Sadoff Investment Management buys $28,368,976 stake in Waste Management (WM)

Waste Management (WM) : Sadoff Investment Management scooped up 1,089 additional shares in Waste Management during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 455,507 shares of Waste Management which is valued at $28,368,976.Waste Management makes up approximately 3.15% of Sadoff Investment Management’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in WM by selling 3,050 shares or 2.85% in the most recent quarter. The Hedge Fund company now holds 103,898 shares of WM which is valued at $6,470,767. Waste Management makes up approx 0.14% of Exxonmobil Investment Management Inc Tx’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.Burns J W Co Incny boosted its stake in WM in the latest quarter, The investment management firm added 3,816 additional shares and now holds a total of 27,764 shares of Waste Management which is valued at $1,732,751. Waste Management makes up approx 0.54% of Burns J W Co Incny’s portfolio.New England Research Management boosted its stake in WM in the latest quarter, The investment management firm added 2,450 additional shares and now holds a total of 6,800 shares of Waste Management which is valued at $424,388. Waste Management makes up approx 0.36% of New England Research Management’s portfolio. Washington Trust Bank added WM to its portfolio by purchasing 59 company shares during the most recent quarter which is valued at $3,682.

Waste Management closed down -0.5 points or -0.80% at $62.28 with 23,23,044 shares getting traded on Friday. Post opening the session at $62.73, the shares hit an intraday low of $62.28 and an intraday high of $62.85 and the price fluctuated in this range throughout the day.Shares ended Friday 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. 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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