Waste Management (WM) : Berkshire Asset Managementpa reduced its stake in Waste Management by 0.81% during the most recent quarter end. The investment management company now holds a total of 269,305 shares of Waste Management which is valued at $18,250,800 after selling 2,204 shares in Waste Management , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Waste Management makes up approximately 2.70% of Berkshire Asset Managementpa’s portfolio.
Other Hedge Funds, Including , Acadian Asset Management reduced its stake in WM by selling 150,326 shares or 7.37% in the most recent quarter. The Hedge Fund company now holds 1,889,538 shares of WM which is valued at $128,053,990. Waste Management makes up approx 0.63% of Acadian Asset Management’s portfolio.Leavell Investment Management boosted its stake in WM in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 45,395 shares of Waste Management which is valued at $3,076,419. Waste Management makes up approx 0.44% of Leavell Investment Management’s portfolio.Independent Portfolio Consultants reduced its stake in WM by selling 255 shares or 10.58% in the most recent quarter. The Hedge Fund company now holds 2,155 shares of WM which is valued at $144,881. Waste Management makes up approx 0.04% of Independent Portfolio Consultants’s portfolio.Gradient Investments reduced its stake in WM by selling 52 shares or 58.43% in the most recent quarter. The Hedge Fund company now holds 37 shares of WM which is valued at $2,488.Nn Investment Partners Holdings N.v. boosted its stake in WM in the latest quarter, The investment management firm added 15,380 additional shares and now holds a total of 191,816 shares of Waste Management which is valued at $13,007,043. Waste Management makes up approx 0.12% of Nn Investment Partners Holdings N.v.’s portfolio.
Waste Management opened for trading at $67.56 and hit $67.83 on the upside on Wednesday, eventually ending the session at $67.77, with a gain of 0.22% or 0.15 points. The heightened volatility saw the trading volume jump to 11,16,215 shares. Company has a market cap of $30,108 M.
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 Stifel on Jul 18, 2016 to “Buy”, Firm has raised the Price Target to $ 75 from a previous price target of $70 .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 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.