Meta Platforms, Inc. $META Shares Bought by Wilmington Savings Fund Society FSB

Key Points

• Wilmington Savings Fund Society FSB increased its stake in Meta Platforms, Inc. by 11.1%, owning 32,460 shares worth approximately $23.96 million at the end of Q2.
• Meta reported a Q2 EPS of $7.14, surpassing analyst expectations, with a revenue of $47.52 billion, marking a year-over-year increase of 21.6%.
• The company recently announced a quarterly dividend of $0.525 per share, resulting in an annualized yield of 0.3% with a payout ratio of 7.60%.

Wilmington Savings Fund Society FSB lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,460 shares of the social networking company's stock after acquiring an additional 3,241 shares during the period. Wilmington Savings Fund Society FSB's holdings in Meta Platforms were worth $23,958,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in META. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms during the first quarter worth $28,000. 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 acquiring an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms in the first quarter worth about $33,000. Maseco LLP acquired a new position in Meta Platforms in the second quarter valued at approximately $54,000. Finally, JCIC Asset Management Inc. boosted its stake in Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after acquiring an additional 40 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

META stock opened at $738.36 on Friday. The company has a 50-day simple moving average of $742.11 and a 200 day simple moving average of $690.10. The company has a market capitalization of $1.85 trillion, a P/E ratio of 26.73, a PEG ratio of 1.56 and a beta of 1.20. 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, 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 released its quarterly 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. The company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. Meta Platforms's revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Insider Transactions at Meta Platforms

In related news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares of the company's stock, valued at $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the business's stock in a transaction dated Monday, August 18th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock valued at $164,951,541 in the last quarter. Company insiders own 13.61% of the company's stock.

Wall Street Analyst Weigh In

META has been the topic of a number of research reports. Scotiabank increased their price target on Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Monness Crespi & Hardt upped their price objective on Meta Platforms from $780.00 to $860.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Canaccord Genuity Group raised their target price on Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Robert W. Baird boosted their price target on shares of Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, Mizuho set a $925.00 price target on shares of Meta Platforms and gave the stock an "outperform" rating in a research report on Monday, September 29th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of "Buy" and a consensus target price of $829.66.

About Meta Platforms

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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