McKinley Carter Wealth Services Inc. Purchases 294 Shares of Meta Platforms, Inc. $META

McKinley Carter Wealth Services Inc. increased its position in Meta Platforms, Inc. (NASDAQ:META) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,307 shares of the social networking company’s stock after purchasing an additional 294 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Meta Platforms were worth $11,298,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of META. Pachira Investments Inc. lifted its stake in Meta Platforms by 3.0% during the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock valued at $360,000 after acquiring an additional 14 shares in the last quarter. Shelton Wealth Management LLC lifted its stake in Meta Platforms by 0.9% during the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock valued at $1,302,000 after acquiring an additional 15 shares in the last quarter. Myecfo LLC lifted its stake in Meta Platforms by 2.0% during the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock valued at $573,000 after acquiring an additional 15 shares in the last quarter. Kooman & Associates lifted its stake in Meta Platforms by 2.8% during the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock valued at $402,000 after acquiring an additional 15 shares in the last quarter. Finally, Nabity Jensen Investment Management Inc lifted its stake in Meta Platforms by 1.1% during the 2nd quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company’s stock valued at $1,017,000 after acquiring an additional 15 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on META shares. Piper Sandler raised their target price on Meta Platforms from $808.00 to $880.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Oppenheimer raised their target price on Meta Platforms from $775.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Royal Bank Of Canada raised their target price on Meta Platforms from $740.00 to $840.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Meta Platforms in a research report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $830.68.

Meta Platforms Trading Up 0.7%

Shares of META opened at $716.91 on Friday. The business has a 50-day moving average of $746.75 and a 200 day moving average of $683.72. 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 $1.80 trillion, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping 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 company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same quarter last year, the firm posted $5.16 EPS. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is presently 7.60%.

Insider Buying and Selling

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 214,182 shares of company stock worth $164,933,323 over the last quarter. 13.61% of the stock is owned by corporate 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.