Waste Management (WM) : East Coast Asset Management. scooped up 1,194 additional shares in Waste Management during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 75,767 shares of Waste Management which is valued at $4.7 Million.Waste Management makes up approximately 2.48% of East Coast Asset Management.’s portfolio.
Other Hedge Funds, Including , Roof Eidam Maycockadv added WM to its portfolio by purchasing 25,855 company shares during the most recent quarter which is valued at $1.6 Million. Waste Management makes up approx 1.10% of Roof Eidam Maycockadv’s portfolio.Ifc Holdings Incorporatedfl reduced its stake in WM by selling 262 shares or 4.2% in the most recent quarter. The Hedge Fund company now holds 5,974 shares of WM which is valued at $362,562. Waste Management makes up approx 0.05% of Ifc Holdings Incorporatedfl’s portfolio. Bank Of Stockton added WM to its portfolio by purchasing 3,970 company shares during the most recent quarter which is valued at $233,396. Waste Management makes up approx 0.13% of Bank Of Stockton’s portfolio.
Waste Management closed down -0.01 points or -0.02% at $61.45 with 14,63,478 shares getting traded on Monday. Post opening the session at $61.25, the shares hit an intraday low of $61 and an intraday high of $61.63 and the price fluctuated in this range throughout the day.Shares ended Monday 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.
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.