Schwarz Dygos Wheeler Investment Advisors LLC Sells 1,912 Shares of Alphabet Inc. (NASDAQ:GOOG)

Schwarz Dygos Wheeler Investment Advisors LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOGFree Report) by 6.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,829 shares of the information services provider’s stock after selling 1,912 shares during the quarter. Alphabet makes up approximately 1.3% of Schwarz Dygos Wheeler Investment Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Alphabet were worth $4,542,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC bought a new stake in Alphabet during the fourth quarter valued at about $26,000. Partnership Wealth Management LLC bought a new stake in Alphabet during the fourth quarter valued at about $26,000. Equitec Proprietary Markets LLC bought a new stake in Alphabet during the fourth quarter valued at about $28,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet during the fourth quarter valued at about $32,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Alphabet during the fourth quarter valued at about $34,000. 27.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. TD Cowen lifted their target price on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Rosenblatt Securities cut Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price on the stock. in a report on Friday, June 28th. Oppenheimer lifted their target price on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Finally, Stifel Nicolaus lifted their target price on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.38.

Get Our Latest Analysis on GOOG

Alphabet Trading Up 1.2 %

Shares of NASDAQ:GOOG traded up $2.25 during trading hours on Wednesday, hitting $192.69. 8,007,889 shares of the company’s stock traded hands, compared to its average volume of 20,758,002. Alphabet Inc. has a 1 year low of $115.83 and a 1 year high of $193.31. The business has a fifty day moving average price of $177.92 and a 200-day moving average price of $158.32. The firm has a market capitalization of $2.38 trillion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. Alphabet’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Equities analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total transaction of $113,668.94. Following the transaction, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $186.74, for a total value of $4,201,650.00. Following the transaction, the chief executive officer now directly owns 2,227,385 shares in the company, valued at $415,941,874.90. The disclosure for this sale can be found here. Insiders sold 146,288 shares of company stock valued at $25,345,053 over the last 90 days. Corporate insiders own 12.99% of the company’s stock.

About Alphabet

(Free Report)

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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