PCA Investment Advisory Services Inc. Buys 1,402 Shares of Alphabet Inc. (NASDAQ:GOOG)

PCA Investment Advisory Services Inc. increased its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 13.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,716 shares of the information services provider's stock after acquiring an additional 1,402 shares during the quarter. Alphabet comprises approximately 1.0% of PCA Investment Advisory Services Inc.'s investment portfolio, making the stock its 25th biggest holding. PCA Investment Advisory Services Inc.'s holdings in Alphabet were worth $1,830,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after acquiring an additional 6,410 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in Alphabet by 4.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider's stock valued at $96,465,000 after purchasing an additional 20,855 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Alphabet during the fourth quarter valued at approximately $719,000. Fortis Capital Management LLC raised its holdings in Alphabet by 1.4% in the fourth quarter. Fortis Capital Management LLC now owns 59,366 shares of the information services provider's stock worth $11,306,000 after purchasing an additional 799 shares in the last quarter. Finally, Guardian Partners Inc. purchased a new stake in shares of Alphabet in the fourth quarter worth $2,475,000. Institutional investors own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of recent analyst reports. Tigress Financial reiterated a "strong-buy" rating on shares of Alphabet in a research report on Friday, May 2nd. Oppenheimer reaffirmed an "outperform" rating and set a $220.00 price objective (up from $200.00) on shares of Alphabet in a research note on Wednesday, July 9th. Citizens Jmp upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 26th. KeyCorp reduced their price target on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Finally, Westpark Capital reiterated a "buy" rating and issued a $210.00 price target on shares of Alphabet in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $208.40.

Insiders Place Their Bets

In other news, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the transaction, the director owned 243,400 shares in the company, valued at approximately $45,213,984. This represents a 7.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $155.90, for a total transaction of $5,066,750.00. Following the transaction, the chief executive officer owned 2,652,696 shares of the company's stock, valued at approximately $413,555,306.40. The trade was a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 249,409 shares of company stock valued at $43,523,710. Corporate insiders own 12.99% of the company's stock.

Alphabet Stock Up 2.8%

Shares of GOOG traded up $5.21 during trading hours on Monday, hitting $191.15. The stock had a trading volume of 24,552,642 shares, compared to its average volume of 21,599,443. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The firm has a 50 day simple moving average of $174.02 and a 200-day simple moving average of $174.50. The firm has a market capitalization of $2.32 trillion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 1.30 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.02 by $0.79. The business had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. Alphabet's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $1.89 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were given a dividend of $0.21 per share. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.44%. Alphabet's dividend payout ratio is presently 9.36%.

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.