Bartlett & CO. Wealth Management LLC Has $115.20 Million Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Bartlett & CO. Wealth Management LLC increased its stake in Meta Platforms, Inc. by 6.6% in Q2, holding 156,082 shares valued at approximately $115.20 million.
• Analysts have boosted their price targets for Meta stock, with most ratings being positive; the stock's average price target is now $830.61.
• Meta recently announced a quarterly dividend of $0.525 per share, representing an annual yield of 0.3% and a payout ratio of 7.60%.

Bartlett & CO. Wealth Management LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 156,082 shares of the social networking company's stock after buying an additional 9,617 shares during the quarter. Meta Platforms accounts for about 1.6% of Bartlett & CO. Wealth Management LLC's holdings, making the stock its 17th biggest position. Bartlett & CO. Wealth Management LLC's holdings in Meta Platforms were worth $115,203,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new stake in shares of Meta Platforms in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Meta Platforms during the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the first quarter valued at about $33,000. Evergreen Private Wealth LLC lifted its position in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after buying an additional 38 shares during the last quarter. Finally, JCIC Asset Management Inc. increased its holdings in shares of Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on META shares. Benchmark boosted their target price on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Roth Capital boosted their price objective on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Raymond James Financial upped their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. Guggenheim reiterated a "buy" rating and issued a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Finally, Oppenheimer upped their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a report 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $830.61.

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the sale, the director owned 8,412 shares of the company's stock, valued at $6,371,837.64. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $741.50, for a total transaction of $384,838.50. Following the completion of the sale, the insider directly owned 29,832 shares in the company, valued at approximately $22,120,428. The trade was a 1.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 213,146 shares of company stock valued at $164,209,720 over the last quarter. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Down 0.4%

Shares of META opened at $713.08 on Wednesday. The company has a 50-day simple moving average of $753.44 and a 200-day simple moving average of $677.16. The firm has a market capitalization of $1.79 trillion, a P/E ratio of 25.82, a P/E/G ratio of 1.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm's revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's payout ratio is presently 7.60%.

Meta Platforms 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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