Mid American Wealth Advisory Group Inc. Acquires New Holdings in Meta Platforms, Inc. $META

Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 222 shares of the social networking company’s stock, valued at approximately $164,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in META. Barnes Dennig Private Wealth Management LLC bought a new position in Meta Platforms during the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms during the first quarter valued at approximately $33,000. Evergreen Private Wealth LLC increased its holdings in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after buying an additional 38 shares during the last quarter. Maseco LLP purchased a new stake in Meta Platforms during the second quarter valued at approximately $54,000. Finally, eCIO Inc. purchased a new stake in Meta Platforms during the first quarter valued at approximately $58,000. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on META shares. Mizuho reduced their target price on shares of Meta Platforms from $925.00 to $815.00 and set an “outperform” rating for the company in a report on Thursday. Royal Bank Of Canada reduced their target price on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating for the company in a report on Thursday. Cantor Fitzgerald reduced their target price on shares of Meta Platforms from $920.00 to $830.00 and set an “overweight” rating for the company in a report on Thursday. Morgan Stanley upped their target price on shares of Meta Platforms from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company reduced their target price on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $827.60.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the sale, the chief technology officer owned 1,799 shares of the company’s stock, valued at $1,394,225. The trade was a 86.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $769.38, for a total value of $12,192,364.86. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 198,335 shares of company stock worth $153,047,009. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Performance

Shares of NASDAQ META opened at $666.47 on Friday. The firm has a fifty day moving average price of $740.41 and a 200-day moving average price of $695.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market cap of $1.67 trillion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating the consensus estimate of $6.74 by $0.51. The company had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.69%. Meta Platforms’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period last year, the company posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a dividend of $0.525 per share. 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 presently 9.28%.

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.