Alphabet Inc. $GOOGL Stake Lifted by Radnor Capital Management LLC

Key Points

• Radnor Capital Management LLC increased its stake in Alphabet Inc. by 5.6% during the second quarter, now owning 30,323 shares valued at approximately $5.34 million, representing 0.9% of its investment portfolio.
• Alphabet recently reported better-than-expected quarterly earnings of $2.31 per share and revenue of $96.43 billion, exceeding analyst estimates.
• The company declared a quarterly dividend of $0.21 per share with a dividend yield of 0.3%, reflecting a payout ratio of 8.95%.

Radnor Capital Management LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 30,323 shares of the information services provider's stock after buying an additional 1,610 shares during the quarter. Alphabet makes up about 0.9% of Radnor Capital Management LLC's investment portfolio, making the stock its 21st largest holding. Radnor Capital Management LLC's holdings in Alphabet were worth $5,344,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Guardian Wealth Management Inc. boosted its stake in Alphabet by 242.9% during the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock valued at $26,000 after purchasing an additional 119 shares during the period. von Borstel & Associates Inc. bought a new stake in shares of Alphabet during the first quarter valued at approximately $28,000. IMA Advisory Services Inc. bought a new stake in shares of Alphabet during the first quarter valued at approximately $28,000. NBZ Investment Advisors LLC boosted its position in shares of Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock worth $30,000 after buying an additional 90 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new position in Alphabet in the 1st quarter worth approximately $39,000. Institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $252.03 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $3.05 trillion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 1.68 and a beta of 1.01. The company has a 50 day simple moving average of $207.87 and a 200-day simple moving average of $179.73. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $253.99.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. 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 $93.60 billion. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 8th. Alphabet's dividend payout ratio (DPR) is currently 8.95%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GOOGL shares. Wells Fargo & Company lifted their target price on Alphabet from $184.00 to $187.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Bank of America raised their price target on Alphabet from $210.00 to $217.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Truist Financial reaffirmed a "buy" rating and issued a $200.00 price objective on shares of Alphabet in a report on Wednesday, July 2nd. Royal Bank Of Canada increased their target price on shares of Alphabet from $220.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Alphabet in a research report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $224.51.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 23,820 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the sale, the insider directly owned 42,999 shares of the company's stock, valued at $8,371,905.30. This trade represents a 35.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 2,778 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the sale, the chief accounting officer directly owned 17,293 shares of the company's stock, valued at approximately $4,236,785. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 258,088 shares of company stock valued at $52,405,304 in the last quarter. Corporate insiders own 11.64% 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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