Ullmann Wealth Partners Group LLC Increases Holdings in Meta Platforms, Inc. (NASDAQ:META)

Ullmann Wealth Partners Group LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,152 shares of the social networking company’s stock after buying an additional 24 shares during the period. Ullmann Wealth Partners Group LLC’s holdings in Meta Platforms were worth $1,260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of META. Fiera Capital Corp boosted its stake in shares of Meta Platforms by 35.1% in the second quarter. Fiera Capital Corp now owns 27,272 shares of the social networking company’s stock worth $13,751,000 after buying an additional 7,089 shares during the last quarter. Pekin Hardy Strauss Inc. boosted its position in Meta Platforms by 5.0% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 877 shares of the social networking company’s stock worth $442,000 after purchasing an additional 42 shares in the last quarter. GDS Wealth Management boosted its position in Meta Platforms by 11.5% in the 2nd quarter. GDS Wealth Management now owns 23,107 shares of the social networking company’s stock worth $11,651,000 after purchasing an additional 2,391 shares in the last quarter. Primecap Management Co. CA increased its holdings in shares of Meta Platforms by 2.5% during the 2nd quarter. Primecap Management Co. CA now owns 706,450 shares of the social networking company’s stock valued at $356,206,000 after purchasing an additional 17,225 shares in the last quarter. Finally, DHK Financial Advisors Inc. purchased a new position in shares of Meta Platforms during the 2nd quarter valued at approximately $252,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 5,057 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $577.16, for a total transaction of $2,918,698.12. Following the sale, the chief technology officer now owns 8,565 shares in the company, valued at $4,943,375.40. This represents a 37.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Aaron Anderson sold 731 shares of Meta Platforms stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $407,167.00. Following the completion of the transaction, the chief accounting officer now owns 3,414 shares of the company’s stock, valued at $1,901,598. The trade was a 17.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 496,174 shares of company stock valued at $301,408,499. 13.71% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Up 0.2 %

Meta Platforms stock opened at $612.77 on Friday. The company has a market capitalization of $1.55 trillion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. Meta Platforms, Inc. has a fifty-two week low of $370.95 and a fifty-two week high of $638.40. The firm has a 50 day moving average price of $596.78 and a 200 day moving average price of $556.39.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The business had revenue of $40.59 billion during the quarter, compared to analysts’ expectations of $40.21 billion. Research analysts expect that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.33%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Meta Platforms from $605.00 to $630.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Roth Mkm lifted their price target on Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Citigroup upped their price target on Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus raised their price objective on Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, TD Cowen upped their target price on Meta Platforms from $600.00 to $675.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $650.05.

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.