Armstrong Fleming & Moore Inc Invests $303,000 in Meta Platforms, Inc. $META

Key Points

• Armstrong Fleming & Moore Inc has invested approximately $303,000 in Meta Platforms, acquiring 410 shares during the 2nd quarter.
• Meta Platforms reported a EPS of $7.14 for the latest quarter, exceeding expectations and showing a 21.6% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.525 per share, representing an annualized dividend yield of 0.3%.

Armstrong Fleming & Moore Inc acquired a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 410 shares of the social networking company's stock, valued at approximately $303,000.

Several other hedge funds have also recently bought and sold shares of META. Csenge Advisory Group increased its stake in Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after buying an additional 1,019 shares during the period. ARQ Wealth Advisors LLC increased its stake in Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after buying an additional 34 shares during the period. JMG Financial Group Ltd. acquired a new position in Meta Platforms during the 1st quarter valued at about $284,000. Infusive Asset Management Inc. increased its stake in Meta Platforms by 10.7% during the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock valued at $13,614,000 after buying an additional 2,285 shares during the period. Finally, Spirepoint Private Client LLC increased its stake in Meta Platforms by 2.7% during the 2nd quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company's stock valued at $3,011,000 after buying an additional 109 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

Shares of META opened at $716.91 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.49 and a beta of 1.20. The company has a 50-day moving average of $746.75 and a two-hundred day moving average of $683.03. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wedbush raised their target price on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Guggenheim reissued a "buy" rating and set a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. TD Cowen lifted their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Truist Financial set a $880.00 price objective on shares of Meta Platforms in a research note on Thursday, September 18th. Finally, Benchmark lifted their price objective on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and an average target price of $830.68.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total transaction of $367,374.15. Following the completion of the sale, the insider directly owned 28,794 shares in the company, valued at approximately $20,381,832.90. This trade represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Javier Olivan sold 517 shares of the firm's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $713.34, for a total transaction of $368,796.78. Following the sale, the chief operating officer owned 8,992 shares of the company's stock, valued at approximately $6,414,353.28. This represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 214,182 shares of company stock worth $164,933,323. 13.61% of the stock is owned by company insiders.

Meta Platforms Company Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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