38% of their holdings. Additionally, Caldwell & Orkin Inc has a 131,780 share stake in Waste Management, Inc. which represents 4.17% of their total portfolio. The Fund, Westchester Capital Management Inc., based out of Nebraska, has also built up a stake in the stock, which represents a total of 4.15% of their total portfolio. Finally Aspen Investment Management Inc, a fund which is based in the state of Michigan reported a total holdings of 73,331 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 3, 2015, shareholders of Waste Management, Inc. have witnessed 0 insider buys, and a total of 8 selling transactions equating to a net activity of approximately $3.47 million . Caldwell Barry H sold 4,262 shares worth approximately $221,814. Schwartz Mark E. sold 4,983 shares worth approximately $259,368. Fish James C Jr sold 54,143 shares worth approximately $2.81 million. Clark Frank M sold 626 shares worth approximately $30,794. The company insider Gross Patrick W sold 673 shares worth $32,863.
Waste Management, Inc. is a holding company. The company has a market cap of $24.09 billion. The Company, through its subsidiaries, provides waste management environmental services. It has 23.16 P/E ratio. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focus on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.
According to Zacks Investment Research, “Waste Management Inc. provides integrated waste management services in North America and internationally. In North America, the company provides solid waste management services including collection, transfer, recycling and resource recovery services, and disposal services. Included in its international operations is the collection and transportation of solid, hazardous and medical wastes and recyclable materials and the treatment and disposal of recyclable materials.”