Waste Management (WM) : Tctc Holdings reduced its stake in Waste Management by 0.48% during the most recent quarter end. The investment management company now holds a total of 526,250 shares of Waste Management which is valued at $35,085,088 after selling 2,560 shares in Waste Management , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Waste Management makes up approximately 2.26% of Tctc Holdings’s portfolio.
Other Hedge Funds, Including , Forest Hill Capital reduced its stake in WM by selling 1,000 shares or 16.58% in the most recent quarter. The Hedge Fund company now holds 5,030 shares of WM which is valued at $335,350. Waste Management makes up approx 0.04% of Forest Hill Capital’s portfolio.Aperio Group boosted its stake in WM in the latest quarter, The investment management firm added 22,168 additional shares and now holds a total of 232,122 shares of Waste Management which is valued at $15,475,574. Waste Management makes up approx 0.12% of Aperio Group’s portfolio.Ingalls Snyder boosted its stake in WM in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 27,570 shares of Waste Management which is valued at $1,838,092. Waste Management makes up approx 0.10% of Ingalls Snyder’s portfolio. Herndon Capital Management added WM to its portfolio by purchasing 38 company shares during the most recent quarter which is valued at $2,513.Willingdon Wealth Management reduced its stake in WM by selling 1,767 shares or 5.39% in the most recent quarter. The Hedge Fund company now holds 30,996 shares of WM which is valued at $2,082,931. Waste Management makes up approx 1.03% of Willingdon Wealth Management’s portfolio.
Waste Management opened for trading at $63.98 and hit $64.13 on the upside on Thursday, eventually ending the session at $64, with a gain of 0.09% or 0.06 points. The heightened volatility saw the trading volume jump to 22,25,297 shares. Company has a market cap of $28,306 M.
On the company’s financial health, Waste Management reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.71. The company had revenue of $3425.00 million for the quarter, compared to analysts expectations of $3403.58 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Investors should note that on Aug 25, 2016, Waste Management announced a cash dividend of $0.4100. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 23, 2016.
Many Wall Street Analysts have commented on Waste Management. Macquarie Initiated Waste Management on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $69.Waste Management was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Aug 9, 2016. Company shares were Downgraded by Barclays on Aug 9, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 70 from a previous price target of $66 .
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.