Altus Wealth Group LLC Has $664,000 Stake in Meta Platforms, Inc. $META

Altus Wealth Group LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 900 shares of the social networking company’s stock after buying an additional 67 shares during the quarter. Altus Wealth Group LLC’s holdings in Meta Platforms were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Pachira Investments Inc. lifted its holdings in shares of 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 buying an additional 14 shares during the last quarter. Hemington Wealth Management lifted its holdings in shares of Meta Platforms by 0.6% during the 2nd quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock valued at $1,641,000 after buying an additional 14 shares during the last quarter. Myecfo LLC lifted its holdings in shares of 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 buying an additional 15 shares during the last quarter. Shelton Wealth Management LLC lifted its holdings in Meta Platforms by 0.9% in the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after purchasing an additional 15 shares during the last quarter. Finally, Kooman & Associates boosted its position in Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock worth $402,000 after purchasing an additional 15 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $749.57, for a total value of $387,527.69. Following the completion of the sale, the chief operating officer directly owned 7,958 shares in the company, valued at approximately $5,965,078.06. This trade represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $736.37, for a total value of $382,176.03. Following the completion of the sale, the insider owned 28,275 shares of the company’s stock, valued at approximately $20,820,861.75. This trade represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 213,663 shares of company stock worth $164,595,807. 13.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. TD Cowen upped their target price on Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Zacks Research raised Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. JMP Securities upped their target price on Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on Meta Platforms from $795.00 to $875.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Wedbush upped their target price on Meta Platforms from $750.00 to $920.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $829.66.

Meta Platforms Stock Up 0.0%

Shares of NASDAQ META opened at $751.67 on Thursday. The stock has a market cap of $1.89 trillion, a PE ratio of 27.21, a PEG ratio of 1.59 and a beta of 1.20. The business has a fifty day moving average of $741.86 and a two-hundred day moving average of $696.13. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. 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 issued its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 7.60%.

Meta Platforms 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.