Heck Capital Advisors LLC Takes Position in Alphabet Inc. (NASDAQ:GOOG)

Heck Capital Advisors LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,114 shares of the information services provider's stock, valued at approximately $403,000.

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

Alphabet Stock Up 2.6%

Alphabet stock traded up $4.39 during trading hours on Tuesday, hitting $173.98. 24,291,303 shares of the stock traded hands, compared to its average volume of 20,134,876. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm's 50-day moving average price is $160.54 and its two-hundred day moving average price is $176.49. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The company has a market cap of $2.11 trillion, a PE ratio of 21.61, a PEG ratio of 1.34 and a beta of 1.01.

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

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a dividend of $0.21 per share. 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. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. Alphabet's dividend payout ratio is presently 9.36%.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the transaction, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,837,500.00. Following the transaction, the director now directly owns 261,966 shares in the company, valued at approximately $45,844,050. The trade was a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,654 shares of company stock valued at $26,793,380 over the last 90 days. 12.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on GOOG. Tigress Financial reissued a "strong-buy" rating on shares of Alphabet in a report on Friday, May 2nd. The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Benchmark reiterated a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Rosenblatt Securities raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, KeyCorp cut their price target on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $203.94.

Alphabet Company 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.