Mcrae Capital Management Inc buys $475,023 stake in Waste Management (WM)

Waste Management (WM) : Mcrae Capital Management Inc scooped up 947 additional shares in Waste Management during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 7,217 shares of Waste Management which is valued at $475,023.Waste Management makes up approximately 0.21% of Mcrae Capital Management Inc’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc boosted its stake in WM in the latest quarter, The investment management firm added 137 additional shares and now holds a total of 42,383 shares of Waste Management which is valued at $2,789,649. Waste Management makes up approx 0.10% of World Asset Management Inc’s portfolio.Addison Capital Co reduced its stake in WM by selling 17,328 shares or 37.25% in the most recent quarter. The Hedge Fund company now holds 29,191 shares of WM which is valued at $1,961,635. Waste Management makes up approx 1.71% of Addison Capital Co’s portfolio. Johanson Financial Advisors added WM to its portfolio by purchasing 3,386 company shares during the most recent quarter which is valued at $227,641. Waste Management makes up approx 0.26% of Johanson Financial Advisors’s portfolio.Deroy Devereaux Private Investment Counsel Inc reduced its stake in WM by selling 523 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 223,533 shares of WM which is valued at $15,157,773. Waste Management makes up approx 1.96% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.Integrated Investment Consultants boosted its stake in WM in the latest quarter, The investment management firm added 235 additional shares and now holds a total of 3,344 shares of Waste Management which is valued at $224,282. Waste Management makes up approx 0.12% of Integrated Investment Consultants’s portfolio.

Waste Management closed down -0.46 points or -0.70% at $65.51 with 16,53,261 shares getting traded on Monday. Post opening the session at $65.98, the shares hit an intraday low of $65.5 and an intraday high of $66.18 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Company shares were Reiterated by Imperial Capital on Jul 29, 2016 to “In-line”, Firm has raised the Price Target to $ 71 from a previous price target of $62 .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 .

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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