Capstone Financial Advisors Inc. Has $683,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Key Points

• Capstone Financial Advisors Inc. reduced its holdings in Alphabet Inc. by 29.7% in the first quarter, leaving it with shares worth approximately $683,000.
• Institutional investors currently hold 40.03% of Alphabet's stock, with notable increases from firms like Guardian Wealth Management, which raised its stake by 242.9%.
• Alphabet recently announced a quarterly dividend of $0.21 per share, representing an annual yield of 0.4%, with an ex-dividend date set for September 8th.

Capstone Financial Advisors Inc. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 29.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,417 shares of the information services provider's stock after selling 1,862 shares during the quarter. Capstone Financial Advisors Inc.'s holdings in Alphabet were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GOOGL. Guardian Wealth Management Inc. grew its stake in Alphabet by 242.9% in the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock valued at $26,000 after purchasing an additional 119 shares in the last quarter. IMA Advisory Services Inc. purchased a new position in Alphabet in the first quarter valued at about $28,000. von Borstel & Associates Inc. purchased a new position in Alphabet in the first quarter valued at about $28,000. Financial Gravity Asset Management Inc. purchased a new position in Alphabet in the first quarter valued at about $39,000. Finally, Anderson Financial Strategies LLC purchased a new position in Alphabet in the fourth quarter valued at about $49,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insiders Place Their Bets

In related news, Director Kavitark Ram Shriram sold 15,000 shares of the firm's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the completion of the sale, the director directly owned 240,400 shares of the company's stock, valued at $44,656,704. This trade represents a 5.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $196.23, for a total value of $6,377,475.00. Following the sale, the chief executive officer directly owned 2,494,892 shares of the company's stock, valued at $489,572,657.16. This represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 273,219 shares of company stock valued at $49,474,273. Company insiders own 11.55% of the company's stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of recent research reports. BMO Capital Markets boosted their target price on Alphabet from $208.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. JMP Securities boosted their target price on Alphabet from $220.00 to $225.00 and gave the company a "market outperform" rating in a research note on Thursday, July 24th. Royal Bank Of Canada boosted their target price on Alphabet from $200.00 to $220.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Susquehanna boosted their target price on Alphabet from $220.00 to $225.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Finally, Oppenheimer upped their price target on Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.53.

Alphabet Trading Up 2.5%

Shares of GOOGL opened at $201.42 on Monday. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $180.89 and a 200-day simple moving average of $172.80. The stock has a market cap of $2.44 trillion, a PE ratio of 21.45, a PEG ratio of 1.36 and a beta of 1.01.

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

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's dividend payout ratio (DPR) is currently 8.95%.

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.

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