Waste Management (WM) : Afam Capital reduced its stake in Waste Management by 23.93% during the most recent quarter end. The investment management company now holds a total of 109,144 shares of Waste Management which is valued at $7,276,630 after selling 34,337 shares in Waste Management , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Waste Management makes up approximately 1.14% of Afam Capital’s portfolio.
Other Hedge Funds, Including , Echo Street Capital Management added WM to its portfolio by purchasing 183,015 company shares during the most recent quarter which is valued at $12,201,610. Waste Management makes up approx 0.49% of Echo Street Capital Management’s portfolio.Allianz Asset Management Ag boosted its stake in WM in the latest quarter, The investment management firm added 17,420 additional shares and now holds a total of 412,156 shares of Waste Management which is valued at $27,478,441. Waste Management makes up approx 0.04% of Allianz Asset Management Ag’s portfolio.Hamilton Point Investment Advisors boosted its stake in WM in the latest quarter, The investment management firm added 1,310 additional shares and now holds a total of 29,191 shares of Waste Management which is valued at $1,946,164. Waste Management makes up approx 1.23% of Hamilton Point Investment Advisors’s portfolio.Buckhead Capital Management boosted its stake in WM in the latest quarter, The investment management firm added 330 additional shares and now holds a total of 9,295 shares of Waste Management which is valued at $608,915. Waste Management makes up approx 0.11% of Buckhead Capital Management’s portfolio.Intersect Capital boosted its stake in WM in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 28,759 shares of Waste Management which is valued at $1,921,676. Waste Management makes up approx 1.13% of Intersect Capital’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.
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.