Roman Butler Fullerton & Co. Has $3.52 Million Stock Position in Meta Platforms, Inc. $META

Roman Butler Fullerton & Co. boosted its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 108.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,741 shares of the social networking company’s stock after purchasing an additional 2,983 shares during the quarter. Meta Platforms comprises 1.0% of Roman Butler Fullerton & Co.’s holdings, making the stock its 22nd biggest position. Roman Butler Fullerton & Co.’s holdings in Meta Platforms were worth $3,516,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in META. Auto Owners Insurance Co lifted its holdings in Meta Platforms by 76,587.7% in the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock valued at $69,502,379,000 after buying an additional 105,154,977 shares during the period. Norges Bank acquired a new stake in Meta Platforms during the 4th quarter worth $22,152,075,000. Vanguard Group Inc. grew its holdings in Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares during the period. Corient Private Wealth LLC raised its position in shares of Meta Platforms by 488.1% during the 4th quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company’s stock valued at $3,608,445,000 after acquiring an additional 4,537,076 shares during the last quarter. Finally, State Street Corp raised its position in shares of Meta Platforms by 5.1% during the 4th quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock valued at $59,963,463,000 after acquiring an additional 4,395,763 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

More Meta Platforms News

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Insider Buying and Selling

In other news, COO Javier Olivan sold 3,348 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the completion of the sale, the chief operating officer owned 9,498 shares of the company’s stock, valued at $5,708,013.06. This represents a 26.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the sale, the insider owned 1,118 shares in the company, valued at approximately $681,890.56. The trade was a 65.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 39,503 shares of company stock valued at $24,241,859. 13.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

META has been the topic of a number of analyst reports. Bank of America cut their price target on Meta Platforms from $885.00 to $820.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Mizuho dropped their price objective on Meta Platforms from $850.00 to $835.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Tigress Financial increased their target price on Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 18th. TD Cowen reduced their target price on Meta Platforms from $820.00 to $800.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $835.90.

Read Our Latest Analysis on META

Meta Platforms Price Performance

META opened at $681.31 on Thursday. The stock has a market cap of $1.72 trillion, a P/E ratio of 24.77, a P/E/G ratio of 1.17 and a beta of 1.25. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $601.49 and a 200 day simple moving average of $626.86.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping the consensus estimate of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same period in the previous year, the company posted $6.43 earnings per share. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, research analysts expect that Meta Platforms, Inc. will post 29.42 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a $0.525 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is currently 7.63%.

Meta Platforms Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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