3,075 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. purchased a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,075 shares of the information services provider's stock, valued at approximately $586,000.

Other institutional investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Alphabet in the 4th quarter valued at $786,942,000. Fidelity D & D Bancorp Inc. grew its stake in shares of Alphabet by 22.8% during the 4th quarter. Fidelity D & D Bancorp Inc. now owns 2,797 shares of the information services provider's stock worth $533,000 after purchasing an additional 520 shares during the period. Landaas & Co. WI ADV grew its stake in shares of Alphabet by 8.5% during the 4th quarter. Landaas & Co. WI ADV now owns 1,710 shares of the information services provider's stock worth $326,000 after purchasing an additional 134 shares during the period. ABLE Financial Group LLC boosted its position in shares of Alphabet by 2.6% in the 4th quarter. ABLE Financial Group LLC now owns 2,704 shares of the information services provider's stock worth $515,000 after buying an additional 68 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Alphabet in the 4th quarter worth about $441,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GOOG. KeyCorp decreased their price target on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group restated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush restated an "outperform" rating and issued a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. Oppenheimer increased their price objective on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Finally, Needham & Company LLC downgraded shares of Alphabet from a "buy" rating to a "cautious" rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $203.94.

Alphabet Stock Performance

GOOG stock traded down $0.60 during mid-day trading on Wednesday, reaching $173.38. The company had a trading volume of 24,106,636 shares, compared to its average volume of 20,176,255. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.10 trillion, a P/E ratio of 21.54, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The stock's 50-day simple moving average is $160.72 and its two-hundred day simple moving average is $176.47.

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

Alphabet Increases Dividend

The business also recently disclosed 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. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's payout ratio is currently 9.36%.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 2,652,696 shares in the company, valued at $413,555,306.40. The trade was a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 1,374 shares of Alphabet stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $173.47, for a total value of $238,347.78. Following the sale, the chief accounting officer now owns 15,024 shares of the company's stock, valued at approximately $2,606,213.28. This represents a 8.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,654 shares of company stock worth $26,793,380. 12.99% of the stock is owned by corporate insiders.

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.