Payden & Rygel Position in Waste Management (WM) Has Cut as Stock Price Declined; Royce Micro (RMT) Position Maintained by Advisory Alpha Llc

June 14, 2018 - By Marie Mckinney

Waste Management, Inc. (NYSE:WM) Logo

Advisory Alpha Llc increased its stake in Royce Micro (RMT) by 141.28% based on its latest 2018Q1 regulatory filing with the SEC. Advisory Alpha Llc bought 337,768 shares as the company’s stock rose 5.36% while stock markets declined. The institutional investor held 576,851 shares of the company at the end of 2018Q1, valued at $5.65 million, up from 239,083 at the end of the previous reported quarter. Advisory Alpha Llc who had been investing in Royce Micro for a number of months, seems to be bullish on the $391.01 million market cap company. The stock increased 0.49% or $0.05 during the last trading session, reaching $10.18. About 88,341 shares traded. Royce Micro-Cap Trust, Inc. (NYSE:RMT) has risen 16.22% since June 14, 2017 and is uptrending. It has outperformed by 3.65% the S&P500.

Payden & Rygel decreased its stake in Waste Management (WM) by 19.57% based on its latest 2018Q1 regulatory filing with the SEC. Payden & Rygel sold 44,200 shares as the company’s stock declined 4.19% with the market. The institutional investor held 181,600 shares of the public utilities company at the end of 2018Q1, valued at $15.28 million, down from 225,800 at the end of the previous reported quarter. Payden & Rygel who had been investing in Waste Management for a number of months, seems to be less bullish one the $36.05 billion market cap company. The stock increased 0.30% or $0.25 during the last trading session, reaching $83.37. About 966,786 shares traded. Waste Management, Inc. (NYSE:WM) has risen 15.91% since June 14, 2017 and is uptrending. It has outperformed by 3.34% the S&P500. Some Historical WM News: 23/04/2018 – DJ Waste Management Inc, Inst Holders, 1Q 2018 (WM); 09/05/2018 – CORRECTED-TOX FREE SOLUTIONS- UNDER SCHEME OF ARRANGEMENTS CLEANAWAY WASTE MANAGEMENT TO ACQUIRE 100 PCT OF ORDINARY SHARES IN TOXFREE (CORRECTS; 20/04/2018 – Waste Management 1Q Net $396M; 20/04/2018 – Waste Management 1Q Net Profit Rises 33%; Lowers Tax Rate Guidance; 10/04/2018 – Waste Management: Board Member Thomas H. Weidemeyer Will Perform Chairman Role on Interim Basis; 07/03/2018 – Gabelli & Company’s Annual Waste Conference; 10/04/2018 – Global Waste Management Market Expected to Reach $285.0 Billion by 2023 – Allied Market Research; 10/04/2018 – WASTE MANAGEMENT – THOMAS WEIDEMEYER WILL PERFORM DUTIES OF CHAIRMAN OF BOARD ON AN INTERIM BASIS UNTIL A SUCCESSOR IS ELECTED BY MEMBERS OF BOARD; 11/05/2018 – Cargotec: Hiab bundles its expertise and offering for the Waste Management & Recycling segment – Showcase at IFAT, 14-18 May in Munich, Germany; 23/03/2018 – Billionaire AutoNation, Waste Management and Blockbuster founder H. Wayne Huizenga has died at the age of 80

Since January 15, 2018, it had 0 buys, and 20 selling transactions for $12.95 million activity. POPE JOHN C also sold $31,648 worth of Waste Management, Inc. (NYSE:WM) on Monday, January 15. Shares for $1.16 million were sold by CALDWELL BARRY H. On Monday, January 15 the insider CLARK FRANK M sold $31,644. 22,363 shares were sold by Morris John J, worth $1.97M on Wednesday, February 28. Another trade for 111 shares valued at $9,515 was sold by Hmmer Tara J.. GROSS PATRICK W sold 387 shares worth $34,174.

Payden & Rygel, which manages about $82.81B and $1.23 billion US Long portfolio, upped its stake in Spectra Energy Partners (NYSE:SEP) by 61,160 shares to 720,316 shares, valued at $24.23 million in 2018Q1, according to the filing. It also increased its holding in Verizon Communications (NYSE:VZ) by 24,300 shares in the quarter, for a total of 387,900 shares, and has risen its stake in Digital Realty Reit (NYSE:DLR).

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.20, from 1.09 in 2017Q4. It worsened, as 39 investors sold WM shares while 338 reduced holdings. 87 funds opened positions while 249 raised stakes. 313.27 million shares or 1.70% less from 318.69 million shares in 2017Q4 were reported. Tcw Group Inc Inc owns 17,500 shares or 0.01% of their US portfolio. Bill & Melinda Gates Foundation Trust invested in 6.41% or 18.63 million shares. Westchester Cap invested in 103,844 shares or 3.69% of the stock. Moreover, Destination Wealth Management has 0.01% invested in Waste Management, Inc. (NYSE:WM) for 1,610 shares. Point72 Asset Mgmt LP invested in 408,153 shares. First Fincl In holds 0.04% or 700 shares. Colony Gp Ltd Co holds 0.04% of its portfolio in Waste Management, Inc. (NYSE:WM) for 7,675 shares. The Netherlands-based Ing Groep Nv has invested 0.07% in Waste Management, Inc. (NYSE:WM). Haverford Tru has invested 0.04% in Waste Management, Inc. (NYSE:WM). 2,500 were reported by Brave Asset Mngmt. Mutual Of America Capital Mngmt Ltd Co invested 0.07% of its portfolio in Waste Management, Inc. (NYSE:WM). Invesco, a Georgia-based fund reported 1.82M shares. First Personal Financial Services has invested 1.04% in Waste Management, Inc. (NYSE:WM). Chilton Ltd, Connecticut-based fund reported 346,996 shares. Umb Natl Bank N A Mo invested in 0.07% or 24,377 shares.

