St. James Investment Company buys $589,155 stake in Waste Management (WM)

Waste Management (WM) : St. James Investment Company scooped up 566 additional shares in Waste Management during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 8,951 shares of Waste Management which is valued at $589,155.Waste Management makes up approximately 0.07% of St. James Investment Company’s portfolio.

Other Hedge Funds, Including , South Texas Money Management Ltd reduced its stake in WM by selling 521,420 shares or 91.01% in the most recent quarter. The Hedge Fund company now holds 51,498 shares of WM which is valued at $3,389,598. Waste Management makes up approx 0.18% of South Texas Money Management Ltd’s portfolio.Morgan Dempsey Capital Management boosted its stake in WM in the latest quarter, The investment management firm added 9,142 additional shares and now holds a total of 42,524 shares of Waste Management which is valued at $2,811,687. Waste Management makes up approx 0.93% of Morgan Dempsey Capital Management’s portfolio. Stoneridge Investment Partners added WM to its portfolio by purchasing 3,295 company shares during the most recent quarter which is valued at $217,800. Waste Management makes up approx 0.03% of Stoneridge Investment Partners’s portfolio.Capital Analysts boosted its stake in WM in the latest quarter, The investment management firm added 316 additional shares and now holds a total of 59,976 shares of Waste Management which is valued at $4,032,186. Waste Management makes up approx 0.79% of Capital Analysts’s portfolio.

Waste Management closed down -0.04 points or -0.06% at $65.78 with 13,31,172 shares getting traded on Thursday. Post opening the session at $66, the shares hit an intraday low of $65.68 and an intraday high of $66.2699 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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