Triglav Skladi D.O.O. Lowers Holdings in Alphabet Inc. (NASDAQ:GOOG)

Key Points

• Triglav Skladi D.O.O. has reduced its holdings in Alphabet Inc. by 3.5%, now owning 81,840 shares valued at approximately $12.8 million, representing 1.1% of its portfolio.
• Several other institutional investors have increased their stakes in Alphabet, with ARQ Wealth Advisors increasing their position by 39.3% in the last quarter.
• Alphabet recently announced a quarterly dividend of $0.21 per share, with a dividend yield of 0.4%, scheduled for payment on September 15th.

Triglav Skladi D.O.O. decreased its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,840 shares of the information services provider's stock after selling 3,000 shares during the quarter. Alphabet accounts for 1.1% of Triglav Skladi D.O.O.'s portfolio, making the stock its 22nd biggest holding. Triglav Skladi D.O.O.'s holdings in Alphabet were worth $12,786,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. ARQ Wealth Advisors LLC increased its position in shares of Alphabet by 39.3% during the 4th quarter. ARQ Wealth Advisors LLC now owns 4,964 shares of the information services provider's stock valued at $945,000 after purchasing an additional 1,400 shares during the last quarter. Independence Bank of Kentucky increased its position in shares of Alphabet by 10.2% during the 1st quarter. Independence Bank of Kentucky now owns 14,907 shares of the information services provider's stock valued at $2,329,000 after purchasing an additional 1,376 shares during the last quarter. Harvest Investment Services LLC increased its position in shares of Alphabet by 3.3% during the 4th quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock valued at $824,000 after purchasing an additional 138 shares during the last quarter. Fermata Advisors LLC grew its position in Alphabet by 2.7% in the 1st quarter. Fermata Advisors LLC now owns 9,771 shares of the information services provider's stock valued at $1,527,000 after acquiring an additional 259 shares during the last quarter. Finally, jvl associates llc grew its position in Alphabet by 3.5% in the 1st quarter. jvl associates llc now owns 10,055 shares of the information services provider's stock valued at $1,571,000 after acquiring an additional 343 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. BNP Paribas cut Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Scotiabank upped their price objective on Alphabet from $200.00 to $240.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price objective on Alphabet from $200.00 to $232.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group restated a "buy" rating and set a $220.00 price objective on shares of Alphabet in a research note on Monday, June 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and five have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $215.19.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $196.23, for a total value of $6,377,475.00. Following the transaction, the chief executive officer owned 2,494,892 shares in the company, valued at $489,572,657.16. The trade was a 1.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 1,000 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $200.00, for a total value of $200,000.00. Following the completion of the transaction, the director owned 6,916 shares in the company, valued at $1,383,200. This trade represents a 12.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 274,219 shares of company stock valued at $49,674,273 over the last quarter. Company insiders own 12.99% of the company's stock.

Alphabet Price Performance

GOOG stock opened at $204.16 on Wednesday. The business has a fifty day moving average of $183.25 and a two-hundred day moving average of $174.55. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.19. The firm had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. Alphabet's revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business posted $1.89 earnings per share. As a group, research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's payout ratio is presently 8.95%.

About Alphabet

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.

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