Waste Management (WM) : Moon Capital Management scooped up 2 additional shares in Waste Management during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 6,266 shares of Waste Management which is valued at $424,647.Waste Management makes up approximately 0.51% of Moon Capital Management’s portfolio.
Other Hedge Funds, Including , Strategic Advisors reduced its stake in WM by selling 328 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 47,362 shares of WM which is valued at $3,209,723. Waste Management makes up approx 1.81% of Strategic Advisors’s portfolio.Lodestar Investment Counselil boosted its stake in WM in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 4,350 shares of Waste Management which is valued at $292,451. Waste Management makes up approx 0.04% of Lodestar Investment Counselil’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. First Hawaiian Bank added WM to its portfolio by purchasing 3,300 company shares during the most recent quarter which is valued at $223,773. Waste Management makes up approx 0.04% of First Hawaiian Bank’s portfolio.Perkins Coie Trust Co boosted its stake in WM in the latest quarter, The investment management firm added 1,208 additional shares and now holds a total of 6,835 shares of Waste Management which is valued at $462,114. Waste Management makes up approx 0.30% of Perkins Coie Trust Co’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.