Revisor Wealth Management LLC Raises Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Revisor Wealth Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 107.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,659 shares of the information services provider's stock after purchasing an additional 1,899 shares during the quarter. Revisor Wealth Management LLC's holdings in Alphabet were worth $572,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GOOG. LSV Asset Management purchased a new stake in Alphabet during the fourth quarter worth approximately $27,000. WealthTrak Capital Management LLC acquired a new position in Alphabet during the fourth quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new position in Alphabet during the fourth quarter worth approximately $39,000. Sellwood Investment Partners LLC acquired a new position in Alphabet during the fourth quarter worth approximately $43,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in Alphabet during the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Price Performance

GOOG stock traded up $0.46 on Friday, reaching $180.22. 13,287,389 shares of the company's stock were exchanged, compared to its average volume of 21,210,158. The stock has a fifty day moving average of $169.97 and a 200-day moving average of $175.49. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The firm has a market cap of $2.19 trillion, a PE ratio of 20.09, a P/E/G ratio of 1.27 and a beta of 1.01. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03.

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

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is currently 9.36%.

Analyst Upgrades and Downgrades

GOOG has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on Alphabet from $180.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $220.00 price target on shares of Alphabet in a research report on Monday, June 2nd. Tigress Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a research report on Friday, May 2nd. Citigroup reaffirmed a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. Finally, Needham & Company LLC lowered Alphabet from a "buy" rating to a "cautious" rating in a research report on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and six have issued a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.38.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 600 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $105,000.00. Following the transaction, the director owned 6,813 shares of the company's stock, valued at $1,192,275. This represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $170.87, for a total value of $5,553,275.00. Following the sale, the chief executive officer owned 2,620,196 shares in the company, valued at approximately $447,712,890.52. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 215,643 shares of company stock valued at $36,330,928 over the last quarter. Company insiders own 12.99% of the company's stock.

Alphabet Company 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.