Waste Management (WM) : Afam Capital reduced its stake in Waste Management by 5.59% during the most recent quarter end. The investment management company now holds a total of 143,481 shares of Waste Management which is valued at $8.8 Million after selling 8,496 shares in Waste Management , the firm said in a disclosure report filed with the SEC on May 13, 2016.Waste Management makes up approximately 1.47% of Afam Capital’s portfolio.
Other Hedge Funds, Including , Guyasuta Investment Advisors Inc boosted its stake in WM in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 17,002 shares of Waste Management which is valued at $1 Million. Waste Management makes up approx 0.14% of Guyasuta Investment Advisors Inc’s portfolio. Bradley Foster Sargent Incct added WM to its portfolio by purchasing 4,542 company shares during the most recent quarter which is valued at $279,151. Waste Management makes up approx 0.01% of Bradley Foster Sargent Incct’s portfolio.Liberty Mutual Group Asset Management boosted its stake in WM in the latest quarter, The investment management firm added 1,491 additional shares and now holds a total of 26,193 shares of Waste Management which is valued at $1.6 Million. Waste Management makes up approx 0.07% of Liberty Mutual Group Asset Management’s portfolio.Us Financial Advisors reduced its stake in WM by selling 1,075 shares or 98.9% in the most recent quarter. The Hedge Fund company now holds 12 shares of WM which is valued at $728.
Waste Management closed down -0.4 points or -0.66% at $60.64 with 22,76,993 shares getting traded on Wednesday. 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 fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Waste Management reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.55. The company had revenue of $3176.00 million for the quarter, compared to analysts expectations of $3084.63 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Investors should note that 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.
Many Wall Street Analysts have commented on Waste Management. Company shares were Reiterated by Imperial Capital on Apr 29, 2016 to “In-line”, Firm has raised the Price Target to $ 62 from a previous price target of $60 .Company shares were Reiterated by Wedbush on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $60 .Waste Management was Initiated by BofA/Merrill to “Neutral” on Apr 25, 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.