CHICAGO TRUST Co NA Increases Stock Position in Meta Platforms, Inc. $META

Key Points

• CHICAGO TRUST Co NA increased its position in Meta Platforms by 22% in Q2, now holding 9,326 shares valued at approximately $6.88 million.
• Meta Platforms announced earnings of $7.14 per share for the last quarter, significantly exceeding estimates, with revenue rising 21.6% year-over-year.
• Meta declared a quarterly dividend of $0.525 per share, set to be paid on September 29th, reflecting a 0.3% yield for investors.

CHICAGO TRUST Co NA lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 22.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,326 shares of the social networking company's stock after buying an additional 1,683 shares during the period. Meta Platforms makes up about 1.0% of CHICAGO TRUST Co NA's holdings, making the stock its 21st biggest holding. CHICAGO TRUST Co NA's holdings in Meta Platforms were worth $6,883,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new stake in Meta Platforms during the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Meta Platforms during the first quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms during the first quarter worth approximately $33,000. JCIC Asset Management Inc. increased its position in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after acquiring an additional 40 shares in the last quarter. Finally, Principia Wealth Advisory LLC raised its stake in shares of Meta Platforms by 53.6% in the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Trading Down 1.5%

Shares of META opened at $748.91 on Friday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a 50-day moving average price of $750.95 and a 200 day moving average price of $669.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $1.88 trillion, a P/E ratio of 27.11, a P/E/G ratio of 1.59 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Activity at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the sale, the insider owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the sale, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 230,336 shares of company stock valued at $176,625,049. 13.61% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Scotiabank upped their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Morgan Stanley boosted their price objective on Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Truist Financial set a $880.00 target price on Meta Platforms in a research report on Thursday, September 18th. Wedbush increased their target price on Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Three 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 stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus price target of $826.05.

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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