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flag Meta Platforms beat earnings estimates, saw a major stake shift, and announced a new dividend.

flag Marion Wealth Management sold 1,397 shares of Meta Platforms, reducing its holdings to 6,725 shares worth $3.876 million. flag Meanwhile, Kovitz Investment Group increased its stake by 255.9%, owning 1,709,694 shares valued at $1 billion. flag Meta Platforms reported $6.43 EPS, beating estimates by $1.10, with revenue up 16.1% to $42.31 billion. flag The company declared a quarterly dividend of $0.525 per share, with a dividend yield of 0.33%.

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