Fifth Third Wealth Advisors LLC Acquires 2,609 Shares of Meta Platforms, Inc. $META

Key Points

• Fifth Third Wealth Advisors LLC increased its holdings in Meta Platforms, Inc. by 5.5%, acquiring an additional 2,609 shares during the second quarter, bringing their total ownership to 50,013 shares.
• Meta Platforms reported a quarterly earnings per share of $7.14, surpassing analysts' expectations of $5.75 and achieving a revenue of $47.52 billion for the quarter.
• The company recently declared a quarterly dividend of $0.525 per share, indicating a 0.3% dividend yield and a payout ratio of 7.60%.

Fifth Third Wealth Advisors LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,013 shares of the social networking company's stock after acquiring an additional 2,609 shares during the quarter. Meta Platforms comprises 1.5% of Fifth Third Wealth Advisors LLC's investment portfolio, making the stock its 11th largest position. Fifth Third Wealth Advisors LLC's holdings in Meta Platforms were worth $36,914,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of META. Brighton Jones LLC raised its holdings in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after buying an additional 875 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Meta Platforms by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company's stock valued at $23,453,000 after buying an additional 5,829 shares in the last quarter. 1776 Wealth LLC raised its holdings in shares of Meta Platforms by 137.2% during the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company's stock valued at $673,000 after buying an additional 675 shares in the last quarter. Finally, Carr Financial Group Corp raised its holdings in shares of Meta Platforms by 21.1% during the 1st quarter. Carr Financial Group Corp now owns 1,854 shares of the social networking company's stock valued at $1,069,000 after buying an additional 323 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Price Performance

Shares of META stock opened at $732.17 on Tuesday. The firm has a market cap of $1.84 trillion, a P/E ratio of 26.51, a P/E/G ratio of 1.50 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The business's 50 day moving average price is $746.08 and its 200-day moving average price is $686.38. 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 (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The firm 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%.The business's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the sale, the director directly owned 7,947 shares in the company, valued at $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $707.85, for a total value of $367,374.15. Following the sale, the insider owned 28,794 shares in the company, valued at $20,381,832.90. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 213,146 shares of company stock worth $164,196,453 over the last ninety days. 13.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on META. Piper Sandler raised their price objective on Meta Platforms from $808.00 to $880.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 31st. Oppenheimer decreased their price target on Meta Platforms from $870.00 to $825.00 and set an "outperform" rating on the stock in a research note on Monday. Pivotal Research lifted their price target on Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, TD Cowen lifted their price target on Meta Platforms from $800.00 to $875.00 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 given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $829.66.

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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