AIMZ Investment Advisors LLC Sells 2,130 Shares of Alphabet Inc. $GOOG

Key Points

• AIMZ Investment Advisors LLC reduced its stake in Alphabet Inc. by 4.2%, now holding 48,101 shares worth approximately $7.52 million.
• Alphabet declared a quarterly dividend of $0.21 per share, with a record date of September 8th, resulting in an annualized yield of 0.4%.
• CEO Sundar Pichai sold 32,500 shares for approximately $6.5 million, reflecting a 1.30% decrease in his ownership in the company.

AIMZ Investment Advisors LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,101 shares of the information services provider's stock after selling 2,130 shares during the quarter. Alphabet comprises 2.6% of AIMZ Investment Advisors LLC's holdings, making the stock its 6th biggest position. AIMZ Investment Advisors LLC's holdings in Alphabet were worth $7,515,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GOOG. Oliver Luxxe Assets LLC lifted its holdings in shares of Alphabet by 51.9% during the 1st quarter. Oliver Luxxe Assets LLC now owns 2,267 shares of the information services provider's stock valued at $354,000 after purchasing an additional 775 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Alphabet by 26.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,122,313 shares of the information services provider's stock worth $175,339,000 after acquiring an additional 237,648 shares in the last quarter. Lionshead Wealth Management LLC increased its holdings in shares of Alphabet by 2.8% during the first quarter. Lionshead Wealth Management LLC now owns 2,628 shares of the information services provider's stock valued at $411,000 after acquiring an additional 72 shares in the last quarter. Haverford Trust Co increased its stake in Alphabet by 4.2% during the 1st quarter. Haverford Trust Co now owns 103,520 shares of the information services provider's stock valued at $16,173,000 after purchasing an additional 4,204 shares in the last quarter. Finally, Groupe la Francaise purchased a new position in shares of Alphabet in the first quarter worth $63,169,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 600 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total value of $122,274.00. Following the completion of the transaction, the director directly owned 6,316 shares of the company's stock, valued at approximately $1,287,137.64. This represents a 8.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $199.92, for a total transaction of $6,497,400.00. Following the sale, the chief executive officer directly owned 2,462,392 shares in the company, valued at approximately $492,281,408.64. This trade represents a 1.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 254,719 shares of company stock valued at $47,223,172 over the last ninety days. Company insiders own 12.99% of the company's stock.

Alphabet Price Performance

Shares of GOOG stock traded up $0.26 during trading hours on Wednesday, hitting $208.21. 15,151,759 shares of the company's stock were exchanged, compared to its average volume of 23,652,604. The firm has a 50 day moving average of $188.95 and a two-hundred day moving average of $174.99. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $211.09. The firm has a market cap of $2.52 trillion, a P/E ratio of 22.17, a P/E/G ratio of 1.41 and a beta of 1.02. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. The company had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. Alphabet's payout ratio is currently 8.95%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GOOG. UBS Group increased their price objective on shares of Alphabet from $186.00 to $192.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Needham & Company LLC downgraded Alphabet from a "buy" rating to a "cautious" rating in a research report on Friday, May 2nd. Oppenheimer reiterated an "outperform" rating and set a $235.00 price objective (up previously from $220.00) on shares of Alphabet in a research note on Thursday, July 24th. Barclays restated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, Roth Capital reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Five equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $215.19.

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.