As Waste Management (WM) Shares Declined, Shareholder Credit Agricole S A Trimmed Position by $14.49 Million; As Allstate (ALL) Stock Price Rose, Holder Hillsdale Investment Management Has Cut Holding

January 14, 2018 - By Nellie Frank

Credit Agricole S A decreased its stake in Waste Management (WM) by 15.88% based on its latest 2017Q3 regulatory filing with the SEC. Credit Agricole S A sold 185,803 shares as the company’s stock declined 2.69% while stock markets rallied. The institutional investor held 983,903 shares of the public utilities company at the end of 2017Q3, valued at $77.01 million, down from 1.17 million at the end of the previous reported quarter. Credit Agricole S A who had been investing in Waste Management for a number of months, seems to be less bullish one the $38.33 billion market cap company. The stock increased 0.10% or $0.09 during the last trading session, reaching $88.27. About 1.99 million shares traded or 10.35% up from the average. Waste Management, Inc. (NYSE:WM) has risen 16.03% since January 14, 2017 and is uptrending. It has underperformed by 0.67% the S&P500.

Hillsdale Investment Management Inc decreased its stake in Allstate Corp (ALL) by 96.45% based on its latest 2017Q3 regulatory filing with the SEC. Hillsdale Investment Management Inc sold 3,530 shares as the company’s stock rose 4.59% with the market. The institutional investor held 130 shares of the property-casualty insurers company at the end of 2017Q3, valued at $12,000, down from 3,660 at the end of the previous reported quarter. Hillsdale Investment Management Inc who had been investing in Allstate Corp for a number of months, seems to be less bullish one the $36.64B market cap company. The stock increased 1.32% or $1.33 during the last trading session, reaching $102.11. About 2.40 million shares traded or 24.31% up from the average. The Allstate Corporation (NYSE:ALL) has risen 25.87% since January 14, 2017 and is uptrending. It has outperformed by 9.17% the S&P500.




Among 14 analysts covering Waste Management Inc. (NYSE:WM), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. Waste Management Inc. had 41 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Buy” on Friday, October 13. The firm has “Buy” rating given on Monday, October 30 by Credit Suisse. Oppenheimer maintained Waste Management, Inc. (NYSE:WM) on Wednesday, July 26 with “Buy” rating. The firm has “Outperform” rating by Credit Suisse given on Friday, November 6. The firm has “Overweight” rating given on Thursday, October 22 by Barclays Capital. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, January 4. Oppenheimer maintained it with “Outperform” rating and $87 target in Friday, October 27 report. Imperial Capital maintained Waste Management, Inc. (NYSE:WM) rating on Friday, July 29. Imperial Capital has “In-Line” rating and $71 target. The company was downgraded on Tuesday, August 9 by Barclays Capital. The firm earned “Neutral” rating on Friday, August 26 by Macquarie Research.

Credit Agricole S A, which manages about $29.33B US Long portfolio, upped its stake in Accelerate Diagnos (NASDAQ:AXDX) by 91,100 shares to 188,490 shares, valued at $4.23M in 2017Q3, according to the filing. It also increased its holding in Hanesbrands Inc (NYSE:HBI) by 3.38 million shares in the quarter, for a total of 3.59 million shares, and has risen its stake in New Sr Invt Grp In (NYSE:SNR).

Analysts await Waste Management, Inc. (NYSE:WM) to report earnings on February, 15. They expect $0.83 earnings per share, up 10.67% or $0.08 from last year’s $0.75 per share. WM’s profit will be $360.40 million for 26.59 P/E if the $0.83 EPS becomes a reality. After $0.90 actual earnings per share reported by Waste Management, Inc. for the previous quarter, Wall Street now forecasts -7.78% negative EPS growth.

Investors sentiment decreased to 0.93 in 2017 Q3. Its down 0.10, from 1.03 in 2017Q2. It worsened, as 42 investors sold WM shares while 308 reduced holdings. 79 funds opened positions while 248 raised stakes. 316.48 million shares or 7.61% less from 342.53 million shares in 2017Q2 were reported. Susquehanna Grp Ltd Liability Partnership stated it has 10,500 shares or 0% of all its holdings. Point72 Asset Mgmt Limited Partnership owns 72,200 shares. Advisor Prtn Lc accumulated 13,148 shares. King Wealth Grp Llc owns 3,345 shares. Mastrapasqua Asset Management Incorporated has invested 1.17% in Waste Management, Inc. (NYSE:WM). Silvercrest Asset Ltd, a New York-based fund reported 4,230 shares. A D Beadell Invest Counsel Inc owns 3,800 shares. Cypress Asset Mgmt Tx invested in 4,825 shares. 60,228 are owned by Victory Mgmt Incorporated. Synovus Corporation owns 146,186 shares for 0.22% of their portfolio. Essex Investment Ltd Limited Liability Company reported 0.03% of its portfolio in Waste Management, Inc. (NYSE:WM). Reliance Tru Com Of Delaware owns 6,911 shares. Intll Investors reported 0.26% stake. The New York-based Pinebridge Invs Limited Partnership has invested 0% in Waste Management, Inc. (NYSE:WM). Bedrijfstakpensioenfonds Voor De Media Pno owns 27,079 shares.

Among 20 analysts covering The Allstate Corporation (NYSE:ALL), 7 have Buy rating, 2 Sell and 11 Hold. Therefore 35% are positive. The Allstate Corporation had 47 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Underperform” rating by Keefe Bruyette & Woods given on Tuesday, January 2. The firm earned “Buy” rating on Monday, October 2 by Citigroup. The firm earned “Sector Perform” rating on Tuesday, August 4 by RBC Capital Markets. The firm earned “Overweight” rating on Friday, August 11 by Barclays Capital. On Monday, September 11 the stock rating was initiated by Buckingham Research with “Sell”. The stock of The Allstate Corporation (NYSE:ALL) has “Hold” rating given on Tuesday, June 13 by Keefe Bruyette & Woods. The stock of The Allstate Corporation (NYSE:ALL) has “Sector Perform” rating given on Friday, February 5 by RBC Capital Markets. The stock has “Mkt Perform” rating by FBR Capital on Monday, April 3. The firm earned “Buy” rating on Thursday, July 13 by Citigroup. The stock of The Allstate Corporation (NYSE:ALL) has “Neutral” rating given on Wednesday, August 5 by Macquarie Research.

Hillsdale Investment Management Inc, which manages about $1.05B and $593.40 million US Long portfolio, upped its stake in Bank N S Halifax (NYSE:BNS) by 9,190 shares to 254,750 shares, valued at $16.39 million in 2017Q3, according to the filing. It also increased its holding in Enbridge Inc (NYSE:ENB) by 30,300 shares in the quarter, for a total of 123,530 shares, and has risen its stake in Iamgold Corp (NYSE:IAG).

Analysts await The Allstate Corporation (NYSE:ALL) to report earnings on February, 7 after the close. They expect $1.63 EPS, down 24.88% or $0.54 from last year’s $2.17 per share. ALL’s profit will be $584.89M for 15.66 P/E if the $1.63 EPS becomes a reality. After $1.60 actual EPS reported by The Allstate Corporation for the previous quarter, Wall Street now forecasts 1.87% EPS growth.

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