UMB Bank n.a. Reduces Position in Meta Platforms, Inc. $META

Key Points

• UMB Bank n.a. reduced its holdings in Meta Platforms, Inc. by 11.4% during the second quarter, now owning 124,361 shares valued at approximately $91.79 million.
• Meta Platforms announced a quarterly dividend of $0.525 per share, set to be paid to investors on September 29th, representing an annual yield of 0.3%.
• UBS Group and Cantor Fitzgerald raised their price targets for Meta stock to $897.00 and $920.00, respectively, reflecting a positive outlook for the company among analysts.

UMB Bank n.a. trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,361 shares of the social networking company's stock after selling 15,991 shares during the period. Meta Platforms makes up about 1.4% of UMB Bank n.a.'s portfolio, making the stock its 14th biggest position. UMB Bank n.a.'s holdings in Meta Platforms were worth $91,790,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Inlight Wealth Management LLC purchased a new stake in shares of Meta Platforms in the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms during the first quarter worth about $33,000. JCIC Asset Management Inc. increased its stake 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 worth $46,000 after buying an additional 40 shares during the period. Finally, Principia Wealth Advisory LLC increased its stake 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 worth $50,000 after buying an additional 30 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Trading Down 1.7%

Shares of Meta Platforms stock opened at $765.16 on Tuesday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The firm has a market cap of $1.92 trillion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $747.94 and a 200-day simple moving average of $667.24.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same period in the previous year, the firm earned $5.16 earnings per share. Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be paid a dividend of $0.525 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio is presently 7.60%.

Analysts Set New Price Targets

Several brokerages have commented on META. UBS Group increased their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $920.00 price target on shares of Meta Platforms in a report on Wednesday, September 17th. Benchmark raised their target price on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wedbush raised their target price on Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Roth Capital lifted their price target on Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $826.05.

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the sale, the director owned 8,412 shares in the company, valued at $6,371,837.64. This represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $767.16, for a total value of $398,156.04. Following the completion of the sale, the insider owned 30,870 shares of the company's stock, valued at $23,682,229.20. This represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 256,886 shares of company stock worth $195,693,600 in the last 90 days. 13.61% of the stock is owned by company 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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