Alphabet Inc. $GOOG Shares Sold by Vanguard Capital Wealth Advisors

Key Points

• Vanguard Capital Wealth Advisors reduced its holdings in Alphabet Inc. by 21.9%, selling 5,455 shares during the second quarter, leaving them with 19,437 shares valued at approximately $3.45 million.
• Several hedge funds, including Brighton Jones LLC and Bank Pictet & Cie Europe AG, have recently increased their stakes in Alphabet, indicating a heightened interest in the company.
• Alphabet announced a quarterly dividend of $0.21 per share, equating to an annual yield of 0.3%, with a payout ratio of 8.95% as of the latest financial disclosure.

Vanguard Capital Wealth Advisors reduced its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 21.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,437 shares of the information services provider's stock after selling 5,455 shares during the period. Alphabet accounts for about 3.4% of Vanguard Capital Wealth Advisors' investment portfolio, making the stock its 6th biggest holding. Vanguard Capital Wealth Advisors' holdings in Alphabet were worth $3,448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC increased its holdings in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after purchasing an additional 6,410 shares during the period. Bank Pictet & Cie Europe AG grew its position in Alphabet by 4.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider's stock valued at $96,465,000 after purchasing an additional 20,855 shares in the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new stake in Alphabet in the fourth quarter valued at $237,000. Mackenzie Financial Corp raised its stake in Alphabet by 5.6% in the 4th quarter. Mackenzie Financial Corp now owns 726,195 shares of the information services provider's stock valued at $138,297,000 after acquiring an additional 38,299 shares during the period. Finally, Vermillion Wealth Management Inc. bought a new position in Alphabet during the fourth quarter worth about $79,000. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GOOG shares. Barclays reaffirmed a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Raymond James Financial restated an "outperform" rating and set a $210.00 price target (up from $185.00) on shares of Alphabet in a report on Thursday, July 24th. BNP Paribas cut Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Citizens Jmp raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. Finally, Lake Street Capital reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $230.35.

Alphabet Price Performance

NASDAQ:GOOG traded down $2.36 during trading hours on Monday, reaching $252.88. The stock had a trading volume of 20,038,778 shares, compared to its average volume of 25,284,148. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $256.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The company has a 50 day moving average price of $211.48 and a two-hundred day moving average price of $182.24. The stock has a market capitalization of $3.06 trillion, a PE ratio of 26.93, a PEG ratio of 1.72 and a beta of 1.01.

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

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 2,778 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the sale, the chief accounting officer directly owned 17,293 shares of the company's stock, valued at approximately $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 23,820 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the sale, the insider owned 42,999 shares of the company's stock, valued at $8,371,905.30. This trade represents a 35.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 258,088 shares of company stock valued at $52,405,304. 12.99% of the stock is currently owned by 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.