Professional
Added to YB: 2024-04-11
Pitch date: 2024-04-06
META [bullish]
Meta Platforms, Inc.
+23.06%
current return
Author Info
No bio for this author
Company Info
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 and mixed reality headsets, augmented reality, and wearables worldwide.
Market Cap
$1.6T
Pitch Price
$526.17
Price Target
N/A
Dividend
0.33%
EV/EBITDA
16.04
P/E
28.46
EV/Sales
8.61
Sector
Interactive Media and Services
Category
dividend
ClearBridge Dividend Strategy New Portfolio Holding: Meta Platforms, Inc.
META: Initiated position post dividend announcement. Unparalleled ecosystem reaches 40% of global population daily. Highly profitable with strong balance sheet despite growth investments. Dividend signals rising capital discipline. Expect steady dividend growth. Acted fast to buy shares next day.
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