4WEALTH Advisors Inc. Purchases 1,456 Shares of Alphabet Inc. (NASDAQ:GOOG)

4WEALTH Advisors Inc. grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 34.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,623 shares of the information services provider's stock after acquiring an additional 1,456 shares during the period. Alphabet accounts for 1.0% of 4WEALTH Advisors Inc.'s portfolio, making the stock its 27th largest holding. 4WEALTH Advisors Inc.'s holdings in Alphabet were worth $879,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. LSV Asset Management acquired a new stake in Alphabet during the 4th quarter worth $27,000. Principia Wealth Advisory LLC grew its holdings in Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after acquiring an additional 85 shares during the period. MorganRosel Wealth Management LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $26,000. WealthTrak Capital Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Alphabet in the 4th quarter valued at $39,000. Institutional investors own 27.26% of the company's stock.

Alphabet Stock Up 0.5%

Shares of GOOG traded up $0.96 during trading hours on Tuesday, reaching $192.11. 26,133,333 shares of the stock traded hands, compared to its average volume of 21,617,580. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $174.02 and a 200 day simple moving average of $174.50. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. The company has a market cap of $2.33 trillion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.30 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.02 by $0.79. The business had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.44%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is 9.36%.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the sale, the director owned 243,400 shares of the company's stock, valued at approximately $45,213,984. This represents a 7.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 400 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $181.98, for a total transaction of $72,792.00. Following the sale, the director directly owned 6,013 shares in the company, valued at $1,094,245.74. This trade represents a 6.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 249,409 shares of company stock valued at $43,523,710 over the last quarter. Company insiders own 12.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BNP Paribas cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Wells Fargo & Company reissued an "equal weight" rating on shares of Alphabet in a research report on Wednesday, July 9th. Cowen reaffirmed a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Roth Capital reaffirmed a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, Susquehanna reaffirmed a "positive" rating on shares of Alphabet in a report on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and five have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.07.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.