Alphabet Inc. (NASDAQ:GOOG) is Blair William & Co. IL's 9th Largest Position

Key Points

• Blair William & Co. IL reduced its stake in Alphabet Inc. by 1.2% during the first quarter, now holding 3,215,678 shares, valued at approximately $502 million.
• Alphabet reported earnings of $2.31 EPS for the last quarter, exceeding expectations, with a revenue of $96.43 billion, a 13.8% year-over-year increase.
• The company announced a quarterly dividend of $0.21 per share, with the dividend yield standing at 0.4%, set to be paid on September 15th.

Blair William & Co. IL lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,215,678 shares of the information services provider's stock after selling 37,973 shares during the quarter. Alphabet makes up approximately 1.5% of Blair William & Co. IL's portfolio, making the stock its 9th largest holding. Blair William & Co. IL's holdings in Alphabet were worth $502,385,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Concentrum Wealth Management boosted its position in Alphabet by 0.3% during the fourth quarter. Concentrum Wealth Management now owns 17,328 shares of the information services provider's stock worth $3,300,000 after purchasing an additional 57 shares during the period. JDM Financial Group LLC boosted its position in Alphabet by 10.6% during the fourth quarter. JDM Financial Group LLC now owns 593 shares of the information services provider's stock worth $113,000 after purchasing an additional 57 shares during the period. Objectivity Squared LLC boosted its position in Alphabet by 0.4% during the first quarter. Objectivity Squared LLC now owns 16,342 shares of the information services provider's stock worth $2,605,000 after purchasing an additional 62 shares during the period. Tranquility Partners LLC boosted its position in Alphabet by 0.4% during the first quarter. Tranquility Partners LLC now owns 14,488 shares of the information services provider's stock worth $2,263,000 after purchasing an additional 63 shares during the period. Finally, Stonebridge Financial Group LLC boosted its position in Alphabet by 0.6% during the first quarter. Stonebridge Financial Group LLC now owns 10,648 shares of the information services provider's stock worth $1,664,000 after purchasing an additional 64 shares during the period. Institutional investors own 27.26% of the company's stock.

Alphabet Trading Up 3.1%

Shares of Alphabet stock traded up $5.80 on Monday, hitting $195.75. The stock had a trading volume of 23,350,404 shares, compared to its average volume of 26,139,204. 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 Inc. has a one year low of $142.66 and a one year high of $208.70. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.26 and a beta of 1.02. The stock's 50-day simple moving average is $179.37 and its two-hundred day simple moving average is $174.39.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.19. The business had revenue of $96.43 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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

Analyst Ratings Changes

GOOG has been the topic of a number of recent analyst reports. Westpark Capital reissued a "buy" rating and issued a $210.00 price target on shares of Alphabet in a report on Friday, April 25th. Barclays reissued a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Rosenblatt Securities raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Needham & Company LLC downgraded shares of Alphabet from a "buy" rating to a "cautious" rating in a report on Friday, May 2nd. Finally, Scotiabank increased their price target on shares of Alphabet from $200.00 to $240.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $215.19.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 18,566 shares of the business's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the sale, the director owned 243,400 shares in the company, valued at approximately $45,213,984. The trade was a 7.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,399 shares of company stock worth $43,525,794. Corporate 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.