Capital Innovations Lowers stake in Waste Management (WM)

Waste Management (WM) : Capital Innovations reduced its stake in Waste Management by 25.58% during the most recent quarter end. The investment management company now holds a total of 16,205 shares of Waste Management which is valued at $1,080,387 after selling 5,570 shares in Waste Management , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Waste Management makes up approximately 3.02% of Capital Innovations’s portfolio.

Other Hedge Funds, Including , Profund Advisors boosted its stake in WM in the latest quarter, The investment management firm added 3,293 additional shares and now holds a total of 12,119 shares of Waste Management which is valued at $807,974. Waste Management makes up approx 0.04% of Profund Advisors’s portfolio. Sii Investments Incwi added WM to its portfolio by purchasing 4,677 company shares during the most recent quarter which is valued at $306,390. Waste Management makes up approx 0.02% of Sii Investments Incwi’s portfolio.Hudock Capital Group boosted its stake in WM in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 1,715 shares of Waste Management which is valued at $112,881. Waste Management makes up approx 0.06% of Hudock Capital Group’s portfolio. Mitchell Mcleod Pugh Williams Inc added WM to its portfolio by purchasing 3,138 company shares during the most recent quarter which is valued at $210,968. Waste Management makes up approx 0.16% of Mitchell Mcleod Pugh Williams Inc’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.

Waste Management opened for trading at $64.1 and hit $64.56 on the upside on Monday, eventually ending the session at $64.37, with a gain of 0.63% or 0.4 points. The heightened volatility saw the trading volume jump to 22,33,540 shares. Company has a market cap of $28,470 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.

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