Total Wealth Planning & Management Inc. Purchases New Shares in Alphabet Inc. (NASDAQ:GOOGL)

Total Wealth Planning & Management Inc. acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,565 shares of the information services provider's stock, valued at approximately $1,621,000. Alphabet makes up approximately 1.5% of Total Wealth Planning & Management Inc.'s portfolio, making the stock its 12th biggest holding.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Alphabet by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after buying an additional 4,567,275 shares during the period. Wealth Group Ltd. grew its holdings in shares of Alphabet by 5.2% during the fourth quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider's stock worth $299,000 after buying an additional 78 shares in the last quarter. Capital & Planning LLC grew its stake in Alphabet by 34.3% in the fourth quarter. Capital & Planning LLC now owns 4,383 shares of the information services provider's stock valued at $830,000 after purchasing an additional 1,119 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. grew its stake in Alphabet by 95.0% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 39,000 shares of the information services provider's stock valued at $7,383,000 after purchasing an additional 19,000 shares in the last quarter. Finally, Capstone Wealth Management LLC bought a new position in Alphabet in the fourth quarter valued at approximately $277,000. Institutional investors own 40.03% of the company's stock.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 1,374 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,606,213.28. This trade represents a 8.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. The trade was a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,654 shares of company stock worth $26,793,380 over the last ninety days. 11.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GOOGL shares. Stifel Nicolaus dropped their price target on Alphabet from $225.00 to $192.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price target on Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Needham & Company LLC reissued a "buy" rating and set a $178.00 price target on shares of Alphabet in a report on Friday, April 25th. Wedbush set a $190.00 price objective on Alphabet and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. Finally, Mizuho reduced their price objective on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $199.75.

Alphabet Stock Down 0.3%

NASDAQ:GOOGL traded down $0.54 during midday trading on Wednesday, hitting $172.36. 34,466,802 shares of the company were exchanged, compared to its average volume of 29,837,596. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.09 trillion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company has a fifty day simple moving average of $158.87 and a 200 day simple moving average of $174.75.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same quarter last year, the business earned $1.89 earnings per share. As a group, equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a dividend of $0.21 per share. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.49%. Alphabet's dividend payout ratio is 9.36%.

Alphabet Profile

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.