Brown Lisle Cummings Inc. Purchases 4,062 Shares of Alphabet Inc. (NASDAQ:GOOG)

Brown Lisle Cummings Inc. boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,634 shares of the information services provider's stock after purchasing an additional 4,062 shares during the period. Alphabet accounts for 1.4% of Brown Lisle Cummings Inc.'s investment portfolio, making the stock its 13th biggest holding. Brown Lisle Cummings Inc.'s holdings in Alphabet were worth $4,942,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management acquired a new position in Alphabet in the 4th quarter valued at approximately $27,000. Principia Wealth Advisory LLC increased its stake in shares of Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after acquiring an additional 85 shares during the last quarter. WealthTrak Capital Management LLC purchased a new stake in shares of Alphabet during the fourth quarter worth $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet during the fourth quarter valued at $39,000. Finally, Noble Wealth Management PBC purchased a new position in Alphabet in the fourth quarter valued at about $43,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 216,195 shares of company stock worth $35,764,898 in the last 90 days. Corporate insiders own 12.99% of the company's stock.

Alphabet Stock Performance

NASDAQ:GOOG traded up $3.84 during mid-day trading on Friday, hitting $178.27. 73,708,766 shares of the company's stock traded hands, compared to its average volume of 20,960,079. The firm has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 1.21 and a beta of 1.01. The firm has a 50 day moving average of $167.33 and a two-hundred day moving average of $176.22. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating 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 business had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the company posted $1.89 earnings per share. Alphabet's revenue was up 12.0% on a year-over-year basis. On average, equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were paid a $0.21 dividend. 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet's dividend payout ratio (DPR) is 9.36%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GOOG. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $171.00 target price on shares of Alphabet in a research report on Friday, April 25th. Tigress Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a research report on Friday, May 2nd. Scotiabank reduced their target price on shares of Alphabet from $232.00 to $200.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. KeyCorp dropped their price target on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Finally, Needham & Company LLC downgraded shares of Alphabet from a "buy" rating to a "cautious" rating in a report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $204.88.

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.