Acima Private Wealth LLC Has $346,000 Stake in Alphabet Inc. (NASDAQ:GOOGL)

Key Points

• Acima Private Wealth LLC reduced its stake in Alphabet Inc. by 42.3%, now holding 2,240 shares valued at $346,000.
• Despite Acima's reduction, several other institutional investors have increased their positions in Alphabet, with Price T Rowe Associates Inc. growing its stake by 8.3%.
• Alphabet recently announced a quarterly dividend of $0.21 per share, yielding 0.4% annually, set to pay on September 15th.

Acima Private Wealth LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 42.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,240 shares of the information services provider's stock after selling 1,640 shares during the quarter. Acima Private Wealth LLC's holdings in Alphabet were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in GOOGL. Price T Rowe Associates Inc. MD grew its stake in Alphabet by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,638,127 shares of the information services provider's stock worth $18,672,198,000 after buying an additional 7,574,417 shares during the last quarter. Capital Research Global Investors grew its stake in Alphabet by 16.2% during the 4th quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider's stock worth $13,635,878,000 after buying an additional 10,037,685 shares during the last quarter. Northern Trust Corp grew its stake in Alphabet by 17.0% during the 4th quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider's stock worth $13,178,470,000 after buying an additional 10,135,430 shares during the last quarter. Wellington Management Group LLP grew its stake in Alphabet by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 66,050,135 shares of the information services provider's stock worth $12,503,291,000 after buying an additional 9,042,271 shares during the last quarter. Finally, Capital International Investors grew its stake in Alphabet by 5.7% during the 4th quarter. Capital International Investors now owns 33,183,489 shares of the information services provider's stock worth $6,281,879,000 after buying an additional 1,779,031 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Up 1.2%

Alphabet stock traded up $2.34 during mid-day trading on Tuesday, hitting $203.34. The company's stock had a trading volume of 30,394,815 shares, compared to its average volume of 38,526,824. The firm's 50 day moving average is $182.27 and its 200 day moving average is $173.02. The company has a market cap of $2.46 trillion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.36 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.16. The firm had revenue of $96,428,000 billion during the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. On average, analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the transaction, the chief executive officer directly owned 2,559,892 shares of the company's stock, valued at $456,991,919.84. This represents a 1.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 23,820 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the transaction, the insider directly owned 42,999 shares in the company, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 274,219 shares of company stock valued at $49,674,273 in the last three months. Insiders own 11.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Roth Capital upped their price objective on Alphabet from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Cantor Fitzgerald upped their price objective on Alphabet from $196.00 to $201.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Morgan Stanley upped their price objective on Alphabet from $185.00 to $205.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Guggenheim upped their price objective on Alphabet from $190.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company raised their price target on Alphabet from $184.00 to $187.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $211.53.

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.