CFM Wealth Partners LLC Has $41.34 Million Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• CFM Wealth Partners trimmed its Alphabet stake 2.6% to 132,077 shares valued at $41.34 million, making GOOGL 6.0% of the firm's portfolio and its third-largest holding.
• Alphabet posted a blockbuster Q1 — $5.11 EPS vs. $2.64 expected and $109.9B revenue — triggering multiple analyst price-target raises and a consensus "Moderate Buy" with a $406.71 target.
• Alphabet raised its quarterly dividend to $0.22 (annualized $0.88, ~0.2% yield), while insiders sold roughly 158,553 shares over the last 90 days and the company faces EU/UK legal and regulatory overhangs.

CFM Wealth Partners LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,077 shares of the information services provider's stock after selling 3,530 shares during the quarter. Alphabet makes up 6.0% of CFM Wealth Partners LLC's portfolio, making the stock its 3rd largest holding. CFM Wealth Partners LLC's holdings in Alphabet were worth $41,340,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PMV Capital Advisers LLC bought a new position in Alphabet in the fourth quarter worth $38,000. Kentucky Trust Co lifted its position in Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after purchasing an additional 100 shares during the period. iSAM Funds UK Ltd bought a new position in Alphabet in the third quarter worth $53,000. Pilgrim Partners Asia Pte Ltd bought a new position in Alphabet in the third quarter worth $53,000. Finally, PayPay Securities Corp lifted its position in Alphabet by 23.7% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $77,000 after purchasing an additional 47 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of GOOGL stock opened at $397.99 on Friday. The stock has a 50-day moving average price of $318.66 and a 200 day moving average price of $311.72. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.81 trillion, a price-to-earnings ratio of 30.36, a PEG ratio of 1.66 and a beta of 1.26. Alphabet Inc. has a 12 month low of $152.20 and a 12 month high of $400.10.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Research analysts expect that Alphabet Inc. will post 14.01 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet's dividend payout ratio is 6.41%.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of the firm's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the transaction, the chief accounting officer owned 10,093 shares in the company, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the transaction, the chief executive officer owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. This trade represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 158,553 shares of company stock valued at $47,951,856. 11.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GOOGL shares. Truist Financial raised their target price on Alphabet from $385.00 to $415.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. HSBC increased their price objective on Alphabet from $385.00 to $435.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. China Renaissance increased their price objective on Alphabet from $400.00 to $485.00 and gave the stock a "buy" rating in a research note on Monday. Rosenblatt Securities increased their price objective on Alphabet from $357.00 to $393.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Finally, Susquehanna reiterated a "positive" rating and set a $460.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $406.71.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Huge Q1 beat and cash generation — Alphabet reported blockbuster Q1 results and large net income, highlighting strong Search and AI-driven revenue that underpins recent multiple expansion and investor confidence. It Takes Meta Almost 9 Minutes...
• Positive Sentiment: Analyst upgrades lift sentiment — Mizuho raised its price target to $460 (outperform) and other shops have pushed targets higher, reinforcing buy-side momentum after the earnings beat. Alphabet Given New $460.00 Price Target at Mizuho
• Positive Sentiment: New consumer products and recurring revenue — Google rebranded Fitbit to Google Health, launched a $9.99/month AI health coach (May 19) and unveiled the Fitbit Air wearable; subscription services could add predictable ARPU. Google's $9.99-per-month AI health coach...
• Positive Sentiment: Market leadership narrative — Coverage notes Alphabet closing the gap on Nvidia for the world's largest market cap, a bullish signal that may attract momentum and index flows. Alphabet Is About to Overtake Nvidia...
• Neutral Sentiment: Hiring and process changes — Google is piloting AI-assisted software-engineer interviews and exploring personal AI agents (Remy), which could improve hiring throughput but raise operational and fairness questions. Google plans to let software engineers...
• Neutral Sentiment: R&D and partnerships — DeepMind has taken a minority stake to train models on the EVE Online environment and Google continues investing in personal AI agents; long-term upside but near-term costs remain. Google DeepMind Will Train AI Models...
• Negative Sentiment: Regulatory/legal risk in EU news case — Google proposed changes to search news displays to avoid further EU fines, highlighting ongoing exposure to large competition penalties that could hit earnings or require product changes. Google moves to avert EU fines...
• Negative Sentiment: UK display-ads legal claim — A £3bn collective claim alleging monopolization of display ads introduces another material legal overhang that could pressure valuation until resolved. Google facing £3bn legal claim...

Alphabet Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.