RNC Capital Management LLC Sells 116 Shares of Meta Platforms, Inc. $META

RNC Capital Management LLC cut its position in Meta Platforms, Inc. (NASDAQ:META) by 1.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,942 shares of the social networking company’s stock after selling 116 shares during the quarter. RNC Capital Management LLC’s holdings in Meta Platforms were worth $7,338,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC bought a new position in Meta Platforms in the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms in the first quarter worth about $33,000. Evergreen Private Wealth LLC raised its holdings in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares in the last quarter. Maseco LLP bought a new position in Meta Platforms in the second quarter worth about $54,000. Finally, eCIO Inc. acquired a new position in shares of Meta Platforms during the first quarter valued at about $58,000. 79.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $753.00, for a total transaction of $390,807.00. Following the transaction, the insider owned 27,756 shares in the company, valued at $20,900,268. This trade represents a 1.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $749.57, for a total value of $387,527.69. Following the transaction, the chief operating officer owned 7,958 shares in the company, valued at $5,965,078.06. This trade represents a 6.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 198,335 shares of company stock worth $153,047,009. Corporate insiders own 13.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Citizens Jmp upped their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. The Goldman Sachs Group restated a “buy” rating on shares of Meta Platforms in a report on Tuesday, October 14th. Weiss Ratings restated a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. UBS Group upped their price objective on shares of Meta Platforms from $900.00 to $915.00 and gave the company a “buy” rating in a report on Thursday. Finally, Canaccord Genuity Group restated a “buy” rating and set a $900.00 price objective on shares of Meta Platforms in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $827.60.

Meta Platforms Trading Down 2.7%

Meta Platforms stock opened at $648.35 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The stock’s 50 day simple moving average is $738.28 and its two-hundred day simple moving average is $697.96. The firm has a market cap of $1.63 trillion, a PE ratio of 28.64, a P/E/G ratio of 1.38 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same quarter in the prior year, the firm posted $6.03 EPS. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is currently 9.28%.

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.