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Michael J. Watson, the Senior Vice President and Chief Customer Officer at Waste Management Inc. (NYSE:WM), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Watson sold 1,547 shares of Waste Management’s common stock on March 5, 2025. The shares were sold at a price of $228.11 each, totaling approximately $352,886. The transaction comes as the stock trades near its 52-week high of $235.81, with a strong year-to-date return of 14.17%. InvestingPro analysis indicates the stock is currently trading above its Fair Value, though the company maintains a "GOOD" overall financial health score.
Following this transaction, Watson retains direct ownership of 44,037 shares. Additionally, he holds 2,577 shares indirectly through a 401(k) plan. This move is part of Watson’s ongoing management of his investment portfolio. The company, now valued at $92.63 billion, has maintained dividend payments for 28 consecutive years with a recent dividend yield of 1.43%. Discover more insights about WM’s valuation and growth prospects with a InvestingPro subscription, which includes access to detailed Pro Research Reports and 14 additional ProTips.
In other recent news, Waste Management has reported a strong financial quarter, surpassing consensus expectations for revenue and EBITDA. Jefferies responded by raising its price target for Waste Management shares to $257, maintaining a Buy rating, and expressing optimism about the company’s future growth prospects. Stifel also maintained a Buy rating with a price target of $252, following Waste Management’s robust fourth-quarter performance and optimistic forecast for fiscal year 2025. Erste Group upgraded Waste Management’s stock rating to Buy, highlighting significant revenue and operating income growth expected in 2025, driven by both organic expansion and strategic acquisitions.
Oppenheimer reaffirmed its Outperform rating, citing insights from meetings with Waste Management’s executives on topics such as residential margin improvement and landfill pricing growth. Raymond (NSE:RYMD) James also maintained an Outperform rating, with a focus on the company’s investments in sustainability, projecting an additional $800 million to EBITDA by the end of 2027. Waste Management’s strategic initiatives, including sustainability projects and technological investments, have been recognized as key drivers for potential margin expansion and growth in the coming years.
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