Revisor Wealth Management LLC Has $1.35 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Revisor Wealth Management LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 95.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,750 shares of the information services provider's stock after purchasing an additional 4,265 shares during the period. Revisor Wealth Management LLC's holdings in Alphabet were worth $1,353,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Anderson Financial Strategies LLC acquired a new position in Alphabet in the fourth quarter valued at approximately $49,000. EQ Wealth Advisors LLC bought a new stake in shares of Alphabet during the 1st quarter valued at $49,000. Navigoe LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $51,000. Prudent Man Investment Management Inc. bought a new position in shares of Alphabet in the 4th quarter worth $53,000. Finally, Campbell Capital Management Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth $57,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on GOOGL shares. Rosenblatt Securities reissued a "neutral" rating and issued a $189.00 target price on shares of Alphabet in a research note on Wednesday, May 21st. Citizens Jmp upgraded shares of Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 price target on the stock in a research report on Friday, June 27th. JMP Securities upgraded shares of Alphabet from a "market perform" rating to a "market outperform" rating and set a $220.00 price objective for the company in a report on Friday, June 27th. Sanford C. Bernstein upped their target price on shares of Alphabet from $165.00 to $185.00 and gave the company a "market perform" rating in a research note on Friday, April 25th. Finally, Jefferies Financial Group reduced their price target on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and a consensus target price of $200.13.

Alphabet Stock Performance

Shares of GOOGL traded up $1.00 during midday trading on Thursday, reaching $177.62. The stock had a trading volume of 29,191,793 shares, compared to its average volume of 31,845,344. The firm has a market cap of $2.16 trillion, a PE ratio of 19.80, a P/E/G ratio of 1.24 and a beta of 1.00. The firm has a 50 day simple moving average of $169.67 and a 200-day simple moving average of $173.69. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results 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 $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. During the same period last year, the business posted $1.89 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were issued a dividend of $0.21 per share. The ex-dividend date was 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 dividend yield of 0.47%. Alphabet's payout ratio is presently 9.36%.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $170.87, for a total value of $5,553,275.00. Following the transaction, the chief executive officer directly owned 2,620,196 shares of the company's stock, valued at $447,712,890.52. This represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the sale, the director directly owned 261,966 shares of the company's stock, valued at $45,844,050. The trade was a 3.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 215,643 shares of company stock valued at $36,330,928. 11.64% of the stock is owned by insiders.

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.