Elm Advisors Lowers stake in Waste Management (WM)

Waste Management (WM) : Elm Advisors reduced its stake in Waste Management by 2.56% during the most recent quarter end. The investment management company now holds a total of 9,525 shares of Waste Management which is valued at $541,973 after selling 250 shares in Waste Management , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Waste Management makes up approximately 0.52% of Elm Advisors’s portfolio.

Waste Management closed down -0.06 points or -0.11% at $56.9 with 19,44,409 shares getting traded on Friday. Post opening the session at $57.08, the shares hit an intraday low of $56.825 and an intraday high of $57.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in WM in the latest quarter, The investment management firm added 9,410 additional shares and now holds a total of 49,026 shares of Waste Management which is valued at $2,789,579. Waste Management makes up approx 0.08% of Capstone Asset Management Co’s portfolio.Rathbone Brothers Plc reduced its stake in WM by selling 1,125 shares or 6.6% in the most recent quarter. The Hedge Fund company now holds 15,930 shares of WM which is valued at $912,630. Waste Management makes up approx 0.06% of Rathbone Brothers Plc’s portfolio. Abner Herrman Brock added WM to its portfolio by purchasing 3,995 company shares during the most recent quarter which is valued at $228,874. Waste Management makes up approx 0.06% of Abner Herrman Brock’s portfolio.Trust Co boosted its stake in WM in the latest quarter, The investment management firm added 553 additional shares and now holds a total of 50,600 shares of Waste Management which is valued at $2,898,874. Waste Management makes up approx 1.34% of Trust Co’s portfolio.Stock Yards Bank Trust Co reduced its stake in WM by selling 324 shares or 7.31% in the most recent quarter. The Hedge Fund company now holds 4,108 shares of WM which is valued at $235,347. Waste Management makes up approx 0.03% of Stock Yards Bank 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 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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