Pinnacle Wealth Management LLC Cuts Stock Position in Meta Platforms, Inc. $META

Key Points

• Pinnacle Wealth Management LLC reduced its stake in Meta Platforms, Inc. by 17.1% during the first quarter, resulting in ownership of 4,570 shares valued at approximately $2.63 million.
• Meta Platforms exceeded analysts' EPS estimates for the last quarter, reporting $7.14 against an expected $5.75, with a substantial revenue increase of 21.6% year-over-year.
• The company recently announced a quarterly dividend of $0.525 per share, leading to an annualized yield of 0.3%.

Pinnacle Wealth Management LLC cut its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 17.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,570 shares of the social networking company's stock after selling 945 shares during the quarter. Meta Platforms makes up 3.0% of Pinnacle Wealth Management LLC's portfolio, making the stock its 6th largest position. Pinnacle Wealth Management LLC's holdings in Meta Platforms were worth $2,634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valley Financial Group Inc. raised its holdings in shares of Meta Platforms by 2.4% in the 4th quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock valued at $344,000 after purchasing an additional 14 shares during the period. Lantern Wealth Advisors LLC raised its holdings in shares of Meta Platforms by 0.5% in the 4th quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after purchasing an additional 14 shares during the period. ABLE Financial Group LLC raised its holdings in shares of Meta Platforms by 0.7% in the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after purchasing an additional 15 shares during the period. Mosaic Family Wealth Partners LLC raised its holdings in shares of Meta Platforms by 1.2% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after purchasing an additional 17 shares during the period. Finally, Orin Green Financial LLC raised its holdings in shares of Meta Platforms by 2.2% in the 4th quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock valued at $465,000 after purchasing an additional 17 shares during the period. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $751.48 on Wednesday. The company's 50 day moving average price is $726.88 and its two-hundred day moving average price is $656.42. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a market cap of $1.89 trillion, a PE ratio of 27.21, a PEG ratio of 1.59 and a beta of 1.27. 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 announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (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 firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the prior year, the business posted $5.16 EPS. The business's 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 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, June 16th. Meta Platforms's dividend payout ratio is presently 7.60%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Loop Capital reaffirmed a "buy" rating and issued a $980.00 target price (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Canaccord Genuity Group upped their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. upped their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Oppenheimer upped their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Pivotal Research upped their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

Insiders Place Their Bets

In related news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction that occurred on 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 sale, the insider owned 237,205 shares in the company, valued at $184,059,219.75. This represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 313,803 shares of company stock worth $235,276,424 in the last quarter. Corporate insiders own 13.61% of the company's stock.

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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