Oakwood Capital Managementca Lowers stake in Waste Management (WM)

Waste Management (WM) : Oakwood Capital Managementca reduced its stake in Waste Management by 33.97% during the most recent quarter end. The investment management company now holds a total of 56,064 shares of Waste Management which is valued at $3,500,076 after selling 28,846 shares in Waste Management , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Waste Management makes up approximately 0.91% of Oakwood Capital Managementca’s portfolio.

Other Hedge Funds, Including , Pacwest Financial Management Inc sold out all of its stake in WM during the most recent quarter. The investment firm sold 5,266 shares of WM which is valued $330,599. Contravisory Investment Management added WM to its portfolio by purchasing 45 company shares during the most recent quarter which is valued at $2,825.Advisory Services Network boosted its stake in WM in the latest quarter, The investment management firm added 3,400 additional shares and now holds a total of 13,744 shares of Waste Management which is valued at $855,976. Waste Management makes up approx 0.16% of Advisory Services Network’s portfolio.Chevy Chase Trust Holdings reduced its stake in WM by selling 13,028 shares or 3.65% in the most recent quarter. The Hedge Fund company now holds 343,484 shares of WM which is valued at $21,436,836. Waste Management makes up approx 0.12% of Chevy Chase Trust Holdings’s portfolio.

Waste Management closed down -0.35 points or -0.56% at $62.43 with 14,40,912 shares getting traded on Tuesday. Post opening the session at $62.61, the shares hit an intraday low of $62.215 and an intraday high of $62.845 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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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