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Varkey Johnson, the Senior Vice President and Chief Information Officer of Waste Management Inc. (NYSE:WM), recently executed a notable stock transaction. According to a filing with the Securities and Exchange Commission, Johnson sold 124 shares of the company’s common stock on March 3, 2025, at an average price of $234.96 per share, amounting to a total of $29,134. This transaction was conducted under a Rule 10b5-1 Trading Plan and was intended to cover a personal federal income tax obligation. The sale occurred as the stock trades near its 52-week high of $235.81, with a strong year-to-date return of 15.85%. According to InvestingPro analysis, the stock currently appears overvalued, trading at a P/E ratio of 33.86.
In a related transaction on March 1, 2025, Johnson disposed of 219 shares at a price of $231.37 per share, as part of the settlement of a restricted share award granted under Waste Management’s 2014 Stock Incentive Plan. Following these transactions, Johnson holds 8,490.53 shares directly in the $93.29 billion market cap company. For deeper insights into WM’s valuation metrics and 14 additional key investment tips, check out the comprehensive research available on InvestingPro.
In other recent news, Waste Management reported strong financial performance, surpassing revenue and EBITDA expectations, which led Jefferies to raise its price target for the company’s shares to $257, maintaining a Buy rating. The positive results have sparked optimism for the company’s growth prospects up to 2025, with anticipated benefits from pricing growth, volume improvements, and synergy realizations. Stifel also maintained a Buy rating with a price target of $252, citing Waste Management’s robust fourth-quarter performance and favorable outlook for fiscal year 2025, driven by solid waste operations and the Healthcare Solutions segment.
Erste Group upgraded Waste Management’s stock rating from Hold to Buy, projecting significant revenue and operating income growth in 2025, partly due to strategic acquisitions. Meanwhile, Raymond (NSE:RYMD) James and Oppenheimer both maintained Outperform ratings with a price target of $237, highlighting Waste Management’s sustainability investments and solid waste sector growth drivers, respectively. The company’s focus on renewable natural gas and recycling initiatives is expected to contribute significantly to its financial performance by the end of 2027.
These developments reflect a broader confidence among analysts in Waste Management’s strategic direction and potential for continued growth.
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