Waste Management (WM) : Gw Henssler Associates Ltd reduced its stake in Waste Management by 3.09% during the most recent quarter end. The investment management company now holds a total of 121,152 shares of Waste Management which is valued at $6,831,761 after selling 3,863 shares in Waste Management , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Waste Management makes up approximately 0.80% of Gw Henssler Associates Ltd’s portfolio.
Waste Management closed down -0.13 points or -0.23% at $56.4 with 50,57,301 shares getting traded on Wednesday. Post opening the session at $56.59, the shares hit an intraday low of $56.07 and an intraday high of $56.76 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Valley National Advisers Inc reduced its stake in WM by selling 3,833 shares or 6.7% in the most recent quarter. The Hedge Fund company now holds 53,414 shares of WM which is valued at $3,012,015. Waste Management makes up approx 1.59% of Valley National Advisers Inc’s portfolio.Deroy Devereaux Private Investment Counsel Inc reduced its stake in WM by selling 5,209 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 224,056 shares of WM which is valued at $12,748,786. Waste Management makes up approx 1.73% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.1st Global Advisors boosted its stake in WM in the latest quarter, The investment management firm added 1,404 additional shares and now holds a total of 11,800 shares of Waste Management which is valued at $671,420. Waste Management makes up approx 0.09% of 1st Global Advisors’s portfolio.Carnegie Capital Asset Management boosted its stake in WM in the latest quarter, The investment management firm added 202 additional shares and now holds a total of 78,357 shares of Waste Management which is valued at $4,458,513. Waste Management makes up approx 0.67% of Carnegie Capital Asset Management’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.