More recent Waste Management, Inc. (NYSE:WM) news were published by: Seekingalpha.com which released: “Boston Scientific Is A Good Earnings Story – Cramer’s Lightning Round (6/13/18)” on June 14, 2018. Also Seekingalpha.com published the news titled: “Waste Management: Valuation Analysis” on June 12, 2018. Seekingalpha.com‘s news article titled: “The Biggest Risks To Waste Management” with publication date: May 16, 2018 was also an interesting one.

Analysts await Waste Management, Inc. (NYSE:WM) to report earnings on July, 25. They expect $1.02 EPS, up 25.93% or $0.21 from last year’s $0.81 per share. WM’s profit will be $441.02M for 20.43 P/E if the $1.02 EPS becomes a reality. After $0.91 actual EPS reported by Waste Management, Inc. for the previous quarter, Wall Street now forecasts 12.09% EPS growth.

Among 16 analysts covering Waste Management Inc. (NYSE:WM), 9 have Buy rating, 1 Sell and 6 Hold. Therefore 56% are positive. Waste Management Inc. had 48 analyst reports since July 28, 2015 according to SRatingsIntel. Goldman Sachs initiated Waste Management, Inc. (NYSE:WM) rating on Tuesday, November 1. Goldman Sachs has “Sell” rating and $63 target. BMO Capital Markets maintained Waste Management, Inc. (NYSE:WM) rating on Monday, April 23. BMO Capital Markets has “Outperform” rating and $90 target. The stock has “Buy” rating by Stifel Nicolaus on Monday, December 11. The stock of Waste Management, Inc. (NYSE:WM) has “Buy” rating given on Friday, September 8 by BMO Capital Markets. The firm has “Overweight” rating given on Tuesday, August 9 by KeyBanc Capital Markets. The company was initiated on Friday, November 6 by Credit Suisse. The stock has “Equal-Weight” rating by Barclays Capital on Wednesday, March 1. The stock of Waste Management, Inc. (NYSE:WM) earned “Neutral” rating by JP Morgan on Thursday, December 17. The firm has “Neutral” rating given on Friday, August 26 by Macquarie Research. The stock of Waste Management, Inc. (NYSE:WM) has “Equal-Weight” rating given on Tuesday, August 9 by Barclays Capital.

More recent Royce Micro-Cap Trust, Inc. (NYSE:RMT) news were published by: Seekingalpha.com which released: “These 15 Closed-End Funds Are Consistent Market Beaters – Part 1” on June 05, 2018. Also Stockhouse.com published the news titled: “Royce Micro-Cap Trust, Inc. (NYSE-RMT) Declares Second Quarter Common Stock Distribution of $0.18 Per Share” on June 01, 2018. Seekingalpha.com‘s news article titled: “These 15 Closed-End Funds Are Consistent Market Beaters – Part 2” with publication date: June 08, 2018 was also an interesting one.

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.49, from 1.42 in 2017Q4. It turned negative, as 7 investors sold RMT shares while 20 reduced holdings. 6 funds opened positions while 19 raised stakes. 9.26 million shares or 1.94% less from 9.45 million shares in 2017Q4 were reported. Institute For Wealth Management Ltd Llc invested in 38,701 shares or 0.11% of the stock. Morgan Stanley reported 0% of its portfolio in Royce Micro-Cap Trust, Inc. (NYSE:RMT). Raymond James Financial Services Advsrs has invested 0% of its portfolio in Royce Micro-Cap Trust, Inc. (NYSE:RMT). 3,443 were accumulated by Hanson Doremus Inv. Saba Cap Mgmt Limited Partnership holds 0.02% or 32,200 shares in its portfolio. 1607 Capital Ptnrs Limited Liability Co accumulated 174,919 shares. Rivernorth Cap Llc holds 0.44% or 625,809 shares. 40,568 were accumulated by Da Davidson And Communication. Parametric Port Assoc Ltd Co has invested 0% of its portfolio in Royce Micro-Cap Trust, Inc. (NYSE:RMT). Jaffetilchin Inv Partners Limited Liability Company accumulated 144,845 shares. Pecaut Com invested 0.61% in Royce Micro-Cap Trust, Inc. (NYSE:RMT). First Foundation Advsrs has 158,148 shares for 0.08% of their portfolio. 5,946 were reported by Thompson Davis Co. Kistler invested 0% of its portfolio in Royce Micro-Cap Trust, Inc. (NYSE:RMT). Stifel reported 0% in Royce Micro-Cap Trust, Inc. (NYSE:RMT).

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