Sentinel Pension Advisors Inc. Has $458,000 Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Sentinel Pension Advisors Inc. boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 800 shares of the social networking company’s stock after buying an additional 31 shares during the quarter. Sentinel Pension Advisors Inc.’s holdings in Meta Platforms were worth $458,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Delos Wealth Advisors LLC boosted its stake in shares of Meta Platforms by 527.3% during the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock worth $34,000 after acquiring an additional 58 shares during the period. POM Investment Strategies LLC bought a new stake in Meta Platforms in the 2nd quarter valued at $38,000. Ruedi Wealth Management Inc. lifted its position in shares of Meta Platforms by 122.2% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock valued at $40,000 after acquiring an additional 44 shares during the period. Richardson Financial Services Inc. lifted its position in shares of Meta Platforms by 95.6% during the 1st quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company’s stock valued at $41,000 after acquiring an additional 43 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Meta Platforms during the 1st quarter worth $44,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Trading Down 1.6 %

META opened at $576.79 on Thursday. The business has a 50 day simple moving average of $544.01 and a two-hundred day simple moving average of $507.60. Meta Platforms, Inc. has a one year low of $279.40 and a one year high of $602.95. The firm has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 33.13, a PEG ratio of 1.45 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.83 and a quick ratio of 2.83.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.70 by $0.46. The business had revenue of $39.07 billion for the quarter, compared to the consensus estimate of $38.26 billion. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $3.23 EPS. Analysts predict that Meta Platforms, Inc. will post 21.37 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.35%. Meta Platforms’s dividend payout ratio is currently 11.49%.

Insider Buying and Selling

In other news, CEO Mark Zuckerberg sold 84 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $600.00, for a total value of $50,400.00. Following the completion of the sale, the chief executive officer now directly owns 518,424 shares of the company’s stock, valued at $311,054,400. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Mark Zuckerberg sold 84 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $600.00, for a total transaction of $50,400.00. Following the sale, the chief executive officer now owns 518,424 shares of the company’s stock, valued at $311,054,400. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 413 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $584.83, for a total value of $241,534.79. Following the transaction, the chief operating officer now owns 11,533 shares in the company, valued at approximately $6,744,844.39. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 249,911 shares of company stock worth $131,887,905. Corporate insiders own 13.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on META. JMP Securities upped their target price on Meta Platforms from $550.00 to $635.00 and gave the stock a “market outperform” rating in a report on Thursday, September 26th. Evercore ISI increased their price target on Meta Platforms from $550.00 to $600.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Pivotal Research initiated coverage on Meta Platforms in a report on Tuesday, October 1st. They issued a “buy” rating and a $780.00 price target on the stock. Bank of America increased their price objective on Meta Platforms from $563.00 to $630.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Loop Capital increased their price target on Meta Platforms from $550.00 to $575.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $613.71.

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.