Financial Security Advisor Inc. Has $7.88 Million Stake in Alphabet Inc. $GOOGL

Key Points

• Financial Security Advisor Inc. raised its stake in Alphabet Inc. by 5.9% in Q2, acquiring additional shares, bringing their total to $7.88 million and making it their 11th largest holding.
• Alphabet reported earnings of $2.31 per share for the last quarter, exceeding analysts' expectations, alongside revenue of $96.43 billion.
• The company recently declared a quarterly dividend of $0.21 per share, reflecting an annualized yield of 0.3%.

Financial Security Advisor Inc. raised its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,696 shares of the information services provider's stock after acquiring an additional 2,473 shares during the quarter. Alphabet makes up about 1.8% of Financial Security Advisor Inc.'s investment portfolio, making the stock its 11th largest holding. Financial Security Advisor Inc.'s holdings in Alphabet were worth $7,877,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOGL. Missouri Trust & Investment Co boosted its stake in shares of Alphabet by 0.3% during the 2nd quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider's stock worth $2,981,000 after acquiring an additional 55 shares during the period. AM Investment Strategies LLC boosted its holdings in Alphabet by 0.9% in the 2nd quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider's stock valued at $1,141,000 after purchasing an additional 57 shares during the period. Bfsg LLC grew its holdings in shares of Alphabet by 0.6% during the 2nd quarter. Bfsg LLC now owns 10,428 shares of the information services provider's stock worth $1,838,000 after purchasing an additional 59 shares in the last quarter. Financial Council LLC boosted its position in shares of Alphabet by 1.0% during the 2nd quarter. Financial Council LLC now owns 5,800 shares of the information services provider's stock worth $1,022,000 after acquiring an additional 60 shares in the last quarter. Finally, Enzi Wealth grew its position in Alphabet by 2.5% in the first quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock valued at $408,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Up 0.7%

GOOGL stock opened at $253.30 on Friday. The company has a market capitalization of $3.06 trillion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.71 and a beta of 1.00. The company's 50 day moving average price is $231.55 and its two-hundred day moving average price is $191.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a one year low of $140.53 and a one year high of $256.96.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating 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 company had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.60 billion. As a group, analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were issued a $0.21 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio is 8.95%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GOOGL. Stifel Nicolaus boosted their price target on Alphabet from $200.00 to $218.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, September 3rd. Royal Bank Of Canada lifted their price objective on shares of Alphabet from $220.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, September 3rd. Tigress Financial lifted their price objective on shares of Alphabet from $240.00 to $280.00 and gave the stock a "strong-buy" rating in a research report on Friday, September 5th. Finally, Guggenheim reiterated a "buy" rating and issued a $280.00 target price (up previously from $210.00) on shares of Alphabet in a research note on Friday. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.24.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O'toole sold 2,778 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the sale, the chief accounting officer directly owned 17,293 shares of the company's stock, valued at approximately $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total transaction of $8,108,750.00. Following the sale, the chief executive officer directly owned 2,397,392 shares of the company's stock, valued at $598,149,304. This trade represents a 1.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 246,150 shares of company stock valued at $55,805,379. Corporate insiders own 11.64% of the company's stock.

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.

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