Alphabet Inc. $GOOG Shares Purchased by QTR Family Wealth LLC

Key Points

• QTR Family Wealth LLC increased its holdings in Alphabet Inc. by 7.2% in Q2, now holding 21,310 shares valued at approximately $3.78 million.
• Alphabet announced a quarterly dividend of $0.21 per share, with a dividend payout ratio of 8.95% and an annual yield of 0.3%.
• Wall Street analysts have a strong consensus on Alphabet stock, with five ratings as Strong Buy and an average target price of $235.33.

QTR Family Wealth LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 21,310 shares of the information services provider's stock after acquiring an additional 1,431 shares during the period. Alphabet accounts for 2.3% of QTR Family Wealth LLC's portfolio, making the stock its 10th largest position. QTR Family Wealth LLC's holdings in Alphabet were worth $3,780,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOG. Kingstone Capital Partners Texas LLC grew its holdings in shares of Alphabet by 580,897.4% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider's stock valued at $23,963,208,000 after buying an additional 135,064,454 shares during the period. Nuveen LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $2,622,943,000. Vanguard Group Inc. grew its holdings in shares of Alphabet by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider's stock valued at $64,299,725,000 after buying an additional 9,687,855 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Alphabet by 9.9% in the 1st quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider's stock valued at $15,971,861,000 after buying an additional 9,243,959 shares during the period. Finally, Strs Ohio acquired a new position in shares of Alphabet in the 1st quarter valued at $369,713,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GOOG. Citizens Jmp raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. KeyCorp set a $265.00 price objective on shares of Alphabet in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research report on Saturday, September 27th. Jefferies Financial Group boosted their price objective on shares of Alphabet from $230.00 to $285.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Roth Capital reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Five analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $235.33.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $246.45 on Friday. The company's 50 day moving average price is $221.89 and its two-hundred day moving average price is $187.01. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $256.70. The firm has a market cap of $2.98 trillion, a PE ratio of 26.25, a PEG ratio of 1.66 and a beta of 1.00. 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 announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. During the same quarter in the prior year, the business posted $1.89 EPS. The business's revenue was up 13.8% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 8th. Alphabet's dividend payout ratio is presently 8.95%.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total transaction of $5,992,350.00. Following the completion of the sale, the chief executive officer owned 2,527,392 shares of the company's stock, valued at approximately $466,000,536.96. This represents a 1.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the sale, the director directly owned 243,400 shares of the company's stock, valued at approximately $45,213,984. This trade represents a 7.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 276,738 shares of company stock worth $59,135,475 in the last quarter. Corporate insiders own 12.99% of the company's stock.

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.

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