Baker Chad R Lowers stake in Waste Management (WM)

Waste Management (WM) : Baker Chad R reduced its stake in Waste Management by 0.49% during the most recent quarter end. The investment management company now holds a total of 86,450 shares of Waste Management which is valued at $4,874,916 after selling 425 shares in Waste Management , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Waste Management makes up approximately 2.19% of Baker Chad R’s portfolio.

Waste Management opened for trading at $56.32 and hit $56.62 on the upside on Friday, eventually ending the session at $56.39, with a gain of 0.07% or 0.04 points. The heightened volatility saw the trading volume jump to 28,10,796 shares. Company has a market cap of $25,130 M.

Other Hedge Funds, Including , Advocacy Wealth Management Services reduced its stake in WM by selling 300 shares or 37.5% in the most recent quarter. The Hedge Fund company now holds 500 shares of WM which is valued at $28,195. Waste Management makes up approx 0.01% of Advocacy Wealth Management Services’s portfolio.Private Trust Co Na reduced its stake in WM by selling 215 shares or 5.6% in the most recent quarter. The Hedge Fund company now holds 3,627 shares of WM which is valued at $204,527. Waste Management makes up approx 0.05% of Private Trust Co Na’s portfolio.W.g. Shaheen Associates Dba Whitney Co reduced its stake in WM by selling 200 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 32,250 shares of WM which is valued at $1,835,025. Waste Management makes up approx 0.78% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Independent Portfolio Consultants boosted its stake in WM in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 2,410 shares of Waste Management which is valued at $137,129. Waste Management makes up approx 0.04% of Independent Portfolio Consultants’s portfolio.Charter Trust Co reduced its stake in WM by selling 300 shares or 4.99% in the most recent quarter. The Hedge Fund company now holds 5,709 shares of WM which is valued at $327,069. Waste Management makes up approx 0.04% of Charter Trust Co’s portfolio.

On the company’s financial health, Waste Management reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.68. The company had revenue of $3246.00 million for the quarter, compared to analysts expectations of $3289.21 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Waste Management. Waste Management was Initiated by BofA/Merrill to “Neutral” on Apr 25, 2016. Waste Management was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016. Company shares were Reiterated by Barclays on Feb 23, 2016 to “Overweight”, Firm has raised the Price Target to $ 60 from a previous price target of $58 .

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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