Wedmont Private Capital Raises Position in Meta Platforms, Inc. $META

Key Points

• Wedmont Private Capital increased its stake in Meta Platforms, Inc. by 3.0% during Q2, now owning 46,991 shares valued at approximately $34.4 million.
• Meta Platforms reported earnings of $7.14 EPS for the last quarter, significantly exceeding analysts' expectations of $5.75, with revenues reaching $47.52 billion.
• The company declared a quarterly dividend of $0.525 to be paid on September 29th, which represents a 0.3% yield.

Wedmont Private Capital raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,991 shares of the social networking company's stock after acquiring an additional 1,354 shares during the quarter. Meta Platforms makes up 1.5% of Wedmont Private Capital's portfolio, making the stock its 14th largest holding. Wedmont Private Capital's holdings in Meta Platforms were worth $34,434,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of META. ABLE Financial Group LLC lifted its stake in 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 worth $1,251,000 after purchasing an additional 15 shares in the last quarter. Cedar Point Capital Partners LLC grew its holdings in Meta Platforms by 2.2% during the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock valued at $433,000 after purchasing an additional 16 shares during the last quarter. IAM Advisory LLC grew its holdings in Meta Platforms by 0.9% during the 2nd quarter. IAM Advisory LLC now owns 1,844 shares of the social networking company's stock valued at $1,361,000 after purchasing an additional 16 shares during the last quarter. Orin Green Financial LLC grew its holdings in Meta Platforms by 2.2% during 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 last quarter. Finally, Sage Private Wealth Group LLC boosted its position in Meta Platforms by 3.9% in the 1st quarter. Sage Private Wealth Group LLC now owns 453 shares of the social networking company's stock valued at $261,000 after buying an additional 17 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 0.2%

META opened at $778.38 on Friday. The firm has a market capitalization of $1.96 trillion, a P/E ratio of 28.18, a P/E/G ratio of 1.63 and a beta of 1.24. The firm's 50 day moving average is $747.06 and its 200-day moving average is $665.93. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. 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 released its quarterly earnings data 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 firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the previous year, the company posted $5.16 earnings per share. The firm's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Analyst Ratings Changes

META has been the subject of several research reports. TD Cowen upped their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Piper Sandler raised their price target on shares of Meta Platforms from $808.00 to $880.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. UBS Group raised their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and increased their price objective for the company from $610.00 to $900.00 in a report on Thursday, July 31st. Finally, JMP Securities raised their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $826.05.

Insider Transactions at Meta Platforms

In related news, CEO Mark Zuckerberg sold 15,847 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value 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. The trade was a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 257,922 shares of company stock worth $196,412,792 over the last three months. 13.61% of the stock is currently owned by insiders.

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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