Charter Capital Management LLC DE Takes Position in Meta Platforms, Inc. $META

Key Points

• Charter Capital Management LLC has acquired 721 shares of Meta Platforms, Inc., valued at approximately $532,000, in the second quarter.
• Meta Platforms reported a Q2 EPS of $7.14, exceeding expectations by $1.39, and achieved a revenue of $47.52 billion, which was up 21.6% year-over-year.
• The company recently announced a quarterly dividend of $0.525, with an annualized yield of 0.3%, due to be paid on September 29th.

Charter Capital Management LLC DE acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 721 shares of the social networking company's stock, valued at approximately $532,000.

Several other institutional investors also recently made changes to their positions in META. Norden Group LLC boosted its position in Meta Platforms by 9.7% during the 2nd quarter. Norden Group LLC now owns 12,256 shares of the social networking company's stock worth $9,047,000 after purchasing an additional 1,088 shares during the period. Ridgecrest Wealth Partners LLC boosted its position in Meta Platforms by 6.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 1,662 shares of the social networking company's stock worth $1,227,000 after purchasing an additional 102 shares during the period. Accurate Wealth Management LLC boosted its position in Meta Platforms by 10.6% during the 2nd quarter. Accurate Wealth Management LLC now owns 11,081 shares of the social networking company's stock worth $8,060,000 after purchasing an additional 1,060 shares during the period. Maseco LLP purchased a new stake in Meta Platforms during the 2nd quarter worth $54,000. Finally, Axis Wealth Partners LLC boosted its position in Meta Platforms by 14.3% during the 2nd quarter. Axis Wealth Partners LLC now owns 695 shares of the social networking company's stock worth $513,000 after purchasing an additional 87 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Price Performance

NASDAQ META opened at $743.75 on Friday. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.87 trillion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The company has a 50-day moving average price of $751.74 and a two-hundred day moving average price of $670.84.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its 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. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter in the prior year, the firm earned $5.16 EPS. Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Benchmark upped their price target on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Guggenheim reiterated a "buy" rating and issued a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Pivotal Research boosted their price objective on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Finally, Citizens Jmp boosted their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average target price of $826.05.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the transaction, the chief financial officer owned 84,141 shares of the company's stock, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 230,336 shares of company stock valued at $176,625,049. Insiders own 13.61% of the company's stock.

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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