Triune Financial Partners LLC Acquires Shares of 1,509 Alphabet Inc. $GOOGL

Key Points

• Triune Financial Partners LLC acquired 1,509 shares of Alphabet Inc. during the first quarter, valued at approximately $233,000, as reported in their Form 13F filing.
• Insider John Kent Walker sold 23,820 shares of Alphabet stock for a total value of $4,637,754, which decreased his ownership by 35.65%.
• Alphabet recently announced a quarterly dividend of $0.21 per share, with a yield of 0.4%, to be paid on September 15th.

Triune Financial Partners LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,509 shares of the information services provider's stock, valued at approximately $233,000.

Several other institutional investors also recently modified their holdings of the business. Siren L.L.C. grew its stake in shares of Alphabet by 624.3% in the first quarter. Siren L.L.C. now owns 50,703 shares of the information services provider's stock worth $7,841,000 after purchasing an additional 43,703 shares during the last quarter. WBI Investments LLC bought a new stake in shares of Alphabet in the first quarter worth $417,000. Indiana Trust & Investment Management Co grew its stake in shares of Alphabet by 3.6% in the first quarter. Indiana Trust & Investment Management Co now owns 48,126 shares of the information services provider's stock worth $7,442,000 after purchasing an additional 1,662 shares during the last quarter. MBL Wealth LLC grew its stake in shares of Alphabet by 1.1% in the first quarter. MBL Wealth LLC now owns 23,884 shares of the information services provider's stock worth $3,693,000 after purchasing an additional 256 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Alphabet by 20.1% in the first quarter. Geneos Wealth Management Inc. now owns 74,363 shares of the information services provider's stock worth $11,499,000 after purchasing an additional 12,420 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Up 0.2%

Shares of GOOGL stock traded up $0.43 on Friday, reaching $240.80. 26,758,216 shares of the company were exchanged, compared to its average volume of 35,407,372. The company has a market cap of $2.91 trillion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.62 and a beta of 1.01. The company has a 50-day moving average of $201.89 and a 200-day moving average of $177.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a one year low of $140.53 and a one year high of $242.25.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.16. The company had revenue of $96.43 billion for the quarter, compared to analysts' expectations of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's dividend payout ratio is 8.95%.

Insider Activity at Alphabet

In other news, Director Kavitark Ram Shriram sold 18,566 shares of the stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the transaction, the director owned 243,400 shares of the company's stock, valued at $45,213,984. This represents a 7.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 1,000 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $200.00, for a total transaction of $200,000.00. Following the completion of the sale, the director owned 6,916 shares in the company, valued at $1,383,200. This represents a 12.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 254,710 shares of company stock worth $49,208,380 over the last quarter. Company insiders own 11.64% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. JMP Securities boosted their price objective on shares of Alphabet from $225.00 to $250.00 and gave the stock a "market outperform" rating in a research note on Wednesday, September 3rd. Cantor Fitzgerald boosted their price objective on shares of Alphabet from $196.00 to $201.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Roth Capital upped their price target on shares of Alphabet from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of Alphabet from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, DA Davidson upped their price target on shares of Alphabet from $180.00 to $190.00 and gave the company a "neutral" rating in a research report on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $221.44.

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.