Waste Management (WM) : Pinkerton Retirement Specialists scooped up 6,566 additional shares in Waste Management during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 45,967 shares of Waste Management which is valued at $3,112,885.Waste Management makes up approximately 1.32% of Pinkerton Retirement Specialists’s portfolio.
Other Hedge Funds, Including , Philadelphia Trust Co reduced its stake in WM by selling 750 shares or 13.02% in the most recent quarter. The Hedge Fund company now holds 5,012 shares of WM which is valued at $339,413. Waste Management makes up approx 0.03% of Philadelphia Trust Co’s portfolio.Mutual Of America Capital Management boosted its stake in WM in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 48,181 shares of Waste Management which is valued at $3,066,239. Waste Management makes up approx 0.06% of Mutual Of America Capital Management’s portfolio.Gw Henssler Associates Ltd reduced its stake in WM by selling 2,682 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 118,415 shares of WM which is valued at $7,775,129. Waste Management makes up approx 0.91% of Gw Henssler Associates Ltd’s portfolio.Integrated Wealth Management reduced its stake in WM by selling 777 shares or 42.44% in the most recent quarter. The Hedge Fund company now holds 1,054 shares of WM which is valued at $65,812. Waste Management makes up approx 0.03% of Integrated Wealth Management’s portfolio.
Waste Management opened for trading at $68.76 and hit $68.97 on the upside on Monday, eventually ending the session at $68.9, with a gain of 0.19% or 0.13 points. The heightened volatility saw the trading volume jump to 20,78,869 shares. Company has a market cap of $30,454 M.
On the company’s financial health, Waste Management reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.80. The company had revenue of $3548.00 million for the quarter, compared to analysts expectations of $3497.49 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
Investors should note that on Nov 10, 2016, Waste Management announced a cash dividend of $0.4100. The company’s management has announced Nov 30, 2016 as the ex-dividend date and fixed the record date on Dec 2, 2016. The payable date has been fixed on Dec 16, 2016.
Many Wall Street Analysts have commented on Waste Management. Barclays Upgraded Waste Management on Nov 7, 2016 to ” Overweight”, Price Target of the shares are set at $70.Goldman Initiated Waste Management on Nov 1, 2016 to “Sell”, Price Target of the shares are set at $63.Waste Management was Upgraded by BofA/Merrill to ” Buy” on Oct 31, 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.