Cassady Schiller Wealth Management LLC Has $115,000 Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Cassady Schiller Wealth Management LLC trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META) by 31.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197 shares of the social networking company’s stock after selling 92 shares during the period. Cassady Schiller Wealth Management LLC’s holdings in Meta Platforms were worth $115,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Howard Capital Management Group LLC increased its stake in Meta Platforms by 17.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,652 shares of the social networking company’s stock worth $946,000 after acquiring an additional 251 shares during the period. Principal Financial Group Inc. lifted its holdings in Meta Platforms by 6.5% during the 3rd quarter. Principal Financial Group Inc. now owns 3,368,361 shares of the social networking company’s stock worth $1,928,185,000 after buying an additional 204,412 shares during the period. United Bank lifted its holdings in Meta Platforms by 22.2% during the 3rd quarter. United Bank now owns 5,569 shares of the social networking company’s stock worth $3,188,000 after buying an additional 1,011 shares during the period. Essential Planning LLC. acquired a new position in Meta Platforms during the 3rd quarter worth about $251,000. Finally, Gilbert & Cook Inc. bought a new stake in shares of Meta Platforms during the 3rd quarter valued at about $204,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Susan J. Li sold 8,553 shares of the company’s stock in a transaction on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $6,300,738.51. Following the completion of the transaction, the chief financial officer now owns 51,793 shares of the company’s stock, valued at approximately $38,154,349.31. This represents a 14.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 413 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $590.00, for a total transaction of $243,670.00. Following the transaction, the chief operating officer now directly owns 17,927 shares of the company’s stock, valued at $10,576,930. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 622,844 shares of company stock valued at $409,212,161 in the last 90 days. Company insiders own 13.71% of the company’s stock.

Wall Street Analyst Weigh In

META has been the topic of several research analyst reports. Jefferies Financial Group upped their target price on Meta Platforms from $675.00 to $715.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Mizuho increased their price objective on Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Arete Research upgraded Meta Platforms to a “hold” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Meta Platforms from $688.00 to $765.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $718.31.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $586.00 on Friday. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91. The firm has a market cap of $1.48 trillion, a P/E ratio of 24.50, a PEG ratio of 1.42 and a beta of 1.23. The company has a 50 day moving average of $655.77 and a 200 day moving average of $604.56. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter last year, the firm posted $5.33 earnings per share. As a group, research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be given a dividend of $0.525 per share. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.36%. Meta Platforms’s payout ratio is presently 8.78%.

Meta Platforms Company 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.