Schmidt P J Investment Management Inc. Reduces Stake in Alphabet Inc. $GOOG

Key Points

• Schmidt P J Investment Management trimmed its position in Alphabet by 3.1% in Q4, selling 3,236 shares to hold 99,832 shares worth about $31.33 million, making GOOG its fourth-largest holding (~5.1% of the portfolio).
• Alphabet reported a blowout Q1 (EPS $5.11 vs. consensus ≈$2.68 and revenue $109.9B, +21.8%), with Google Cloud up ~63% to ~$20B, spurring multiple analyst price‑target raises and a consensus Buy rating.
• The company raised its quarterly dividend to $0.22 (0.2% yield), but faces significant near‑term headwinds from very large AI‑related capex ($185–190B guided for 2026 and higher in 2027) and ongoing regulatory scrutiny that could pressure cash flow and margins.

Schmidt P J Investment Management Inc. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,832 shares of the information services provider's stock after selling 3,236 shares during the period. Alphabet comprises about 5.1% of Schmidt P J Investment Management Inc.'s portfolio, making the stock its 4th largest position. Schmidt P J Investment Management Inc.'s holdings in Alphabet were worth $31,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of Alphabet by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock worth $24,240,469,000 after acquiring an additional 7,904,434 shares in the last quarter. Danske Bank A S bought a new position in shares of Alphabet in the 3rd quarter worth $678,198,000. Holocene Advisors LP bought a new position in shares of Alphabet in the 2nd quarter worth $455,745,000. Alliancebernstein L.P. raised its position in shares of Alphabet by 5.8% in the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider's stock worth $9,749,864,000 after acquiring an additional 2,209,203 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Alphabet by 208.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,130,681 shares of the information services provider's stock worth $273,026,000 after acquiring an additional 2,177,855 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $383.22 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12 month low of $149.49 and a 12 month high of $383.39. The company has a 50 day simple moving average of $312.44 and a two-hundred day simple moving average of $308.65. The stock has a market cap of $4.64 trillion, a price-to-earnings ratio of 29.23, a PEG ratio of 1.81 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.96 billion. During the same period in the previous year, the business posted $2.81 EPS. The business's quarterly revenue was up 21.8% compared to the same quarter last year. As a group, analysts predict that Alphabet Inc. will post 12.78 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GOOG shares. Pivotal Research restated a "buy" rating and issued a $470.00 price target (up from $420.00) on shares of Alphabet in a report on Wednesday. Jefferies Financial Group restated a "buy" rating and issued a $365.00 price target on shares of Alphabet in a report on Monday, January 5th. Scotiabank restated an "outperform" rating and issued a $450.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday. BMO Capital Markets restated an "outperform" rating and issued a $400.00 price target on shares of Alphabet in a report on Thursday, February 5th. Finally, Wedbush restated an "outperform" rating and issued a $370.00 price target on shares of Alphabet in a report on Thursday, February 5th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $362.73.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Record Q1 fundamentals — Alphabet beat estimates (EPS $5.11 vs. $2.64 consensus) and reported $109.9B revenue; Google Cloud grew ~63% to ~ $20B with a very large backlog, which underpins multi-year revenue visibility and explains the rally. Alphabet Q1 2026 Earnings Call Highlights
• Positive Sentiment: Wall Street is upgrading targets — multiple firms (JPMorgan, TD Cowen, Scotiabank, Raymond James, Piper Sandler and others) raised price targets and reiterated buys after the quarter, signaling analyst conviction that AI/cloud growth justifies higher valuation. Coverage: Recent price-target raises
• Positive Sentiment: Strategic wins and ecosystem advantages — articles argue Alphabet’s “compute” advantage (TPUs, datacenter scale, full‑stack Gemini integrations) gives it a structural edge versus rivals and supports both ad/product monetization and enterprise AI demand. Compute is destiny. Google just proved it.
• Neutral Sentiment: Government and enterprise demand — the U.S. Pentagon and other large customers have agreements with leading AI providers including Google, validating long-term cloud/AI revenue channels but timing and contract sizes vary. This supports durable demand but is not an immediate revenue kicker. Pentagon reaches agreements with leading AI companies
• Negative Sentiment: CapEx intensity and cash flow tradeoff — management signaled very large AI-related capital spending (2026 capex ~ $185–190B and “significantly higher” expected in 2027). That funds growth but will pressure free cash flow and raises execution/ROI scrutiny. Alphabet ups 2026 capex to as much as $190 billion
• Negative Sentiment: Rising cost concerns and regulatory risks — commentary highlights the growing capital and operating cost of AI (potential margin/cashflow headwinds), and regulators in Europe are probing Google’s AI/search features — both are watch‑items for investors. Google Stock Growth Collides With The Rising Cost Of AI Italy asks EU to investigate Google AI search tools

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total transaction of $37,842.00. Following the completion of the transaction, the director directly owned 18,621 shares of the company's stock, valued at $6,908,391. The trade was a 0.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director directly owned 3,581 shares of the company's stock, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 191,053 shares of company stock worth $58,845,206. Corporate insiders own 12.99% of the company's stock.

Alphabet Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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