Waste Management (WM) : Leonetti Associates added new position in Waste Management during the most recent quarter end. The investment management firm now holds 117,450 shares of Waste Management which is valued at $7.2 Million , the company said in a statement filed on May 13, 2016 with the SEC.Waste Management makes up approximately 2.13% of Leonetti Associates’s portfolio.
Other Hedge Funds, Including , O’shaughnessy Asset Management reduced its stake in WM by selling 24,914 shares or 18.18% in the most recent quarter. The Hedge Fund company now holds 112,128 shares of WM which is valued at $6.9 Million. Waste Management makes up approx 0.18% of O’shaughnessy Asset Management’s portfolio.Winch Advisory Services boosted its stake in WM in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 622 shares of Waste Management which is valued at $38,228. Waste Management makes up approx 0.06% of Winch Advisory Services’s portfolio. Hanlon Investment Management sold out all of its stake in WM during the most recent quarter. The investment firm sold 73,838 shares of WM which is valued $4.5 Million. Holowesko Partners Ltd. sold out all of its stake in WM during the most recent quarter. The investment firm sold 9,000 shares of WM which is valued $553,140.Northstar Investment Advisors reduced its stake in WM by selling 985 shares or 6.52% in the most recent quarter. The Hedge Fund company now holds 14,124 shares of WM which is valued at $857,186. Waste Management makes up approx 0.21% of Northstar Investment Advisors’s portfolio.
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.