Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Raised by Buttonwood Financial Advisors Inc.

Buttonwood Financial Advisors Inc. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.9% in the first quarter, Holdings Channel.com reports. The fund owned 67,903 shares of the information services provider’s stock after buying an additional 3,771 shares during the quarter. Alphabet comprises about 4.6% of Buttonwood Financial Advisors Inc.’s portfolio, making the stock its 5th largest holding. Buttonwood Financial Advisors Inc.’s holdings in Alphabet were worth $10,501,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the business. Anderson Financial Strategies LLC bought a new position in Alphabet in the 4th quarter worth about $49,000. EQ Wealth Advisors LLC purchased a new stake in shares of Alphabet in the first quarter valued at approximately $49,000. Navigoe LLC purchased a new position in Alphabet during the 4th quarter worth $51,000. Prudent Man Investment Management Inc. purchased a new position in Alphabet during the 4th quarter worth $53,000. Finally, Campbell Capital Management Inc. purchased a new stake in shares of Alphabet in the 4th quarter worth $57,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity

In related news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $105,000.00. Following the sale, the director owned 6,813 shares of the company’s stock, valued at approximately $1,192,275. This trade represents a 8.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $170.87, for a total value of $5,553,275.00. Following the completion of the sale, the chief executive officer directly owned 2,620,196 shares in the company, valued at $447,712,890.52. This represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 215,643 shares of company stock valued at $36,330,928. 11.64% of the stock is currently owned by insiders.

Alphabet Trading Up 0.2%

NASDAQ GOOGL opened at $179.08 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The company’s fifty day moving average price is $168.70 and its two-hundred day moving average price is $173.87. The company has a market capitalization of $2.17 trillion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.26 and a beta of 1.00.

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

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were paid a $0.21 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Monday, June 9th. Alphabet’s payout ratio is presently 9.36%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Cantor Fitzgerald restated a “neutral” rating and set a $171.00 price target on shares of Alphabet in a research note on Wednesday, June 25th. Royal Bank Of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Alphabet in a research report on Wednesday, April 23rd. KeyCorp upped their price target on shares of Alphabet from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Roth Mkm reiterated a “buy” rating and set a $220.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Susquehanna reduced their price objective on shares of Alphabet from $225.00 to $220.00 and set a “positive” rating for the company in a research note on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $199.95.

Alphabet 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.