Btr Capital Management Inc Lowers stake in Waste Management (WM)

Waste Management (WM) : Btr Capital Management Inc reduced its stake in Waste Management by 6.82% during the most recent quarter end. The investment management company now holds a total of 12,972 shares of Waste Management which is valued at $802,707 after selling 950 shares in Waste Management , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Waste Management makes up approximately 0.18% of Btr Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Pennsylvania Trust Co boosted its stake in WM in the latest quarter, The investment management firm added 1,373 additional shares and now holds a total of 48,463 shares of Waste Management which is valued at $2,998,890. Waste Management makes up approx 0.25% of Pennsylvania Trust Co’s portfolio.W.g. Shaheen Associates Dba Whitney Co reduced its stake in WM by selling 40 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 32,210 shares of WM which is valued at $1,987,357. Waste Management makes up approx 0.81% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Chicago Trust Co Na reduced its stake in WM by selling 1,325 shares or 9.76% in the most recent quarter. The Hedge Fund company now holds 12,250 shares of WM which is valued at $764,768. Waste Management makes up approx 0.35% of Chicago Trust Co Na’s portfolio. Naples Global Advisors sold out all of its stake in WM during the most recent quarter. The investment firm sold 24,740 shares of WM which is valued $1,553,177. Lvm Capital Management Ltdmi sold out all of its stake in WM during the most recent quarter. The investment firm sold 403,853 shares of WM which is valued $25,204,466.

Waste Management opened for trading at $61.85 and hit $62.46 on the upside on Friday, eventually ending the session at $61.88, with a gain of 0.29% or 0.18 points. The heightened volatility saw the trading volume jump to 18,69,137 shares. Company has a market cap of $27,369 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. Shares were Downgraded by Wedbush on Oct 13, 2016 to ” Neutral” and Lowered the Price Target to $ 68 from a previous price target of $73 .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.

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.

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