Graybill Wealth Management LTD. Increases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Graybill Wealth Management LTD. increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,356 shares of the information services provider’s stock after purchasing an additional 106 shares during the period. Alphabet makes up approximately 4.0% of Graybill Wealth Management LTD.’s holdings, making the stock its 2nd biggest position. Graybill Wealth Management LTD.’s holdings in Alphabet were worth $9,562,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GOOGL. Meiji Yasuda Life Insurance Co boosted its stake in Alphabet by 17.9% in the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 198,743 shares of the information services provider’s stock worth $26,008,000 after purchasing an additional 30,128 shares in the last quarter. Waycross Partners LLC lifted its stake in Alphabet by 4.9% during the 3rd quarter. Waycross Partners LLC now owns 120,068 shares of the information services provider’s stock valued at $15,712,000 after acquiring an additional 5,659 shares during the period. Asset Dedication LLC lifted its stake in Alphabet by 4.1% during the 3rd quarter. Asset Dedication LLC now owns 31,274 shares of the information services provider’s stock valued at $4,096,000 after acquiring an additional 1,239 shares during the period. EPG Wealth Management LLC lifted its stake in Alphabet by 4.6% during the 3rd quarter. EPG Wealth Management LLC now owns 24,603 shares of the information services provider’s stock valued at $3,220,000 after acquiring an additional 1,086 shares during the period. Finally, Insight Holdings Group LLC lifted its stake in Alphabet by 14.2% during the 3rd quarter. Insight Holdings Group LLC now owns 328,400 shares of the information services provider’s stock valued at $42,974,000 after acquiring an additional 40,800 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 1.8 %

NASDAQ GOOGL opened at $182.15 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market capitalization of $2.25 trillion, a P/E ratio of 27.94, a P/E/G ratio of 1.38 and a beta of 1.01. Alphabet Inc. has a one year low of $115.35 and a one year high of $186.05. The stock has a 50 day moving average price of $172.85 and a 200-day moving average price of $154.14.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period in the prior year, the company earned $1.17 EPS. As a group, equities analysts predict that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.44%. Alphabet’s dividend payout ratio is currently 12.27%.

Insider Activity

In related news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total value of $266,880.00. Following the completion of the sale, the director now directly owns 3,727 shares in the company, valued at $663,107.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total value of $266,880.00. Following the completion of the sale, the director now directly owns 3,727 shares in the company, valued at $663,107.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $177.40, for a total value of $3,991,500.00. Following the completion of the sale, the chief executive officer now owns 2,213,011 shares of the company’s stock, valued at $392,588,151.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,284 shares of company stock worth $24,534,393. 11.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wedbush upped their target price on shares of Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Roth Mkm upped their target price on shares of Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Loop Capital upped their target price on shares of Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. Barclays upped their target price on shares of Alphabet from $173.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $181.00 price target (down previously from $182.00) on shares of Alphabet in a research report on Friday. Six analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $193.66.

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.