5 Best Big Company Stocks to Buy

3. Meta Platforms, Inc. (NASDAQ:META)

Meta Platforms, Inc. (NASDAQ:META) provides social networking services, advertising solutions, and more through various platforms, including Facebook, Instagram, Threads, and WhatsApp.

On February 1, Meta Platforms, Inc. (NASDAQ:META) declared its first-ever quarterly dividend of $0.50, payable by March 26 to the shareholders of record on February 22. At the time of writing on February 9, the stock’s dividend yield was 0.426%.

In the fourth quarter, Meta Platforms, Inc. (NASDAQ:META) announced a GAAP EPS of $5.33, surpassing the estimates by $0.39. The revenue grew by 24.7% YoY to $40.11 billion and beat the estimates by $940 million.

Meta Platforms, Inc. (NASDAQ:META) was mentioned in First Pacific Advisors’ fourth quarter 2023 investor letter. Here is what it said:

“Meta Platforms, Inc. (NASDAQ:META) saw a welcome recovery in engagement and revenue year-to-date following a tough 2022. The company has continued to offer new solutions that allow advertisers to target customers effectively and efficiently via one of the world’s leading digital platforms. Moreover, operating profits are rising due to an organization-wide focus on improving productivity and accelerating the time to market for new products. However, overall profitability continues to be weighed down by losses in the Reality Labs segment. But, there is positive optionality that Meta will emerge from the AI arms race as one of the leading players in the industry.”