CapWealth Advisors LLC Has $457,000 Stock Position in Meta Platforms, Inc. (NASDAQ:META)

CapWealth Advisors LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 781 shares of the social networking company’s stock after acquiring an additional 37 shares during the period. CapWealth Advisors LLC’s holdings in Meta Platforms were worth $457,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. AMF Tjanstepension AB increased its holdings in shares of Meta Platforms by 32.5% in the 3rd quarter. AMF Tjanstepension AB now owns 457,092 shares of the social networking company’s stock valued at $261,680,000 after purchasing an additional 112,047 shares during the period. Howard Capital Management Group LLC increased its stake in Meta Platforms by 17.9% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,652 shares of the social networking company’s stock valued at $946,000 after buying an additional 251 shares during the period. Leo Wealth LLC increased its stake in Meta Platforms by 17.5% in the 3rd quarter. Leo Wealth LLC now owns 7,642 shares of the social networking company’s stock valued at $4,375,000 after buying an additional 1,137 shares during the period. Waldron Private Wealth LLC lifted its position in Meta Platforms by 2.0% in the 3rd quarter. Waldron Private Wealth LLC now owns 26,964 shares of the social networking company’s stock worth $15,435,000 after buying an additional 526 shares in the last quarter. Finally, RBA Wealth Management LLC acquired a new stake in shares of Meta Platforms during the 3rd quarter valued at $4,870,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Down 1.6 %

NASDAQ META opened at $683.62 on Friday. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The stock has a market cap of $1.73 trillion, a PE ratio of 28.58, a PEG ratio of 1.44 and a beta of 1.20. The firm has a 50-day simple moving average of $647.09 and a 200 day simple moving average of $590.57.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period in the prior year, the company posted $5.33 earnings per share. On average, research analysts forecast that Meta Platforms, Inc. will post 26.66 EPS for the current year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.31%. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s payout ratio is currently 8.36%.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 413 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $562.77, for a total value of $232,424.01. Following the sale, the chief operating officer now owns 19,579 shares of the company’s stock, valued at $11,018,473.83. The trade was a 2.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 5,060 shares of the stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $3,727,550.20. Following the transaction, the chief technology officer now owns 5,139 shares of the company’s stock, valued at $3,785,747.13. This represents a 49.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 810,217 shares of company stock valued at $523,808,864 in the last 90 days. 13.71% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on META. Oppenheimer upped their price target on shares of Meta Platforms from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Royal Bank of Canada upped their target price on Meta Platforms from $700.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Wolfe Research boosted their price target on Meta Platforms from $670.00 to $730.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Robert W. Baird raised their price objective on shares of Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $717.90.

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.