Meta Platforms, Inc. $META Holdings Boosted by McLean Asset Management Corp

Key Points

• McLean Asset Management Corp increased its holdings in Meta Platforms, Inc. by 28.2%, owning 1,880 shares valued at approximately $1.34 million after investing an additional 414 shares.
• Meta Platforms reported an earnings per share (EPS) of $7.14 for the latest quarter, significantly exceeding analysts' expectations of $5.75, with revenue of $47.52 billion.
• The company announced a quarterly dividend of $0.525 per share, with a payout ratio of 7.60%, reflecting strong financial performance amid rising stock valuations.

McLean Asset Management Corp increased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 28.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,880 shares of the social networking company's stock after purchasing an additional 414 shares during the period. McLean Asset Management Corp's holdings in Meta Platforms were worth $1,341,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC acquired a new position in shares of Meta Platforms during the first quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Meta Platforms during the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the first quarter worth $33,000. JCIC Asset Management Inc. raised its holdings 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 buying an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in Meta Platforms during the fourth quarter worth about $47,000. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Up 0.6%

META opened at $755.59 on Friday. The stock has a market cap of $1.90 trillion, a P/E ratio of 27.36, a P/E/G ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The stock's 50 day moving average price is $741.83 and its 200 day moving average price is $661.92. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

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, beating analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend 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 currently 7.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Citigroup restated an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 31st. Stifel Nicolaus increased their target price on Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. HSBC raised Meta Platforms from a "hold" rating to a "buy" rating and lifted their target price for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Finally, DA Davidson upped their target price on Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Three investment 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $822.41.

Insider Activity at Meta Platforms

In other news, 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 directly owned 84,141 shares of the company's stock, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction on Friday, August 1st. The stock was 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. Insiders have sold 283,280 shares of company stock valued at $214,119,908 over the last three months. 13.61% of the stock is owned by insiders.

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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