Meta Platforms, Inc. $META is KMG Fiduciary Partners LLC's 9th Largest Position

Key Points

• KMG Fiduciary Partners LLC increased its stock holdings in Meta Platforms, Inc. by 4.9% during the second quarter, now owning 43,678 shares valued at approximately $32.24 million.
• Meta Platforms reported a substantial earnings beat with an EPS of $7.14 for the quarter, significantly exceeding analyst expectations and showing a 21.6% year-over-year revenue growth.
• The company has declared a quarterly dividend of $0.525 per share, reflecting an annualized dividend yield of 0.3%, with the payment scheduled for September 29th.

KMG Fiduciary Partners LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,678 shares of the social networking company's stock after purchasing an additional 2,029 shares during the quarter. Meta Platforms makes up approximately 2.4% of KMG Fiduciary Partners LLC's holdings, making the stock its 9th largest holding. KMG Fiduciary Partners LLC's holdings in Meta Platforms were worth $32,238,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Inlight Wealth Management LLC purchased a new position in shares of Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Meta Platforms during the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms during the first quarter valued at approximately $33,000. JCIC Asset Management Inc. lifted its holdings in shares of Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares during the last quarter. Finally, Principia Wealth Advisory LLC lifted its holdings in shares of Meta Platforms by 53.6% during the first quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after purchasing an additional 30 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

META has been the subject of several recent research reports. Barclays lifted their target price on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company raised their price target on shares of Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Canaccord Genuity Group raised their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Raymond James Financial raised their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 31st. Finally, BMO Capital Markets raised their price target on shares of Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a research 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $826.05.

Insiders Place Their Bets

In related news, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares of the company's stock, valued at $184,059,219.75. This trade represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction on Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 256,886 shares of company stock valued at $195,693,600. Insiders own 13.61% of the company's stock.

Meta Platforms Trading Up 0.5%

NASDAQ:META traded up $3.59 during mid-day trading on Tuesday, hitting $768.75. 2,534,593 shares of the stock traded hands, compared to its average volume of 14,626,084. The stock has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 27.82, a PEG ratio of 1.62 and a beta of 1.24. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The firm's 50 day moving average is $747.94 and its two-hundred day moving average is $667.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping 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 business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the prior year, the firm earned $5.16 EPS. The company's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

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.