Waste Management Inc (WM) Files Form 4 Insider Selling : Jeff M Harris Sells 15,800 Shares

Waste Management Inc (WM): Jeff M Harris , Senior Vice President of Waste Management Inc sold 15,800 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $61.04 per share for a total value of $964,407.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, Don P Carpenter (VP & Chief Acctg Officer) sold 1,200 shares at $60.60 per share price.On May 17, 2016, Barry H Caldwell (Senior Vice President) sold 15,234 shares at $62.00 per share price.Also, On May 16, 2016, Jeff M Harris (Senior Vice President) sold 0 shares at $61.30 per share price.On May 4, 2016, John J Morris (Sr VP Field Operations) sold 33,914 shares at $59.57 per share price.

Shares of Waste Management (WM) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.4 points or -0.66% at $60.64 with 22,76,993 shares getting traded. Post opening the session at $61.05, the shares hit an intraday low of $60.55 and an intraday high of $61.19 and the price vacillated in this range throughout the day. The company has a market cap of $26,940 M and the number of outstanding shares has been calculated to be 44,42,61,670 shares. The 52-week high of Waste Management is $62.05 and the 52-week low is $45.86.

Waste Management Money Flow Index Chart

On May 11, 2016, Waste Management announced a cash dividend of $0.4100. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 17, 2016.

Company has been under the radar of several Street Analysts.Waste Management is Reiterated by Imperial Capital to In-line and the brokerage firm has raised the Price Target to $ 62 from a previous price target of $60 .The Rating was issued on Apr 29, 2016.Waste Management is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 62 from a previous price target of $60 .The Rating was issued on Apr 29, 2016.Waste Management is Initiated by BofA/Merrill to Neutral. The Rating was issued on Apr 25, 2016.Waste Management is Initiated by Sterne Agee CRT to Neutral. The Rating was issued on Mar 22, 2016.

Waste Management Inc. is a holding company. The Company through its subsidiaries provides waste management environmental services. 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. The Company develops operates and owns landfill gas-to-energy facilities in the United States. The Company’s segments include Tier 1 which comprises areas in the Southern United States; Tier 2 which comprises areas located in the Midwest and Northeast United States and Tier 3 which encompasses the remaining areas including the Northwest and Mid-Atlantic regions of the United States and Eastern Canada. The Company owns or operates 252 landfill sites. It manages 298 transfer stations that consolidate compact and transport waste.

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Waste Management - Is it time to Sell?

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