Schwarz Dygos Wheeler Investment Advisors LLC Sells 3,000 Shares of Alphabet Inc. (NASDAQ:GOOG)

Schwarz Dygos Wheeler Investment Advisors LLC cut its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 9.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,799 shares of the information services provider's stock after selling 3,000 shares during the quarter. Alphabet makes up about 1.0% of Schwarz Dygos Wheeler Investment Advisors LLC's holdings, making the stock its 25th biggest position. Schwarz Dygos Wheeler Investment Advisors LLC's holdings in Alphabet were worth $4,343,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LSV Asset Management acquired a new position in Alphabet in the 4th quarter valued at $27,000. Principia Wealth Advisory LLC grew its position in Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after purchasing an additional 85 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new stake in Alphabet in the 1st quarter worth $26,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet in the 4th quarter worth $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet in the 4th quarter worth $39,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the transaction, the chief executive officer directly owned 2,559,892 shares of the company's stock, valued at $456,991,919.84. This trade represents a 1.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $105,000.00. Following the transaction, the director directly owned 6,813 shares of the company's stock, valued at $1,192,275. This represents a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 183,343 shares of company stock valued at $31,296,140 in the last ninety days. Insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

GOOG has been the topic of several research analyst reports. BNP Paribas lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Raymond James Financial restated an "outperform" rating on shares of Alphabet in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $195.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Barclays restated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, Scotiabank decreased their price target on shares of Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and six have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $208.40.

Alphabet Price Performance

GOOG stock traded up $0.67 during trading on Wednesday, hitting $183.77. 21,124,587 shares of the stock traded hands, compared to its average volume of 21,528,894. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The stock has a market cap of $2.23 trillion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 1.29 and a beta of 1.01. The company has a 50 day simple moving average of $172.81 and a 200 day simple moving average of $174.80. 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:GOOG - Get Free Report) last announced its quarterly 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. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The firm had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same period last year, the firm posted $1.89 EPS. The firm's quarterly revenue was up 12.0% on a year-over-year basis. Equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared 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. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio (DPR) is currently 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.