CEO Sells 5,706 Shares at $230.87, Institutional Stake Grows 16.9%

WMWM

CEO James C. Fish Jr. sold 5,706 shares at $230.87 each, retaining 220,087 shares in his portfolio. Envestnet Asset Management increased its stake by 16.9% to 1,001,706 shares, adding 144,860 shares valued at $221.2 million.

1. CEO Stock Sale

Waste Management CEO James C. Fish Jr. sold 5,706 shares on February 10 at $230.87 apiece, leaving him with 220,087 shares. This transaction represents a minor liquidity event but may signal personal portfolio rebalancing.

2. Institutional Stake Increase

Envestnet Asset Management raised its position by 16.9%, adding 144,860 shares to reach 1,001,706 shares, equivalent to about 0.25% of the company. This acquisition, valued at $221.2 million, underscores growing institutional confidence in the business.

3. Other Investor Activity and Market Metrics

Peregrine Asset Advisers boosted its holding by 372.5% to 5,046 shares ($1.1 million), while Telos Capital Management increased its stake by 10.1%. The stock is trading between the day's range of $229 and $233.50, with a 52-week high of $242.58, a low of $194.11, a market cap of about $93.48 billion and a volume of roughly 1.04 million shares.

Sources

F