Capital A Wealth Management LLC Makes New $621,000 Investment in Alphabet Inc. (NASDAQ:GOOG)

Capital A Wealth Management LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,263 shares of the information services provider's stock, valued at approximately $621,000. Alphabet makes up approximately 1.0% of Capital A Wealth Management LLC's holdings, making the stock its 19th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. purchased a new position in Alphabet in the fourth quarter valued at about $27,000. LSV Asset Management purchased a new position in shares of Alphabet during the 4th quarter worth approximately $27,000. WealthTrak Capital Management LLC purchased a new position in shares of Alphabet during the 4th quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Alphabet during the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet during the 4th quarter worth approximately $43,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 0.4%

Alphabet stock traded down $0.65 during midday trading on Thursday, hitting $172.73. 11,845,854 shares of the stock were exchanged, compared to its average volume of 22,970,248. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The firm has a market cap of $2.10 trillion, a P/E ratio of 21.45, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a 50 day moving average price of $160.86 and a two-hundred day moving average price of $176.45.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.89 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is 9.36%.

Insider Activity

In related news, CAO Amie Thuener O'toole sold 1,374 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the sale, the chief accounting officer now owns 15,024 shares of the company's stock, valued at $2,606,213.28. This represents a 8.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business'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 sale, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. This represents a 1.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,654 shares of company stock worth $26,793,380. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GOOG. UBS Group dropped their price objective on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Susquehanna reissued a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. Citigroup reaffirmed a "sell" rating on shares of Alphabet in a research note on Wednesday, April 23rd. Scotiabank lowered 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. Finally, Wedbush reaffirmed an "outperform" rating and issued a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $203.94.

About Alphabet

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.