Schwarz Dygos Wheeler Investment Advisors LLC Sells 229 Shares of Meta Platforms, Inc. (NASDAQ:META)

Schwarz Dygos Wheeler Investment Advisors LLC cut its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,754 shares of the social networking company’s stock after selling 229 shares during the period. Meta Platforms makes up approximately 0.8% of Schwarz Dygos Wheeler Investment Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Meta Platforms were worth $2,745,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in META. Addison Advisors LLC lifted its stake in Meta Platforms by 3.9% in the fourth quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock worth $237,000 after purchasing an additional 25 shares during the last quarter. WoodTrust Financial Corp raised its stake in shares of Meta Platforms by 1.8% during the fourth quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock valued at $548,000 after acquiring an additional 27 shares during the last quarter. Tennessee Valley Asset Management Partners increased its position in shares of Meta Platforms by 0.6% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock valued at $1,616,000 after buying an additional 27 shares during the period. Peterson Wealth Advisors LLC increased its position in shares of Meta Platforms by 1.9% during the fourth quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock valued at $520,000 after buying an additional 28 shares during the period. Finally, Edge Wealth Management LLC increased its position in shares of Meta Platforms by 4.0% during the fourth quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock valued at $258,000 after buying an additional 28 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 566 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $404.00, for a total transaction of $228,664.00. Following the completion of the transaction, the insider now owns 34,720 shares in the company, valued at approximately $14,026,880. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Meta Platforms news, COO Javier Olivan sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $400.00, for a total transaction of $2,600,000.00. Following the transaction, the chief operating officer now owns 68,935 shares in the company, valued at approximately $27,574,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 566 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $404.00, for a total transaction of $228,664.00. Following the completion of the sale, the insider now owns 34,720 shares in the company, valued at approximately $14,026,880. The disclosure for this sale can be found here. Insiders sold a total of 1,349,148 shares of company stock worth $649,552,559 in the last 90 days. 13.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on META shares. Guggenheim cut their price objective on shares of Meta Platforms from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a report on Thursday. Wedbush cut their price objective on shares of Meta Platforms from $570.00 to $480.00 and set an “outperform” rating on the stock in a report on Thursday. Jefferies Financial Group cut their price objective on shares of Meta Platforms from $585.00 to $540.00 and set a “buy” rating on the stock in a report on Thursday. Finally, BMO Capital Markets increased their price target on shares of Meta Platforms from $397.00 to $450.00 and gave the company a “market perform” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $509.18.

Meta Platforms Trading Up 0.4 %

Meta Platforms stock traded up $1.91 during trading hours on Friday, hitting $443.29. The company had a trading volume of 32,645,619 shares, compared to its average volume of 18,233,678. The firm has a market cap of $1.13 trillion, a P/E ratio of 25.46, a P/E/G ratio of 1.12 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.68. Meta Platforms, Inc. has a 1 year low of $229.85 and a 1 year high of $531.49. The company has a 50-day moving average price of $494.48 and a two-hundred day moving average price of $404.27.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The firm had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 20.33 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

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.