U.S. Capital Wealth Advisors LLC Has $15.64 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

U.S. Capital Wealth Advisors LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,124 shares of the information services provider's stock after purchasing an additional 3,334 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Alphabet were worth $15,638,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GOOGL. von Borstel & Associates Inc. bought a new stake in shares of Alphabet during the 1st quarter worth $28,000. Anderson Financial Strategies LLC acquired a new stake in Alphabet during the 4th quarter worth about $49,000. Navigoe LLC purchased a new stake in Alphabet during the fourth quarter valued at about $51,000. Elite Financial Inc. acquired a new position in shares of Alphabet in the first quarter worth about $42,000. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of Alphabet in the fourth quarter worth approximately $53,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Jefferies Financial Group decreased their target price on Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Westpark Capital restated a "buy" rating and set a $210.00 price target on shares of Alphabet in a report on Thursday, May 8th. Oppenheimer upped their price objective on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Sanford C. Bernstein lifted their target price on shares of Alphabet from $165.00 to $185.00 and gave the company a "market perform" rating in a research note on Friday, April 25th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and a consensus price target of $199.61.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm's 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 owned 2,559,892 shares in the company, valued at $456,991,919.84. This trade represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the completion of the sale, the director owned 261,966 shares in the company, valued at approximately $45,844,050. This represents a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 215,443 shares of company stock worth $36,298,548. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

GOOGL traded up $1.37 on Monday, hitting $181.56. 32,482,647 shares of the stock traded hands, compared to its average volume of 36,605,242. The business has a fifty day moving average price of $170.32 and a two-hundred day moving average price of $173.15. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.20 trillion, a PE ratio of 20.24, a P/E/G ratio of 1.27 and a beta of 1.00. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. The company had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same quarter last year, the firm earned $1.89 EPS. On average, research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were paid a $0.21 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet's dividend payout ratio is currently 9.36%.

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.