Fulton Breakefield Broenniman LLC Boosts Holdings in Meta Platforms, Inc. $META

Key Points

• Fulton Breakefield Broenniman LLC increased its holdings in Meta Platforms, Inc. by 63.1% during the second quarter, resulting in ownership of 918 shares valued at approximately $678,000.
• Insider sales have occurred recently, with Christopher K. Cox selling 60,000 shares for over $46 million and Mark Zuckerberg selling nearly 16,000 shares for approximately $12 million.
• Meta Platforms reported a strong second quarter with earnings per share of $7.14, surpassing estimates and achieving a revenue of $47.52 billion, a 21.6% increase year-over-year.

Fulton Breakefield Broenniman LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 63.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 918 shares of the social networking company's stock after buying an additional 355 shares during the period. Fulton Breakefield Broenniman LLC's holdings in Meta Platforms were worth $678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of META. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms in the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Meta Platforms during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms during the first quarter worth about $33,000. Evergreen Private Wealth LLC raised its stake in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after purchasing an additional 38 shares during the period. Finally, JCIC Asset Management Inc. raised its stake in Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after purchasing an additional 40 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction that occurred on 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 transaction, the insider owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The disclosure for this sale can be found here. Insiders have sold 214,182 shares of company stock worth $164,933,323 over the last three months. Insiders own 13.61% of the company's stock.

Meta Platforms Trading Up 0.7%

Shares of META stock opened at $716.91 on Friday. 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 stock has a market capitalization of $1.80 trillion, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. The company has a 50 day moving average price of $746.75 and a 200 day moving average price of $683.03. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two 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 earnings per share for the quarter, beating analysts' consensus estimates 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 previous year, the business posted $5.16 earnings per share. The business's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared 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 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 currently 7.60%.

Wall Street Analyst Weigh In

A number of brokerages have commented on META. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Meta Platforms in a research note on Tuesday. KeyCorp lifted their target price on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Oppenheimer lifted their target price on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $920.00 target price on shares of Meta Platforms in a research note on Thursday. Finally, Scotiabank lifted their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $830.68.

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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